$120,000
Grand Rapids, MI 49507
MLS# 26060181
2062 sqft
1 / 15
Property Description
BUSINESS ONLY - NO REAL ESTATE: A rare and exceptional opportunity to acquire a fully operational, high-volume coin-operated laundromat business in Grand Rapids. Known as Eastern Avenue Coin Laundry, this well-established neighborhood facility features a robust, meticulously maintained commercial equipment inventory totaling 51 major assets, generating steady, reliable daily cash flow. The purchase price includes a comprehensive package of commercial laundry machinery: 22 heavy-duty Speed Queen washers (ranging from 60 lb multi-load heavy-duties to reliable 20 lb front-loaders and top-loaders) and 15 dryer bays (featuring Dexter and Speed Queen stack gas tumblers and high-capacity single-pocket units). Additional included income-generating and operational assets feature a dual-hopper bill changer, a retail ATM,
Details
Location & Property Info
Cross Streets: Eastern and Crary
Property Sub-Type: Business Opportunity
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 58.2
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: 118 * 125
Road Frontage: 118
Waterfront: No
Year Remodeled: 1971
Total # Units: 1
Total # Bldgs: 2
# Fin Bldg Lvls: 2062
Total SqFt: 2062
Property Use Type: Net Leased (nnn)
School District: Grand Rapids
Lot Measurement: Acres
Lot Acres: 0.36
Lot Square Footage: 15594
Year Built: 1961
Full Baths: 1
Tax Info
Taxable Value: 58898
SEV: 251900
For Tax Year: 2026
Seller's Annual Property Tax: 2961.21
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: none known
Tax ID #: 41-18-05-304-002
Remarks & Misc
Public Remarks: BUSINESS ONLY - NO REAL ESTATE: A rare and exceptional opportunity to acquire a fully operational, high-volume coin-operated laundromat business in Grand Rapids. Known as Eastern Avenue Coin Laundry, this well-established neighborhood facility features a robust, meticulously maintained commercial equipment inventory totaling 51 major assets, generating steady, reliable daily cash flow.
The purchase price includes a comprehensive package of commercial laundry machinery: 22 heavy-duty Speed Queen washers (ranging from 60 lb multi-load heavy-duties to reliable 20 lb front-loaders and top-loaders) and 15 dryer bays (featuring Dexter and Speed Queen stack gas tumblers and high-capacity single-pocket units). Additional included income-generating and operational assets feature a dual-hopper bill changer, a retail ATM,
Legal: LOTS 1, 2 & 3* MORGAN S ADDITION
Street Type
Paved: 1
Property Use
Business: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Retail: 1
Construction Type
Other: 1
Exterior Material
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Corporation: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Business Includes
Equipment: 1
Furniture: 1
Inventory: 1
Foundation
Slab: 1
Util Avail at St
Electricity Available: 1
Natural Gas Available: 1
Driveway
Other: 1
Purchase Terms Avail
Cash: 1
Other: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 1654
Street Name: Eastern
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49507
OfficeContract Info
Status: Active
Current Price: $120,000
List Price: $120,000
Listing Date: 2026-11-13
Remarks Misc
Directions: From 28th st, north on Eastern, east on Crary, laundromat is right there.
Property Features
Property Use: Business
Uses: Retail
Ownership: Corporation
Business Includes: Equipment; Furniture; Inventory
Construction Type: Other
Exterior Material: Other
Foundation: Slab
Below Grade: None
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Electricity Available; Natural Gas Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Other
Street Type: Paved
Purchase Terms Avail: Cash; Other
Sale Conditions: None
Possession: Close Of Escrow
Supplements
soap and beverage/snack vending machines, a dedicated high-capacity tenant commercial water heater, heavy-duty folding stations, and on-site maintenance equipment.
The business operates with trained on-site employees in place to ensure smooth daily management. The physical space is currently leased, with a favorable new lease structure available to be negotiated directly with the building owner at a competitive $1,500/month base rent, providing excellent long-term operating margins. Ideal for an experienced operator looking to expand their portfolio or an investor seeking a turnkey, cash-flowing business asset with great potential for increased revenues. Financials are available upon execution of a non-disclosure agreement. Act fast on this rare West Michigan commercial offering!
Listing Office: Greenridge Realty (EGR)
Listing Agent: Giuseppe Lupis
Last Updated: November - 14 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.