Rare opportunity to acquire a well-established, owner-operated laundromat together with the real estate it occupies on a high-traffic commercial corridor on Chicago's Northwest Side. In continuous operation for over a decade, this turnkey business pairs durable, largely recession-resistant cash flow with the long-term security and equity of owning the building and parking lot — no landlord, no lease-renewal risk.
The ±4,000 sq. ft. free-standing building sits on a busy retail stretch and includes a 26-space private parking lot, a genuine rarity for an urban laundromat and a decisive convenience that competing storefronts can't match. The store runs a proven free-dry model (customers pay to wash, dry for free) that has driven strong washer turns and repeat neighborhood loyalty for 15+ years. Customers cite location, parking, convenience, and friendly attended service as the reasons they keep coming back.
The equipment package is a clean, single-manufacturer Dexter platform — 44 washers (20 lb to 80 lb capacity) and 64 dryer pockets — which simplifies maintenance, parts sourcing, and staff training. Also included: coin and bill changers, drink and snack vending, a 16-channel security camera system, two water heaters, and all fixtures and small wares. The roof and HVAC were updated approximately six years ago as part of a $200K+ remodel, and the seller reports no machines requiring imminent replacement.
Financial highlights (seller-reported; to be verified in due diligence): representative gross income of approximately $457,600 with net operating income of roughly $186,500 on an owner-operator basis. Revenue has grown substantially over the past several years. As a self-service laundromat — not a dry cleaner — the site uses no hazardous chemicals and carries no anticipated environmental concerns.
Meaningful upside for an active operator: the current owner runs the store as a simple coin operation and has left several obvious revenue levers untapped, including wash-dry-fold service (currently minimal), vending, a planned washer price increase, adding card/app payment, and virtually zero marketing spend. A hands-on buyer has clear, low-capital paths to grow both income and value — on top of owning the underlying real estate.
Ideal for an owner-operator, a first-time buyer seeking a stable cash-flow business with a hard asset, or an investor expanding a laundromat portfolio. May qualify for SBA or conventional financing given the included real estate and established cash flow (subject to lender underwriting). Strict confidentiality required — please do not contact the business, staff, or customers directly. Serious, qualified buyers will be provided a full due-diligence package upon signing a confidentiality agreement.