Operational Laundromat
For Sale
$80,000
302 S 2nd Street, Lincoln, MI 48742
Commercial Sale, Lincoln, MI
Property Size1,600 SF
Lot Size0.16 Acres
Price / SF$50
Days on Market48
Property Features for 302 S 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Lots 1 & 2
Parking features
Parking Lot
Subdivision
T26N R8E
Directions
US 23 to M72 to Traverse Bay Rd to Second St
Standard status
Active
APN
052-000-031-001-05
Size
1,600 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
T26N R8E SEC 1 IN LOTS 1 & 2 BLK 31 VILLAGE OF LINCOLN, COM NE COR BLK 31, S 46 FT TO POB, S 55 FT, S89DEGW 128 FT, N 26.14 FT, S89DEGW 4 FT, N 28.86 FT, N89DEGE 132 FT TO POB SV PARCEL
Legal Description
T26N R8E SEC 1 IN LOTS 1 & 2 BLK 31 VILLAGE OF LINCOLN, COM NE COR BLK 31, S 46 FT TO POB, S 55 FT, S89DEGW 128 FT, N 26.14 FT, S89DEGW 4 FT, N 28.86 FT, N89DEGE 132 FT TO POB SV PARCEL
Utilities
Water source
Well
Building Details
Floors in Building
1
Listing Agency:
Forty Five North Real Estate
(989) 340-1470
Listed By:
Janell Kenworthy
(989) 255-6893
Added: Aug 4
Changed: Sep 13
Last Checked: Sep 20 at 9:06PM
MLS# 201841951
Copyright © 2026 Water Wonderland Board 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 1,600-square-foot storefront property operates as a laundromat and includes updated electrical service. The business has 8 working washing machines and 5 working dryers, along with 1 additional washer and 8 additional dryers that are included but currently out of service. The property occupies 0.16 acres and has a parking lot for customer access.
Located at 302 S 2nd Street in Lincoln, Michigan, the property is identified as Lots 1 & 2 and uses well water. The laundromat is described as the only currently operating facility of its kind in Alcona County, providing an established local service use.
Located at 302 S 2nd Street in Lincoln, Michigan, the property is identified as Lots 1 & 2 and uses well water. The laundromat is described as the only currently operating facility of its kind in Alcona County, providing an established local service use.
Key Highlights
- Operational laundromat with updated electrical service
- 8 working washing machines and 5 working dryers
- Includes 1 additional washer and 8 additional dryers requiring repair
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Marathon
Shops & Services
9,705 visits/mo
0.4 miles
Marathon Petroleum
Shops & Services
5,810 visits/mo
0.4 miles
Huntington Bank
Shops & Services
4,653 visits/mo
0.5 miles
Little Caesars Pizza
Dining
3,271 visits/mo
0.4 miles
Mercantile Bank
Shops & Services
2,177 visits/mo
0.5 miles
Demographics for 48742, MI
1,701
Population
1,392
Households
1.2
Avg Household Size
57
Median Age
25%
College-Educated
94%
High-School Grad
67.9 sq mi
ZIP Area
25
Density / Sq Mi
$62,683
Median Household Income
$36,941
Median Earnings
$650
Median Rent
$165,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Clarabella Flowers — 1395 N McEwan St, Clare, MI 48617
Frequently Asked Questions
What type of property is this?
Storefront property - Working laundromat with updated electrical, on-site parking, and additional equipment included for future expansion.
Where is this storefront property located?
The property is located at 302 S 2nd Street Lincoln, MI.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Operational laundromat with updated electrical service; 8 working washing machines and 5 working dryers; Includes 1 additional washer and 8 additional dryers requiring repair
