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114 Steele Street

Rangely, CO 81648
  • $299,114
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 20263994
UPDATED: 60 min ago
$299,114
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

TURNKEY INCOME-PRODUCING BUSINESS AND REAL ESTATE OPPORTUNITY IN CENTRAL RANGELY! The asking price includes the commercial building, land, established Fresh Express Laundry business, all washers and dryers, boiler and mechanical systems, equipment, fixtures, furnishings, business name, goodwill, attached apartment, and related operating assets, subject to the final purchase agreement. Fresh Express Laundry is the ONLY laundromat serving Rangely and the corridor between Meeker, Colorado, Vernal, Utah, and Grand Junction, Colorado—creating an established customer base with extremely limited direct competition. Clean, well maintained, and in very good condition, this two-owner property has received numerous upgrades and is ready for continued operation. The laundromat features a bright customer area, multiple washer and dryer sizes, convenient service access behind the equipment, excellent visibility, a large lot, and abundant off-street parking. The attached two-bedroom, one-bath apartment creates an additional income stream and offers no carpet, a full kitchen, living area, tiled bathroom, and private residential space. The apartment has historically been easily rented. Seller has 2025 operating records showing positive combined income from the laundromat and apartment, creating attractive capitalization-rate potential at the current asking price. Financial information is available to qualified Buyers upon request. The large middle flex space adds even more opportunity with a concrete floor and overhead garage door. Expand the laundromat with additional machines, create a wash-and-fold or commercial laundry operation, use the space for storage or an owner workspace, or potentially operate an entirely separate business from the property, subject to zoning and required approvals. This property offers multiple existing income streams with significant opportunity for additional growth. Own the real estate, own the business, collect apartment income, and have room to expand—all from one turnkey property in the heart of Rangely. WATCH THE PROPERTY VIDEO TO EXPERIENCE THE LAUNDROMAT, APARTMENT, FLEX SPACE, AND FULL POTENTIAL OF THIS PROPERTY!

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© 2026 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Distinctive Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Distinctive Properties. Data last updated 2026-09-10T09:15:21.967 UTC.

www.westerncoloradodistinctiveproperties.com/homes/180065197
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114 Steele Street Rangely, CO 81648

  • Price: $299,114
  • Status: Active
  • On Site: 28 Days
  • Updated: 60 min ago
  • MLS #: 20263994
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Rangely
County:
Rio Blanco
Area:
Rangely
Property Description
TURNKEY INCOME-PRODUCING BUSINESS AND REAL ESTATE OPPORTUNITY IN CENTRAL RANGELY! The asking price includes the commercial building, land, established Fresh Express Laundry business, all washers and dryers, boiler and mechanical systems, equipment, fixtures, furnishings, business name, goodwill, attached apartment, and related operating assets, subject to the final purchase agreement. Fresh Express Laundry is the ONLY laundromat serving Rangely and the corridor between Meeker, Colorado, Vernal, Utah, and Grand Junction, Colorado—creating an established customer base with extremely limited direct competition. Clean, well maintained, and in very good condition, this two-owner property has received numerous upgrades and is ready for continued operation. The laundromat features a bright customer area, multiple washer and dryer sizes, convenient service access behind the equipment, excellent visibility, a large lot, and abundant off-street parking. The attached two-bedroom, one-bath apartment creates an additional income stream and offers no carpet, a full kitchen, living area, tiled bathroom, and private residential space. The apartment has historically been easily rented. Seller has 2025 operating records showing positive combined income from the laundromat and apartment, creating attractive capitalization-rate potential at the current asking price. Financial information is available to qualified Buyers upon request. The large middle flex space adds even more opportunity with a concrete floor and overhead garage door. Expand the laundromat with additional machines, create a wash-and-fold or commercial laundry operation, use the space for storage or an owner workspace, or potentially operate an entirely separate business from the property, subject to zoning and required approvals. This property offers multiple existing income streams with significant opportunity for additional growth. Own the real estate, own the business, collect apartment income, and have room to expand—all from one turnkey property in the heart of Rangely. WATCH THE PROPERTY VIDEO TO EXPERIENCE THE LAUNDROMAT, APARTMENT, FLEX SPACE, AND FULL POTENTIAL OF THIS PROPERTY!
Exterior Features

Lot Features Corner Lot Lot Size Dimensions 101x102 x101x102

Property Features

Possible Use Industrial Manufacturing Office Other Recreational Retail Service See Remarks Warehouse Wholesale Property Sub Type Building Tax Annual Amount 2281 Zoning Description Commercial

Listing courtesy of The Joe Reed Team of REED REAL ESTATE GROUP, LLC: 970-970-7333.
© 2026 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Distinctive Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Distinctive Properties. Data last updated 2026-09-10T09:15:21.967 UTC.

 
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131 N 6th Street, Suite 200
Grand Junction CO, 81501