Key facts
- Living area
- 472 sqft
- Lot
- 0.15 acres
- Year built
- 1940
- Type
- Commercial Sale · Retail
- MLS #
- 22132182
- County
- Madison
- Total building area
- 472 sqft
About this home
This charming, turnkey hair salon is ready for its next owner to step in and thrive. Filled with natural light and modern touches, the three chair layout creates a welcoming environment for clients and stylists alike. The building has been fully updated within the past five years, offering peace of mind and low maintenance. With all chairs rented, the salon could produce up to $1,380/mo in rental income, generating an ~7% cap rate and $7,250 in annual NOI making it a reliable and easy to manage investment. An owner operator could generate an even better return. Expense details available upon request. Don't miss this opportunity to own a cozy, profitable salon that's ready to start earning immediately.
Description provided by the listing brokerage.
Exterior
- Roof
- Parking and garage
- View
- Other equipment
Systems
- Heating
- Cooling
- Utilities
Lot and HOA
- Zoning
- Retail
Schools
- Middle school
- Lapel Middle School
- High school
- Lapel Sr High School
- School district
- Frankton-Lapel Community Schools
Taxes
- Estimated annual tax
- $802 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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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