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For Sale:  Maplewood MLS# 6765727

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Active
$165,000
/mo Edit
Commercial:  Business Opportunity
Built 1960
0.62 acres
North St Paul-Maplewood schools
MLS# 6765727
763-576-8286
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    Property Description

    Now only $165, 000 until August 31, this Maplewood laundromat offers no water or sewer bill, over $150, 000 in equipment value, and more than 30 years of proven operation. Located on a busy street with excellent visibility and nine years left on the lease, it comes fully equipped with 20 high-capacity washers, 22 dryers including 10 newer units worth $100, 000, two change machines, a pop machine, folding tables, and laundry carts. The area is surrounded by new apartment developments providing steady customer traffic, and there is strong potential to add wash and fold, pickup, and delivery services. A custom app and website for pickup and delivery can be negotiated in the sale. Recent upgrades in 2024 include new plumbing to all washers, a fresh epoxy-coated floor, and an updated bathroom. This turnkey business is ready for immediate cash flow in a growing neighborhood and will return to market value after August 31.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $165,000
    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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    Payment:  /mo

    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!

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    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.