For Sale: Maplewood MLS# 6765727
Active
$150,000
Commercial: Business Opportunity
Built 1960
0.62 acres
North St Paul-Maplewood schools
MLS# 6765727
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Property Description
Buy it for the assets, get the business and lease for free. Now only $150, 000, this Maplewood laundromat has no water or sewer bill, more than $150, 000 in equipment value, and over 30 years of proven success. Located on a busy street with strong visibility and nine years left on the lease, it is fully equipped with 20 washers, 22 dryers including 10 newer units worth $100, 000, change machines, a pop machine, folding tables, and carts. New apartment developments nearby provide steady customer traffic. Growth potential includes adding wash and fold, pickup, and delivery services. A custom app and website can be negotiated with the sale. Upgrades in 2024 include new plumbing, epoxy flooring, and an updated bathroom. This is a turnkey business priced at asset value and ready for immediate cash flow.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$150,000
Property Type:
Commercial
City:
Maplewood
Garage Spaces:
0
County:
Ramsey
Year Built:
1960
State:
MN
Property Style:
Business Opportunity
Zip Code:
55109
Subdivision Name:
Gladstone, Ramsey Co, , Minn
Exterior
Garage Spaces:
0
Other Parking Spaces:
8
Foundation Size:
1,200 ft2
Handicap Accessible:
Fully Wheelchair
Heating System:
Boiler
Parking Features:
- Parking Lot
- Unassigned
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.62
Geolocation:
44.999607, -93.044823
Inclusions:
Business Assets, Business, Fixture/Equipment, Inventory, Leases
Lot Dimensions:
.620
Zoning:
Business/Commercial
Schools
School District:
622
District Phone:
651-748-7410
Expenses
Annual Insurance Expense:
$1,821
Annual Gross Expense:
$13,908
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Fuel, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
None
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$19,636
Income
Annual Gross Income:
$62,400
Rent
Annual Net Income:
$35,412
Units
Total Units:
1
Miscellaneous
Current Use:
Laundromat
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
Well
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.