25 W 9th Street, Lapel, IN 46051

$124,900
472
SqFt

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List Price
$124,900
MLS#
22132182
Property Type
Commercial Sale
Sqft. of Residence
472
Year Built
1940
Days on Market
7
Status
ACTIVE

Property Description

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.

Additional Information

Equipment
List Available
Acres
0.15
Heat
Electric, Forced Air
Cooling
Central Air
Region
Stony Creek

Listing courtesy of Sean Connolly. Myers Real Estate

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.