Property summary
This exceptional investment opportunity presents a well-established coin laundromat in Dearborn Heights, Michigan. Priced at $325,000, this turnkey business includes the building and all equipment, offering immediate income potential. The 1,200 square foot, single-story building, constructed in 1960, sits on a sizable 10,000 square foot lot encompassing a parking area and two vacant lots, providing significant expansion potential. The laundromat boasts newer equipment, including 27 washers and 12 dryers. Its convenient location backs onto residential properties, making it ideally suited for a variety of retail operations. The property is zoned commercial and is being sold as a cash purchase only. The current owner is retiring after over two decades of successful operation. All measurements should be independently verified by the buyer. Showings are strictly by appointment. This is a rare opportunity to acquire a profitable business with significant growth potential in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Dearborn Heights market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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