Shutdown Laundromat Property in Wood River, IL

Store Information:


Sellers are willing to lease-purchase the Property for only $20,000 down!


High visibility corner location!


Building is 2,000 sq ft!


Property is 0.14 acres!


Building includes a second retail space! Huge potential to put in a game room!


License is possible because there is an outfitted kitchen without equipment and gaming license requires space to serve food!


Seller does not have up-to-date sales of the laundromat. A tenant stopped paying rent and has recently been evicted by property owners.


Demographic & Geographic Information:


Median household income is $59k! Perfect location to start a game room or restaurant in the second space!


Average traffic count of 5,700 vehicles passing by the store each day!
Near universities like Lewis and Clark Community College with over 2,400 students, CALC, Institute of Technology, SIU School of Dental Medicine school, and Central Elementary School with over 363 students.


Near new housing development with a total of 146 units and apartment complexes like Metro Apartments at Wood River, Windham Terrace Apartments, Rocwood Ap, Township Village, and Emerald Ridge.


Close proximity to St Clare's Hospital and Alton Memorial Hospital and offices like Global Brass & Copper Inc., Wieland Group, 360 Roll Works, and Koch Nitrogen Co.


Only 30 min from St. Louis, MO! Only 1 h 20 min from Springfield, IL! 4 h 30 min from Chicago, IL!


Asking Price for the Business and Property is $199,000!


Lease Purchase Available for $20,000 down, 9% interest rate, and 25-year amortization! Contribute towards the Property remaining balance! Buyer will have to pay the remaining balance within 3 years from the Closing Date.