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12023 E Washington Street

Indianapolis, IN 46229

ActiveListed Sep 1, 2026 · 1 day on market

Key facts

Living area
1,936 sqft
Lot
0.13 acres
Year built
1923
Type
Commercial Sale · Retail
MLS #
22106766
County
Marion
Total building area
1,936 sqft

About this home

Established commercial property in the heart of Historic Cumberland! Home to Shear Experience since 1995, this well-maintained property offers an excellent opportunity for an owner-user seeking a turnkey salon or versatile space for a variety of small business uses. The main level is currently configured as a full-service hair salon with three double-sided styling stations that can quickly accommodate up to six individual workstations, multiple shampoo stations, reception and waiting areas, restroom and additional workspace. Salon furniture and equipment are available, providing the opportunity to step into an established location with minimal build-out. Additional upper-level spaces offer flexibility for offices, studio space or storage, while the basement provides additional storage and mechanical space. Approximately 10 dedicated parking spaces, prominent signage and excellent visibility along high-traffic E. Washington Street provides convenient access and exposure for clients and employees. Approximately 17,000 vehicles per day (2025 INDOT AADT). Seller reports average booth rental rates in the area of approximately $600 per chair per month, offering additional income potential for a salon operator. Just minutes from I-70, continue its long-standing salon use or reimagine the property for another small business-an excellent owner-user opportunity in an established commercial corridor.

Description provided by the listing brokerage.

Exterior

Roof
Shingle
Parking and garage
Gravel
Fencing
PartialFront Yard
Other equipment
Sump Pump

Systems

Heating
Forced Air
Cooling
Central Air
Utilities
Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
COM SMALL DET RETAIL (-10

Schools

School district
MSD Warren Township

Taxes

Estimated annual tax
$7,286 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,494per month, estimated
Principal and interest $1,764Property tax $607Insurance $123
20% · $70,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$350,000
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