Save up 40-80K. Hire a Kitchen Designer. Do your research in the mean time. But do absolutely nothing for 6 months. You don’t have room for an island. And the kitchen isn’t as bad as you think it is.

First, is there another area you can move the washer and dryer too? Currently you don't have enough room for an island if you are using all three walls - without measurements you're not going to get a lot of professional advice but you should look around your area and find yourself a reputable kitchen designer. There appears to be excellent opportunity to improve your layout - a professional will help.

Thanks for the answer KR. I wanted to add a wall between the laundry room and kitchen. It’s not wide (9’1 ft) but it’s fairly long

You definitely should live in the home for 6 months so you can rally see what you will like and dislike and need. In the meantime you can find a GOOD kitchen designer to help show you the potential of this space.

Good luck!