We propose equalization-based data detection algorithms for all-digital millimeter-wave (mmWave) massive multiuser multiple-input multiple-out (MU-MIMO) systems that exploit sparsity in the beamspace domain to reduce complexity. We provide a condition on the number of users, basestation antennas, and channel sparsity for which beamspace equalization can be less complex than conventional antenna-domain processing. We evaluate the performance-complexity trade-offs of existing and new beamspace equalization algorithms using simulations with realistic mmWave channel models. Our results reveal that one of our proposed beamspace equalization algorithms achieves up to 8x complexity reduction under line-of-sight conditions, assuming a sufficiently large number of transmissions within the channel coherence interval.