24730 Gratiot AveEastpointe, MI 48021

For Sale
$1,000,000

Turnkey Dry Cleaning Business, High EBDITA

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity awaits with this established dry cleaning business located at 24730 Gratiot Ave, Eastpointe, MI 48021. This single-story, 4,582 square foot building, constructed in 1953, boasts a 100% occupancy rate and sits on commercially zoned land (Commercial, Light Industrial, Office). The property offers a compelling 18% cap rate and significant potential for growth, making it an attractive proposition for investors seeking strong returns. The business enjoys consistent revenue and a high EBITDA, presenting a low-risk investment opportunity. The sale includes the building and the profitable business, offering a turnkey operation with immediate cash flow. Seller financing is available via land contract with flexible terms. Financial details are available upon request, contingent on proof of down payment or financing and the signing of a non-disclosure agreement. Please note that inquiries should not be directed to the business staff. A virtual tour is available online.

Highlights

  • Established dry cleaning business in Eastpointe, MI, offering an 18% cap rate.
  • 4,582 SF single-story building on commercially zoned land (Commercial, Light Industrial, Office).
  • 100% occupancy rate, generating consistent revenue and high EBITDA.
  • Turnkey operation with immediate cash flow; building and business included.
  • Seller financing available via land contract.

Property Details for 24730 Gratiot Ave

Property type
Other retail properties, Investment properties
Square Feet
4,582 SF
Year Built
1953
Stories
1

Location Insight

City
Eastpointe
County
Macomb
State
Michigan
Latitude
42.4775287
Longitude
-82.9489858
24730 Gratiot Ave, Eastpointe, Michigan

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24730 Gratiot Ave
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