Laundromat Retail
For Sale
$1,200,000
2247 S Center Road, Burton, MI 48519
The 1987-built property is associated with an operating laundromat business.
Property Size7,330 SF
Price / SF$163.71
Days on Market415
Property Features for 2247 S Center Road
General Information
Standard status
Active
Size
7,330 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Currently Operating
Yes
Building Details
Building Size
7,330 SF
Year Built
1987
Listing Agency:
American Associates REALTORS
Listed By:
Denny Chinonis · License #125005
(810) 394-0934
Source:
Aractionmi
Added: Sep 8, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of American Associates REALTORS
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Investment Insights
Based on property information with market context.
A retail property associated with a laundromat business is located at 2247 S Center Road in Burton, Michigan. The building dates to 1987.
Key Highlights
- Operating laundromat business associated with the retail property
- Building constructed in 1987
- Located at 2247 S Center Road, Burton, MI 48519
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,092
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,521,840
$1.5M
Cap Rate 7%
$1,087,029
$1.1M
Cap Rate 9%
$845,467
$845.5K
Market Conditions
NOI Build-Up for 7,330 SF
Gross rent
$113.5K $15.48/SF
− Vacancy
−$4.8K −$0.65/SF
EGI
$108.7K $14.83/SF
− OpEx
−$32.6K −$4.45/SF
NOI
$76.1K $10.38/SF
Area
Genesee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,521,840
Cap Rate 7%
$1,087,029
Cap Rate 9%
$845,467
Alternative Uses
Best Use
Retail
$1.09M
$951.2K – $1.27M
NOI $76,092 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,970 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 48519, MI
7,825
Population
3,356
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
1,003
Density / Sq Mi
$60,625
Median Household Income
$36,924
Median Earnings
$890
Median Rent
$157,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The 1987-built property is associated with an operating laundromat business.
Where is this retail space located?
The property is located at 2247 S Center Road Burton, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Operating laundromat business associated with the retail property; Building constructed in 1987; Located at 2247 S Center Road, Burton, MI 48519
