Laundromats for Sale in Minneapolis, MN — 2026 Market Data & Listings

Updated 2026 • Population 429,954 • 52% Renters • 120 Laundromats

Minneapolis Laundromat Market Overview

Minneapolis, MN has approximately 120 laundromats serving a population of 429,954 residents. With a 52% renter population and median household income of $62,583, Minneapolis presents steady demand for laundromat services. Minneapolis's harsh winters and growing Somali and East African communities drive year-round laundromat demand.

Best Neighborhoods for a Laundromat in Minneapolis

• Phillips — Score this address with CLEANBI to see demographics and competition
• Near North — Score this address with CLEANBI to see demographics and competition
• Powderhorn — Score this address with CLEANBI to see demographics and competition
• Cedar-Riverside — Score this address with CLEANBI to see demographics and competition
• Longfellow — Score this address with CLEANBI to see demographics and competition

How to Evaluate a Minneapolis Laundromat Before Buying

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.

FAQs: Buying a Laundromat in Minneapolis

How much does a laundromat cost in Minneapolis?

Laundromats for sale in Minneapolis, MN typically list for $150,000-$350,000. Prices vary based on equipment age, location, lease terms, and revenue. Average annual revenue for mid-size stores is $130,000-$270,000.

Is Minneapolis a good market for buying a laundromat?

Minneapolis has a 52% renter population and approximately 120 laundromats serving 429,954 residents. Minneapolis's harsh winters and growing Somali and East African communities drive year-round laundromat demand.

What should I look for when buying a laundromat in Minneapolis?

Key factors for Minneapolis: 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.

Tools for Minneapolis Laundromat Buyers