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    Move-in Ready Salon or Retail Title is generated by Realmo AI

    2504 Veterans Memorial Pkwy S, Lafayette, IN

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    Well-maintained salon suite adaptable for retail or service uses.

    Type:RETAIL
    Property size:
    2,817 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $154/SF
    Added:
    Sep 4, 2025
    Days on Market:
    280
    Last Refresh:
    May 20 at 9:16 pm

    Property Features for 2504 Veterans Memorial Pkwy S

    General Information

    Standard status
    Active
    Size
    2,817 SF
    Lot size
    0.16 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 2504 Veterans Memorial Pkwy S Contact us

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    Listing Contact
    Bri Powell
    Bri Powell

    Listing agent Bri Powell

    Listing office TruVant Realty

    Listing date Sep 4, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of TruVant Realty

    HighLights

    • Move‑in ready condition for salon operators or adaptable for other retail/service uses.
    • 12 fully equipped hair stations included.
    • Plumbing and ventilation already in place for 3 pedicure chairs and plumbing for 3 shampoo bowls.
    • Includes 3 nail stations.
    • Features 5 private rooms, 2 with existing plumbing.
    • Equipped with 2 ADA‑compliant restrooms.

    Overview

    This well-maintained 2,817-square-foot suite, formerly a full-service salon, is suitable for a salon operator or adaptable for various retail or service uses. The property features 12 fully equipped hair stations, 3 nail stations, and plumbing and ventilation for 3 pedicure chairs. It also includes plumbing for 3 shampoo bowls, a breakroom with washer and dryer hookups, and 2 ADA-compliant restrooms. The suite has 5 private rooms, 2 of which have plumbing in place. This property offers exceptional value and a functional buildout for a salon, spa, or wellness center, and it can be converted for other retail or service purposes.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $42.3k $15.00
    − Vacancy −$1.9k −$0.66
    EGI $40.4k $14.34
    − OpEx −$12.1k −$4.30
    NOI $28.3k $10.04
    2,817 SF · lease $15.00/SF/yr · vacancy 4.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $404.0K
    $353.5K – $471.3K (±1% cap)
    NOI $28,277 @ 7.0% cap · market cap 6.50%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $650.4K
    $569.1K – $758.8K (±1% cap)
    NOI $45,526 @ 7.0% cap · market cap 10.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nails By Deziree Hair Salon Brows by Dez Medical Clinic Andrea Staley Skin ... Spa & Massage Center Candoor Payroll & HCM Accounting Firm The Back-Porch Salon Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Tippecanoe
    State
    Indiana
    Longitude
    -86.8671
    Latitude
    40.3677

    FAQs

    What type of property is this?
    Retail space - Well-maintained salon suite adaptable for retail or service uses.
    Where is this retail space located?
    The property is located at 2504 Veterans Memorial Pkwy S Lafayette, IN.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: Move‑in ready condition for salon operators or adaptable for other retail/service uses.; **12 fully equipped hair stations included.**; Plumbing and ventilation already in place for 3 pedicure chairs and plumbing for 3 shampoo bowls.
    (765) 426-2339 Call to check price and availability
    More about this property
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