This is a rare opportunity to acquire both a coin laundry business and the real property it occupies in Mattoon, Illinois feliminating lease risk entirely and providing a hard-asset foundation that most laundromat buyers never get.

The business operates as a 24-hour, unattended self-service laundromat, the classic passive-income model that has made coin laundry one of the most resilient Main Street investments available. The laundromat industry nationwide carries an estimated 94-95% five-year success rate and serves a fundamentally non-discretionary customer base renters and residents who simply need to do their laundry, regardless of economic conditions.

The real story here is the real estate. At $249,000 with the property included, a buyer is acquiring a commercial building in a market where comparable Illinois laundromat+building packages are listed in the $219,000-$895,000 range. The building is the floor even if a new owner chooses to fully re-equip, the owned real estate preserves capital in a way a leased space cannot.

Mattoon is a city of approximately 16,500 in Coles County, home to Lake Land College and serving as a regional anchor for central Illinois. With roughly 21% of the population below the poverty line and a significant renter population, demand for coin-operated laundry services is built into the local customer base.

This opportunity is best suited for an investor or operator willing to invest in equipment upgrades to unlock the location's full earning potential. Financials will be made available following an introductory call with the seller. Contact us today to request additional details and schedule a conversation.