12023 E Washington Street Indianapolis, IN $ 350,000
12023 E Washington Street
$ 350,000
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12023 E Washington Street

Indianapolis, IN, 46229
$ 350,000
Bedrooms-- Baths-- Sq 1,936

Monthly Estimate*

$ 2,417

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Commercial Property for sale in Indianapolis, IN

for $350,000. This 1,936 square foot building was built in 1923 on a lot size of 0.13.

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.

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Commercial Active

Price

$ 350,000

Property Type

Commercial

Taxes

$ 7,286

Style

Retail

Lot Size

0.13

Year Built

1923

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22106766

Features
General
Heating Forced Air
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Negotiable
Roof Shingle
Zoning COM SMALL DET RETAIL (-10
Year Built 1923
Electric 200+ Amp Service
Stories Count 1
Township Warren
Property Subtype Retail
Tax Year 2025
Current Use Retail
County Marion
New Construction N
Property Type Commercial Sale
Facing Direction North
Possible Use Retail
Status Active
Directions GPS Friendly
City Indianapolis
High School District MSD Warren Township
MLS Area 4905 - Marion - Warren
Lot Size Square Feet 5568
Standard Status Active
Tax Lot 49-09-03-128-004.000-724
Legal Description Fullers 2nd East Add To Cumberland L1 B5 & 10Ft S& Adj
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Exterior
Fencing Partial Front Yard
Parking Features Gravel
Building Area Total 1936
Lot Size Acres 0.13
Road Surface Type Asphalt
Road Frontage Type State Road
Other Equipment Other Sump Pump
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* Excluded Features
List By
Compass Indiana, Llc

Broker

doug.martin@compass.com

Email

Affordability Calculator

$3,025
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,417
Monthly Property Taxes
$607
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
4044999 Elementary School
4045048 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/1/2026$350,000 Listed Price

Map


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12023 E Washington Street, Indianapolis, IN, 46229 is a Commercial Property for sale at $350,000 with 1,936 sqft and a lot size of 0.13. 12023 E Washington Street was built in 1923. The property's zip code is 46229 which is in Indianapolis, IN