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Listed by Douglas Martin • Compass Indiana, LLC
$ 350,000
Est. payment /mo
New
12023 E Washington ST Indianapolis, IN 46229
1,936 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,936 sqft
Price per Sqft $180
MLS Listing ID 22106766
Year Built 1923
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Retail
Property Description
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.
Location
State IN
County Marion
Zoning COM SMALL DET RETAIL (-10
Interior
Heating Forced Air
Cooling Central Air
Equipment Other, Sump Pump
Fireplace N
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Shingle
Building
Story 1
New Construction false
Schools
School District Msd Warren Township
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