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Storefront Property with Salon Use
New
For Lease
$160,000

3324 Illinois Street, Indianapolis, IN 46208

The operating barber and beauty shop is zoned C-4 and occupies a former single-family residence.

Space SizeContact for details
Days on Market3

Property Features for 3324 Illinois Street

General Information

Standard status Active
Property subtype Commercial
Zoning C-4

Property Condition

Severity Major Repairs Needed
Evidence substantial repairs and improvements needed

Building Details

Year Built 1920
Stories 2
Listing Agency: Bif Ward Real Estate Group
Listed By: Bif Ward
Source: Bifward
Added: Oct 11 Last Checked: Oct 12 at 4:48PM

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 Bif Ward Real Estate Group

Investment Insights

Based on property information with market context.

At 3324 Illinois Street, this storefront property is currently used as an operating barber and beauty shop. Built in 1920, the building was originally configured as a two-bedroom, one-bath single-family residence and carries C-4 zoning.

The property is offered in its current condition, with substantial repairs and improvements needed. The sale includes the real estate only; the business, equipment, furnishings, and trade fixtures are excluded. Remaining non-business contents and debris will stay with the property.

Key Highlights

  • Operating barber and beauty shop in a storefront property
  • C‑4 zoning
  • Built in 1920; originally a two‑bedroom, one‑bath residence

Property Analytics

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Current Use

Moore's Barber & Beauty ... Barber Shop

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Pharmacy Kitchen & Bath Showroom Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

689
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46208, IN

23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Indianapolis, IN

$18.22 /SF/Yr
Avg Asking Price
$9.95–$24 /SF/Yr
Price Range
5,712 SF
Avg Space Size

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019
7.4% 2020
6.4% 2021
5% 2022
4.7% 2023
4.6% 2024
4.8% 2025
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Similar Off Market Nearby

  • Crossroads Floral Delivery — 326 W 30th St, Indianapolis, IN 46208

Frequently Asked Questions

What type of property is this?
Storefront property - The operating barber and beauty shop is zoned C-4 and occupies a former single-family residence.
Where is this storefront property located?
The property is located at 3324 Illinois Street Indianapolis, IN.
What is the lease rate?
The lease rate is $160,000.
What are key features of this property?
This property features: Operating barber and beauty shop in a storefront property; C‑4 zoning; Built in 1920; originally a two‑bedroom, one‑bath residence
More about this property
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