Two self-service laundromats and both of the commercial buildings they occupy, offered together in Mattoon, Illinois for $300,000 — with approximately 50% seller financing available to a qualified buyer.

The defining feature of this opportunity is the market itself. Mattoon is a city of roughly 16,500 people currently served by a single operating laundromat. Both locations in this package are presently closed, which means the buyer is not purchasing a going concern — the buyer is purchasing two buildings, two sets of equipment, and the exclusive opportunity to reopen into a market with demonstrable unmet demand and effectively no competition.

Both properties convey with the sale. That is the floor under this price. Comparable Illinois laundromat-plus-building packages currently on the market are listed between $465,000 and $1,175,000 for a single location. Here, a buyer acquires two commercial buildings and two equipment packages for $300,000, with half of that potentially carried by the seller. Even under a conservative view where a buyer fully re-equips one or both locations, the owned real estate preserves capital in a way a leased space never can.

The larger of the two locations previously operated as a 24-hour unattended self-service laundromat — the classic passive-income model that has made coin laundry one of the most durable Main Street investments available. The US laundromat industry carries an estimated 94–95% five-year success rate and serves a fundamentally non-discretionary customer base: roughly 60% of laundromat customers are renters without in-unit laundry. Mattoon's demographics support that demand directly, with a median household income near $51,600 and a poverty rate above 21% — a market where households rely on coin laundry as a necessity rather than a convenience.

The second location is the smaller of the two and is also currently closed. Utilities, plumbing, and gas service are represented by the seller as intact at that property.

This is a value-add acquisition suited to an investor or owner-operator prepared to invest in equipment and reopen. The reward for that work is a two-location footprint in a market with one competitor, on real estate the buyer owns outright. Financials and full property detail are made available following an introductory call with the seller.

Seller financing of approximately 50% is available to a qualified buyer. Contact us today to request additional information and schedule a conversation.