Updated 2026 • Population 639,111 • 52% Renters • 180 Laundromats
Detroit, MI has approximately 180 laundromats serving a population of 639,111 residents. With a 52% renter population and median household income of $31,283, Detroit presents steady demand for laundromat services. Detroit's revitalizing economy and extremely low acquisition costs create high cap rate opportunities. Strong demand in underserved neighborhoods.
Step 1: Score the location — Run the address through CLEANBI Explorer for a 17-factor analysis including demographics, competition, traffic, and revenue projections. Step 2: Analyze the financials — Use the ROI Calculator to model cap rate, cash-on-cash return, and payback period. Step 3: Inspect equipment — Use Equipment Vault to appraise every machine by serial number. Step 4: Check funding — Get matched to SBA, equipment financing, or working capital through our funding partners.
Laundromats for sale in Detroit, MI typically list for $80,000-$200,000. Prices vary based on equipment age, location, lease terms, and revenue. Average annual revenue for mid-size stores is $80,000-$180,000.
Detroit has a 52% renter population and approximately 180 laundromats serving 639,111 residents. Detroit's revitalizing economy and extremely low acquisition costs create high cap rate opportunities. Strong demand in underserved neighborhoods.
Key factors for Detroit: lease terms (minimum 10 years remaining), equipment age (under 10 years ideal), utility costs (20-28% of revenue target), neighborhood renter density, parking availability, and competitive proximity. Run every location through CLEANBI’s 17-factor analysis before committing capital.