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1518 Washington Street, Joliet, IL

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1518 Washington Street

Joliet, IL 60433-1365 - Joliet/Central Will Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:-
Building Size:2,338 SF Land Area:.03 AC (1,394 SF)
For Sale Price:$249,000 Price/SF:$106.50
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 1.28/1,000 SF
Features:Signage, Signalized Intersection

Well established Laundromat, current owners since 1982 off of Briggs street on Joliet's east side. This building is air conditioned and also has 2 cooling/ exhaust fans to maintain a comfortable atmosphere. The laundry is currently run un-attended and has a large utility room with capacity for an office and storage area.

Sale Notes:
Laundromats with their buildings are very hard to find. This is an unattended laundromat operation. It has automatic Door locks, and a part time person who checks on the store a couple of times a day to make sure it stays clean and operational. This laundromat is located in a lower income area for Joliet that is surrounded by demographics that are a good fit for the laundromat business. It is also located near a busy intersection with good exposure.
What this business needs is some TLC and an owner who can manage and promote the business. Adding a part or full time attendant who can also do drop off laundry will greatly increase the overall business. The Seller will consider all reasonable offers.

East Washington Street and South Briggs Street, is a busy intersection serving most of the local residents.

Business value and all equipment included in sale price, the laundromat is currently set up to accept coin payment only.

J. Vassiliades & Co.
John Vassiliades
(708) 878-1020

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