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Ashley Coin Laundromat 217 State St 2,200 SF 100% Leased Retail Building Ashley, IN 46705 $279,999 ($127.27/SF)
Investment Highlights
- 26 Total Washer / Dryer Units
- Apartment Income: $900/Month
- 24/7 Laundromat Operation
- Located Between Auburn & Angola
Executive Summary
Turnkey laundromat investment opportunity available in Ashley, Indiana. Located at 217 W State Street directly between Auburn and Angola, this cash-flowing commercial property includes both the real estate and business equipment, creating an opportunity for an owner-operator or investor seeking an established operation with additional upside potential.
The property consists of approximately 2,200 square feet and includes 3 parcels with additional parking. The laundromat operates as a 24/7 self-service facility and features 26 total washer and dryer units including Dexter commercial equipment, Thoroughbred washers, and Speed Queen top-load units.
In addition to the laundromat business, the property includes a newly built studio apartment completed in 2024 currently generating $900 per month in rental income. The apartment features updated finishes and provides an additional income stream beyond the laundromat operation.
The property consists of approximately 2,200 square feet and includes 3 parcels with additional parking. The laundromat operates as a 24/7 self-service facility and features 26 total washer and dryer units including Dexter commercial equipment, Thoroughbred washers, and Speed Queen top-load units.
In addition to the laundromat business, the property includes a newly built studio apartment completed in 2024 currently generating $900 per month in rental income. The apartment features updated finishes and provides an additional income stream beyond the laundromat operation.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,200 SF
Year Built/Renovated
1949/2024
Price
$279,999
Price Per SF
$127.27
Percent Leased
100%
Building Height
1 Story
Zoning
CB - Commercial business
Frontage
50’ on Downtown Ashley
Amenities
- 24 Hour Access
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $56,200 | |
| Land Assessment | $6,400 | Total Assessment | $62,600 |
Property Taxes
Parcel Numbers
Land Assessment
$6,400
Improvements Assessment
$56,200
Total Assessment
$62,600
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Ashley Coin Laundromat | 217 State St
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