More than just real estate: local businesses hit the market

More than just real estate: local businesses hit the market

He went into it with a ten-year plan, and here he is 17 years later. “My problem is I expanded it,” he says, purchasing the two buildings next to the original Eastfield Laundry to run a commercial side. “I bought the Ben Franklin (building) for the commercial (laundry) and bought the middle one because it was in my way.” He may well fail at his second retirement, as he owns property and a 53,000 square foot building in Grawn, where he produces Mr. Jim’s Laundry Soap. As popular as boating is right now, perhaps now is the time to consider the Interlochen Boat Shop. The business and its accompanying 11-plus acres are for sale for $1.6 million. It doesn’t sell boats per se, but if it’s got to do with being on the water, you’ll find it here: It’s a retail parts and Shore Station dealer and offers boat hoist delivery service, boat winterization and shrink-wrapping. The shop services boat owners on Green Lake, Long Lake, and Duck Lake and other local bodies of water.

Tom Krause of Krause Realty Solutions is representing the owner, Jim Lagato. Lagato bought it after retiring from the phone company. He had begun working part-time for a local construction company to keep himself busy and was laid off when he saw an ad for the laundromat. “I looked into it and bought it. I don’t hunt, I don’t fish, I work. Or I’d be bored stiff,” he says.

Interested in cleaning up? Do it with a landmark Traverse City business. Eastfield Commercial Laundry and Laundromat is for sale for $1,999,999. With the owner retiring, the turnkey businesses and real estate are being sold all together with all inventory, machines, and training included. The washers and dryers have credit card readers, allowing customers to use cards or change, an option most laundromats don’t offer.

If you’re eager to get into the restaurant business, you have options. One is McGee’s 31, on US31 just north of Chum’s Corner, for $1,015,000. It boasts seating for 140 with deck seating for another 60, and has been fully upgraded both inside and out to the tune of $200,000. Cosmetic upgrades indoors and out include paving the parking lot and adding digital signage. It’s on 1.93 acres, offering room for expansion.

The site offers other retail possibilities as well, with plenty of parking. Plus there are numerous sheds and outbuildings, hunting blinds, open field areas with some woods, and roads throughout. There’s even a three-bedroom mobile home with a deck, fenced-in yard and carport. The business is right off US Highway 31 just west of Interlochen. Lori O’Mara of Real Estate One is representing the owner.

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