Spa & Wellness Property with Treatment
234 - 236 Spring Street, Jeffersonville, IN 47130
For Sale
Contact for pricing
Commercial, Jeffersonville, IN
Property Size4,064 SF
Lot Size0.18 Acres
Price / SF$0.00
Days on Market93
Property Features for 234 - 236 Spring Street
General Information
Property type
Property subtype
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Number of units
Listing Agency:
Keller Williams Realty Consultants
(812) 944-7024
Listed By:
Brian Haeseley · License IN RB14040159
(502) 269-6898
Added: Aug 10
Changed: Nov 8
Last Checked: Nov 10 at 7:06PM
MLS# 202609159
Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 234–236 Spring Street, this spa and wellness property combines two adjoining addresses within a 4,064-square-foot commercial space. The interior includes open chair areas alongside enclosed rooms configured for private spa areas, supporting both shared and more secluded service settings. The property was built in 1960 and occupies approximately 0.18 acres in Jeffersonville, Indiana.
The existing setup is suited to a full-service beauty salon operation. Equipment and merchandise associated with the current business are available separately, while the tenant is retiring after operating at the location for years. The two-address configuration and combination of open and private areas provide a defined commercial layout for continued wellness or beauty-related use.
The existing setup is suited to a full-service beauty salon operation. Equipment and merchandise associated with the current business are available separately, while the tenant is retiring after operating at the location for years. The two-address configuration and combination of open and private areas provide a defined commercial layout for continued wellness or beauty-related use.
Key Highlights
- 4,064‑square‑foot spa and wellness property
- Two adjoining addresses: 234 and 236 Spring Street
- Open chair areas plus enclosed rooms for private spa areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,056
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,120
$981.1K
Cap Rate 7%
$700,800
$700.8K
Cap Rate 9%
$545,067
$545.1K
Market Conditions
NOI Build-Up for 4,064 SF
Gross rent
$73.2K $18.00/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$70.1K $17.24/SF
− OpEx
−$21.0K −$5.17/SF
NOI
$49.1K $12.07/SF
Area
Clark County, IN
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,120
Cap Rate 7%
$700,800
Cap Rate 9%
$545,067
Alternative Uses
Best Use
Retail
$700.8K
$613.2K – $817.6K
NOI $49,056 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,711 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
TownePlace Suites by Marriott Louisville North
Hotels & Casinos
1,748 visits/mo
0.3 miles
Demographics for 47130, IN
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Steven Hoffman, DC — 502 E Court Ave, Jeffersonville, IN 47130
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Two adjoining addresses offer open service areas and enclosed rooms for private spa services.
Where is this spa & wellness property located?
The property is located at 234 - 236 Spring Street Jeffersonville, IN.
What are key features of this property?
This property features: 4,064‑square‑foot spa and wellness property; Two adjoining addresses: 234 and 236 Spring Street; Open chair areas plus enclosed rooms for private spa areas
