25 W 9th Street Lapel, IN $ 124,900
25 W 9th Street
$ 124,900
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25 W 9th Street

Lapel, IN, 46051
$ 124,900
Bedrooms-- Baths-- Sq 472

Monthly Estimate*

$ 863

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Commercial Property for sale in Lapel, IN

for $124,900. This 472 square foot building was built in 1940 on a lot size of 0.15.

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.

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Commercial Active

Price

$ 124,900

Property Type

Commercial

Taxes

$ 802

Style

Retail

Lot Size

0.15

Year Built

1940

Town/City

Lapel

County/Region

Madison

MLS | Web ID

22132182

Features
General
Heating Electric Forced Air
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Possession Negotiable Subject To Tenant Rights
Roof Built-Up Rubber
Zoning Retail
Year Built 1940
Electric 200+ Amp Service
View Downtown
Stories Count 1
Township Stony Creek
Property Subtype Retail
Tax Year 2025
Current Use Retail
County Madison
Net Operating Income 7250
Insurance Expense 800
New Construction N
Property Type Commercial Sale
Facing Direction West
Possible Use Retail
Status Active
Directions GPS Friendly
High School Lapel Sr High School
City Lapel
High School District Frankton-Lapel Community Schools
MLS Area 4809 - Madison - StonyCreek
Lot Size Square Feet 6708
Middle/Junior High School Lapel Middle School
Additional Parcels Y/N N
Standard Status Active
Tax Lot 2A
Cap Rate 7
Legal Description Wrights 1st Replat Lot 2A .154Ac
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Exterior
Parking Features Gravel
Building Area Total 472
Lot Size Acres 0.15
Waterfront Y/N N
Other Equipment List Available
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* Excluded Features
List By
Myers Real Estate

Broker

sean@myersagency.com

Email

Affordability Calculator

$929
Per Month
93%
7%
0%
Monthly Principal & Interest
$863
Monthly Property Taxes
$67
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4046622 Elementary School
4048580 Middle School
Lapel Sr High School High School
Pricing History
DatePricePrice ChangeDescription
10/19/2026$124,900 Listed Price

Map


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25 W 9th Street, Lapel, IN, 46051 is a Commercial Property for sale at $124,900 with 472 sqft and a lot size of 0.15. 25 W 9th Street was built in 1940. The property's zip code is 46051 which is in Lapel, IN