Retail Space with
New
For Sale
$275,000
120 E Madison Street, Culver, IN 46511
COMMERCIAL, Culver, IN
Property SizeContact for details
Lot Size0.18 Acres
Days on Market2
Property Features for 120 E Madison Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
The Washboard Laundromat is located in downtown Culver. At the cross street of Main and Jefferson, go south on Main St. to the next street which is Madison, and turn left. Laundromat is on your left.
Subdivision
Marshall County
Standard status
Active
APN
50-21-16-303-038.000-014
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
OP LOT 40 and S 12' PRT L41 EX TR OUT NW COR 24' EW
Tax Annual Amount
1884
Legal Description
OP LOT 40 and S 12' PRT L41 EX TR OUT NW COR 24' EW
Amenities
half bathroom
dedicated office space
Building Details
Year built
1950
Flooring type
Concrete
Roof type
Asphalt
Listing Agency:
COLLINS and CO. REALTORS - CULVER
(574) 842-4652
Listed By:
Jennifer Luttrell
(574) 250-3852
Added: Aug 28
Last Checked: Aug 29 at 12:06AM
MLS# 202635591
Copyright © 2026 North Central Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property includes a laundromat business and building with 15 washing machines, including 8 newer units, plus 15 dryers. The equipment package also includes security equipment and vending machines. Interior features include concrete flooring, a half bathroom, dedicated office space, and LED lighting throughout.
Building improvements include a new asphalt roof, two tankless water heaters, updated electrical panels, and lighting upgrades. Constructed in 1950, the property occupies 0.18 acres at 120 E Madison Street in downtown Culver, Indiana, within Marshall County.
Building improvements include a new asphalt roof, two tankless water heaters, updated electrical panels, and lighting upgrades. Constructed in 1950, the property occupies 0.18 acres at 120 E Madison Street in downtown Culver, Indiana, within Marshall County.
Key Highlights
- 15 washing machines, including 8 newer machines, and 15 dryers
- New asphalt roof and two tankless water heaters
- Updated electrical panels with LED lighting throughout
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 46511, IN
4,008
Population
2,482
Households
1.6
Avg Household Size
49
Median Age
29%
College-Educated
91%
High-School Grad
66.7 sq mi
ZIP Area
60
Density / Sq Mi
$55,469
Median Household Income
$37,196
Median Earnings
$816
Median Rent
$218,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Operating laundromat with dedicated office, security system, vending machines, and recent building improvements.
Where is this retail space located?
The property is located at 120 E Madison Street Culver, IN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 15 washing machines, including 8 newer machines, and 15 dryers; New asphalt roof and two tankless water heaters; Updated electrical panels with LED lighting throughout
