217 W State Street
Ashley, IN 46705

This turnkey investment opportunity offers the chance to own an established cash-flowing business with additional real estate income potential in the growing Northeast Indiana market. Located in Ashley, Indiana directly off the highway between Auburn and Angola, the property benefits from consistent local traffic along with seasonal travel generated by the surrounding lake communities and recreational destinations. The property consists of a fully operational laundromat featuring updated commercial laundry equipment along with a newly transformed apartment in the rear, creating an additional source of rental income beyond the business itself. With multiple revenue streams and a manageable footprint, this property presents an excellent opportunity for an owner-operator or investor seeking an entry-level commercial investment with immediate operational potential. The sale includes three parcels with additional parking, updated equipment, and a clean operational setup ready for continued business use. A full equipment list is available.

Property Features