472 sqft

$124,900

25 W 9th Street, Lapel IN, 46051

Price per sqft$264.62

Built in1940

Property size472 sqft

Property typeCommercial

Courtesy of Myers Real Estate, Sean Connolly Listing Contact:

Overview

Active

Listed Oct 19, 2026

Updated 2 days ago

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

MLS^® ID: 22132182

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.15 Acres

Other Property Details

View: Yes
Municipality: Stony Creek

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