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Laundromat Retail Property
For Sale
$375,000

700 E State Street, Cassopolis, MI 49031

Includes laundry equipment, existing inventory, and a vacant lot behind the building.

Property Size2,880 SF
Days on Market10

Property Features for 700 E State Street

General Information

Standard status Active
Size 2,880 SF
Total Parking Spaces 20
Property subtype Business Opportunity

Taxes and HOA fees

Annual Taxes $2,289

Building Details

Building Size 2,880 SF
Year Built 1980
Units 1
Listing Agency: RE/MAX by the Lake
Listed By: Brian Waite · License #6501394999
Source: Phgrealty
Added: Aug 13 Changed: Aug 22 Last Checked: Aug 22 at 4:43AM

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 RE/MAX by the Lake

Investment Insights

Based on property information with market context.

Located at 700 E State Street in Cassopolis Village, this retail property includes an established laundromat business, the building, laundry equipment, and existing inventory. The offering provides a defined operating setup with the business assets included in the sale.

A vacant lot behind the building is also part of the property, adding separate land to the offering. The site fronts State Street, providing visibility and access from the local street network. Built in 1980, the property combines an operating laundromat with an additional rear parcel. Buyers should confirm dimensions, permitted uses, and any potential development plans with the appropriate local authorities.

Key Highlights

  • Established laundromat business at 700 E State Street, Cassopolis Village, MI 49031
  • Building, all laundry equipment, and existing inventory included
  • Vacant lot behind the building included in the sale

Property Analytics

Current Use

Diamond Lake Laundry ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Building Supply Nail Salon Big Box & Wholesale Store Hair Salon Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

287
Businesses Nearby
26k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 73% Shops & Services 22% Home Improvements & Furnishings 5%
McDonald's Dining
14,475 visits/mo 0.2 miles
Marathon Petroleum Shops & Services
5,783 visits/mo 0.5 miles
BIGGBY COFFEE Dining
4,822 visits/mo 0.3 miles
Hayden & Sons True Value Hardware Home Improvements & Furnishings
1,242 visits/mo 0.4 miles

Demographics for 49031, MI

7,728
Population
4,238
Households
1.8
Avg Household Size
47
Median Age
29%
College-Educated
92%
High-School Grad
113.2 sq mi
ZIP Area
68
Density / Sq Mi
$70,369
Median Household Income
$41,865
Median Earnings
$847
Median Rent
$217,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Includes laundry equipment, existing inventory, and a vacant lot behind the building.
Where is this retail space located?
The property is located at 700 E State Street Cassopolis, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Established laundromat business at 700 E State Street, Cassopolis Village, MI 49031; Building, all laundry equipment, and existing inventory included; Vacant lot behind the building included in the sale
More about this property
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