Laundromat Retail
2247 S Center Road Burton, MI 48519
2247 S Center Road, Burton, MI, 48519
$1,200,000
For Sale
$1,200,000
COMMERCIAL - Burton, MI
Property Size7,330 SF
Lot Size1.47 Acres
Price / SF$163.71
Days on Market315
Property Features for 2247 S Center Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 59-22-100-014
- Size
- 7,330 SF
- Lot size
- 1.47 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 1987
Listing Agency
American Associates REALTORS
(810) 579-3333
2455 E Hill Rd., Flint, MI
Listed by
Denny Chinonis · License #6505196328
(810) 394-0934
Added: Sep 8, 2025 Checked: Jul 19 at 2:06 am
MLS# 50187680
Copyright © 2026 Multiple Listing Service MiRealSource. 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 for-sale laundromat retail property at 2247 S Center Road in Burton, Michigan offers an owner the opportunity to operate a well-established business in a dedicated retail setting. The property includes 7,330 square feet on a 1.47-acre lot, providing room for the laundromat use within a standalone site configuration.
The location is described as minutes from major highways, which can support convenient access for customers and provide visibility from the surrounding area. The property is also presented as being surrounded by residential neighborhoods, intended to support steady walk-in traffic driven by local customers.
For an owner-operator or investor seeking a retail-oriented laundromat asset, this property may fit well as a hands-on operation or a business acquisition. Prospective buyers should review the existing operation details and the physical condition of the premises as part of their due diligence, and confirm all business-related considerations during the transaction process.
The location is described as minutes from major highways, which can support convenient access for customers and provide visibility from the surrounding area. The property is also presented as being surrounded by residential neighborhoods, intended to support steady walk-in traffic driven by local customers.
For an owner-operator or investor seeking a retail-oriented laundromat asset, this property may fit well as a hands-on operation or a business acquisition. Prospective buyers should review the existing operation details and the physical condition of the premises as part of their due diligence, and confirm all business-related considerations during the transaction process.
Key Highlights
- Laundromat built in 1987
- Public water service
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.5k | $15.48 |
| − Vacancy | −$4.8k | −$0.65 |
| EGI | $108.7k | $14.83 |
| − OpEx | −$32.6k | −$4.45 |
| NOI | $76.1k | $10.38 |
7,330 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For-sale laundromat near major highways, offering accessible visibility for walk-in and pass-by customers.
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: Laundromat built in 1987; Public water service
