FOR LEASE!! Price listed is for entire building. 1st floor office/retail. 2nd/3rd floor apartment. Currently looking to lease entire building as one but may consider either floor separately. Apartment has its own entrance and both are separately metered. Landlord pays water , sewer and trash.
Own a downtown landmark and the opportunity that comes with it! The Grand at 138 E Market Street combines timeless character, an established event business, and an exceptional setting in historic downtown New Albany. This fully operational, income-producing venue hosts weddings, receptions, proms, corporate gatherings, and private celebrations, with a versatile layout and distinctive architectural details that create a memorable backdrop for every occasion. Convenient access to Louisville and major highways attracts local and regional clientele. The turnkey sale includes more than $200,000 in inventory and equipment, including tables, chairs, linens, kitchen equipment, coolers, prep equipment, a press, and more providing the essentials to continue operations and bring your vision to life. The City of New Albany has discussed potential restoration and updates to the iconic marquee and exterior sign; however, timing and completion have not been confirmed. Ongoing downtown revitalization and potential business incentives add to the opportunity for a new owner to build on The Grand's established presence. Explore the possibilities and make The Grand's next chapter your own!
Excellent commercial investment opportunity offering three solid leases, $220,000 in annual net operating income, and an asking price reflecting a nearly 8% capitalization rate. Situated on a corner lot in a high-traffic area, this property features strong visibility and ample parking. The lease portfolio includes Dollar General with five years remaining, national tenant Bumper to Bumper, and a master lease guaranteed by the current owner for five years. Investors also have the opportunity to place their own tenant in the master-leased space at a higher rental rate, creating potential for increased income and long-term value. An attractive combination of established tenants, income stability, and leasing upside. All lease details are on file and are available upon request
Welcome to The Grand, a beautifully maintained, fully operational event venue in historic downtown New Albany. Located at 138 E Market Street, this established, income-producing property hosts weddings, receptions, proms, corporate functions, and private events. Its versatile layout, timeless architectural details, and convenient location near Louisville and major highways attract local and regional clientele. The turnkey sale includes more than $200,000 in inventory and equipment, including tables, chairs, linens, a stocked kitchen, coolers, prep equipment, a press, and more. The City of New Albany plans to restore and update the iconic marquee and exterior sign, enhancing curb appeal. Downtown revitalization and available business incentives offer additional upside.
If you are looking for a free-standing building in a prime business location this is the property for you! Zoned mixed-use for commercial / residential use, this beautifully renovated property is ideally located on the corner of State Street and Conner Avenue, just two blocks south of Floyd Memorial Hospital, minutes from downtown, and with easy access to I-64 and I-265. Originally built in 1929, the building has been completely renovated from top to bottom and features beautiful interior finishes. Formerly used as a medical office, the versatile space is well suited for a variety of business opportunities, including a medical or dental practice, wellness or medical aesthetic services, insurance agency, law office or a live / work environment. The property offers separate entrances, rear parking, a handicap-accessible ramp and handicap parking. The Seller welcomes inspections; property is being sold AS-IS
Rare riverfront opportunity on 3 acres along the Ohio River in New Albany, IN. Currently operating as River's Edge Dive Bar, this two-level commercial building offers multiple bar areas, a newly updated interior, and an expansive outdoor entertainment area featuring a stage, outdoor bar, string lighting, fire pit, and covered lounge with pool table. The property's generous acreage provides ample room for future expansion, additional structures, or parking. Positioned along New Albany's growing riverfront, the site offers direct access to the Ohio River and sits in an area of continued regional investment, making it a strong opportunity for a restaurant, entertainment venue, or other riverfront concept, whether operated as-is or redeveloped. Sale includes the building and its contents, offering a turnkey opportunity for a buyer to close and reopen immediately. Ideal for an owner-operator or investor looking to capitalize on the area's continued growth.
Flexible investment property located on a corner lot off of Charlestown Rd in New Albany. The main floor of the property hosts open space, a great blank canvas with two half bathrooms, one being handicap accessible. The main floor also hosts a kitchen with commercial sink and plenty of prep space. Multiple storage areas, perfect for specialty retail or supply. A second floor 1 Bedroom, 1 Bath apartment with a parking space provides opportunity for additional income. Fantastic location with dedicated parking and many possibilities.
Excellent mixed-use investment opportunity in New Albany's growing Vincennes Street Up Town business district! Whether you're an investor seeking multiple income streams or an entrepreneur looking for the perfect live/work setup, this versatile property delivers. The commercial space offers nearly 1,200 square feet and is currently configured as a successful beauty salon with room for 5-7 styling stations, two shampoo stations, 2 half baths, and a break room. The flexible floor plan could easily accommodate a salon, barbershop, spa, boutique, office, retail business, professional services, or many other small retail uses. The property also includes a private one-bedroom apartment of over 500 square feet with its own entrance, rear parking pad, and a cozy green space ideal for generating additional rental income, housing an employee, or owner occupancy. Located in an area experiencing continued revitalization and growth, this property offers outstanding visibility, off-street parking, and endless possibilities. Own your business, offset your expenses with rental income, or add a unique mixed-use property to your investment portfolio. Opportunities like this don't come along often!
Establlish your business in one of downtown New Albany's most visible and convenient locations. Approximately 800-2866 square feet of first-floor commercial space available within a distinctive historic mixed-use building at 213 Pearl St. The premises feature tall ceilings, strong storefront exposure, and excellent visibility along Pearl St. The open and adaptable layout provides an exceptional setting for retail, professional office, boutique, gallery, showroom, studio, or service-based commercial use. The owner will consider dividing the premises to create a smaller tenant space. The proeprty is located within proximity to Main St and downtown New Albany's established collection of restaurants, retailers, entertainment venues, and professional businesses. The surrounding area continues to benefit from significant investment and redevelopment, including new residential construction and expanding retail and hospitality activity. With a prominent first-floor position and immediate access to the downtown business community, 213 Pearl St. offers tenants an opportunity to establish a compelling presence in New Albany's growing central business district.
***NOW OFFERING FLEXIBLE OWNER FINANCING*** Presenting a rare opportunity to acquire a flagship mixed-use asset in the heart of historic downtown New Albany.? 145-151 E Main St underwent a comprehensive luxury renovation in 2023, transforming this iconic structure into 10 high-end residential apartments and a commanding 5,800 SF ground-floor commercial space complete with a fully equipped commercial kitchen.? This property is 100% leased with gross rents over $222,000 annually.? Positioned along the vibrant Main Street corridor and just minutes from downtown Louisville, this best-in-class property offers exceptional tenant appeal, walkable amenities, and strong long-term upside in a supply-constrained submarket.? This area has experienced substantial revitalization over the past 15 years, with the introduction of urban living spaces, cultural venues, and a variety of dining and entertainment options, contributing to the district's vibrant community atmosphere.? This marquee investment opportunity is ideal for investors seeking an institutional-grade, turnkey asset in a thriving urban setting.? Follow below link to view google map, once the map opens, click 3D in the lower right corner of the screen: https://earth.?google.?com/earth/d/1l6ritEoMD1P7Sx9IQlfpqMgGhw5s7ey9?usp=drive_link If interested in seeing financials, please follow link below to CA: https://docs.?google.?com/forms/d/e/1FAIpQLScIpFXoUw_XUi12dxCFEvUY0MXm5_Qp7xCxDa1idiwzZIbtrQ/viewform?usp=sharing
Commercial opportunity in the heart of New Albany! This expansive 6096 square foot building, currently serving as a church, presents endless possibilities as an ideal meeting center. With 2 bathrooms, 1 kitchen, and 5 office spaces, this property is thoughtfully designed to accommodate diverse needs. The Sanctuary, boasting a seating capacity of 100 people, provides a versatile space for gatherings, events, and community activities. Enjoy the convenience of great gas heating and efficient rooftop cooling units to ensure comfort year-round. Convenience meets practicality with the inclusion of a small paved parking lot, enhancing accessibility for visitors and ensuring a seamless experience. Don't miss out on the potential this property holds for creating a dynamic and welcoming hub in the heart of the community. Seize the opportunity to transform this space into a vibrant meeting center tailored to your vision! Building Is Actually A Tri-level Concrete Block Construction With 2 Gas Furnaces & C/A Units, 2 Restrooms, Kitchen Area W/Large Meeting Room In Lower Level; Exit Doors From All Levels. Large Room Ground Level 40x32 +/- 14' Ceilings. 100% Exemption On Taxes. sq ft is approximate if critical buyers should verify
Located in the heart of downtown New Albany, 301 E Elm St offers a rare opportunity to acquire a ±10,702 SF office building with approximately 49 off-street parking spaces, a significant competitive advantage for the submarket. The property is currently vacant, making it ideal for an owner-user, or an investor seeking to reposition or lease up a well-located downtown asset. The building’s layout supports single-tenant or multi-tenant configurations, with flexibility for professional office, medical, creative office, or adaptive reuse concepts (buyer to verify zoning and use). Positioned within an Opportunity Zone, the asset may provide meaningful tax advantages for qualifying investors. The surrounding downtown corridor continues to benefit from ongoing revitalization, strong local amenities, and proximity to Louisville via nearby bridges. With strong visibility, walkability to restaurants and services, and parking that exceeds typical downtown offerings, this property presents a compelling value-add or owner-occupant opportunity in a growing Southern Indiana market. The property is located in a federally designated Opportunity Zone. The designation has been confirmed using the U.S. Treasury Opportunity Zone map and third-party mapping tools commonly used by CPAs and Opportunity Funds. Verification materials are available upon request.
Rare commercial opportunity in the heart of New Albany! This property offers the chance to own a well-located commercial lot with a variety of landscaping tools and equipment included in the sale, making it ideal for contractors, landscapers, or business owners looking to expand their operations. Situated in an established industrial area with convenient access to major roadways, the property provides excellent potential for a wide range of commercial uses. Equipment and tool inventory available upon request. Don't miss this unique opportunity to invest in a versatile commercial property with valuable assets included.
Located in the heart of downtown New Albany, 301 E Elm St offers a rare opportunity to acquire a ±10,702 SF office building with approximately 49 off-street parking spaces, a significant competitive advantage for the submarket. The property is currently vacant, making it ideal for an owner-user, or an investor seeking to reposition or lease up a well-located downtown asset. The building’s layout supports single-tenant or multi-tenant configurations, with flexibility for professional office, medical, creative office, or adaptive reuse concepts (buyer to verify zoning and use). Positioned within an Opportunity Zone, the asset may provide meaningful tax advantages for qualifying investors. The surrounding downtown corridor continues to benefit from ongoing revitalization, strong local amenities, and proximity to Louisville via nearby bridges. With strong visibility, walkability to restaurants and services, and parking that exceeds typical downtown offerings, this property presents a compelling value-add or owner-occupant opportunity in a growing Southern Indiana market. The property is located in a federally designated Opportunity Zone. The designation has been confirmed using the U.S. Treasury Opportunity Zone map and third-party mapping tools commonly used by CPAs and Opportunity Funds. Verification materials are available upon request.
Attention investors — turnkey income with built-in upside! This well-maintained 8-unit multifamily offers a versatile mix built for strong rental demand: six studios, one 1-bedroom/1-bath, and a spacious 2-bedroom/2-bath. Big-ticket items are already done — all electric and gas stove pipes updated in 2023, with multiple apartments renovated since 2023 featuring fresh neutral paint, durable luxury vinyl plank flooring, refreshed kitchens with painted cabinetry and updated hardware, gas ranges, refrigerators, and microwaves, plus updated baths with new vanities and fixtures. Classic character shines through with five-panel doors, craftsman-style trim, and a decorative fireplace mantel. Tenants enjoy abundant natural light, ceiling fans, ample closet storage, radiator heat, window AC units, and in-unit laundry in the largest unit. Currently 75% occupied with varying rent rates and clear room to grow rents — lease the remaining units and bring rates to market for instant value-add. Even more upside: an unused garage and additional space to build out next to the Dollar Store offer expansion potential, and the City of New Albany is slated to update the sidewalks and street along Vincennes — improvements coming right to your doorstep. Whether you're growing your portfolio or making your first multifamily move, this 8-plex hits the sweet spot: enough doors to spread risk, small enough to self-manage. Request the rent roll and schedule your showing today!
An iconic building building with a very distinctive look offering a very prestigious presence along the row of historic buildings in this Historic Downtown District known as Downtown New Albany. This listing is for the building as a real estate sale only. There are 2 parcels and the second parcels is the outdoor patio area. What a bonus! The patio adjoins the City Pak where they often have events and functions ro include the summer concerts. Customers can enjoy the patio or a very comfortable bar and dining area inside which on occasion also offers entertainment. The business (winery and equipment) is available for sale as a separate transaction as the bldg owner is a 50/50 partner. Any discussions about the business availablity and information etc should be directed to the Listing Broker who then will set up the discussion for the business owners as to their intentions if the building is purchased. The winery/restaurant in operating and occupies the 1st and lower level where they actually make and store barrels of wine. Currently the building owner has private living space and has been working toward having potentially another separate living space, unit or possibly an AirBnb operation. Living space has private entry at street level in the front and back of the building. give me a call, lets take a look.
207 & 209 E. Main Street presents a fully leased mixed-use investment opportunity in the core of Downtown New Albany’s rapidly expanding urban corridor. The historic three-story asset has been comprehensively renovated and professionally managed by The Resch Company, creating a stabilized mixed-use investment with strong operational history and long term ownership stewardship. Positioned directly across from The Oxbow, a Denton Floyd Real Estate Group and The Wheatley Group’s new 43 unit luxury mixed use development with Class A office and retail space; the property also benefits from proximity to The Resch Company’s luxury townhome development with projected pricing in the $700s. These surrounding developments continue to reinforce the long term investment trajectory and residential demand growth within Downtown New Albany. Originally constructed circa 1885, the property offers investors a stabilized urban mixed-use asset with diversified income streams, strong walkability, and continued upside tied to ongoing downtown redevelopment activity.
Professional Office in 2370 sq. ft. Historic Queen Anne Built 1929; $700 monthly for 2nd floor single office (approx. 13x13), 1 available; all inclusive rent with access to all common areas of the office. The conference room is also furnished with a 75" monitor with both wired and wireless connectivity. The kitchen has has a gas stove, drink service for tenants and their clients , microwave, dishwasher, and refrigerator. There is a break room beyond the kitchen and contains 4 arcade cabinets for tenants and their clients. A public restroom is available on the first floor There is an additional first floor computer lab, furnished with 4 workstations that are available for use and a network copier/printer/scanner with high speed remote access color printing. The second floor contains three offices and a private restroom. Each office contains a 65" monitor with both wired and wireless connectivity. There is also a side entrance that leads directly upstairs to the office. A Ring security system is installed with cameras located in the first floor common areas of the office and on the exterior of the building for additional security Plenty of parking for tenants and clientele with on street parking out front, off street parking in back. Utilities are included in rent, as is Wi-Fi Internet. Office building is professionally cleaned weekly and the office grounds are professionally cut every 10 days.
$25,000 seller credit if an offer is accepted by 9/15/26. Great investment opportunity! This 5-unit property offers immediate income with additional upside potential. Strong rental demand in the area provides an opportunity to increase rents and improve the overall return. Ideal for both seasoned investors and those looking to expand their portfolio. Seller is motivated and open to reviewing all reasonable offers. Flexible terms are possible, including closing cost assistance or creative financing options for qualified buyers. A rare chance to acquire a multi-unit property with value-add potential in a growing market. This 5-unit apartment building offers a rental portfolio with a variety of floor plans. Unit 4 features 3 bedrooms and 3 full baths, while Units 1, 2, and 3 each offer 2 bedrooms and 2 baths—Unit 3 being the only upstairs unit with private deck entry. Unit 5 is a cozy 1 bedroom, 1 bath on the first floor. All units are individually climate-controlled with efficient mini-split systems. A great option for investors seeking consistent rental income with modern amenities already in place.
What a great location for your next dream or reopen the old doughnut shop that has been a part of the East end of New Albany for many years. Large parking lot in the rear with a dive thru window. A free standing building at a great location for an office or retail. Hood system, freezers and other equipment can remain at no added value.
Excellent opportunity in the heart of downtown New Albany! This versatile commercial property is situated on a corner lot and was last used as a used clothing and home goods storefront. The building offers a spacious open floor plan with ample lighting, a large, handicapped-accessible bathroom, and a kitchen area equipped with a large island and commercial sinks. Four dedicated parking spaces are located on-site for added convenience. A bonus efficiency apartment is located at the rear of the building, featuring 1 bedroom, 1 full bath, a kitchen, and a living room. This space presents a great opportunity for rental income or live/work use. Apartment parking is also available. Ideal location with high visibility and flexible space suitable for a variety of uses. Buyer to verify zoning and intended use. Sq ft & room sizes approx.
Road Frontage from two corner lots. Plenty of interior and exterior Space for all of the plans you have in mind. Open warehouse/manufacturing space, Out buildings including a Lean-to w/ multiple bays for vehicles/equipment/materials, & Office/Storage space. Approximate square footage of improvements: Sheds: 10,930 Barns: 3,056 Weld Shop: 348 Garages: 2,600 Main Building: 18,924 Saws and equipment are negotiable TR Zoning, Mixed Use.
1.233 acres. vacant land. LOCATION, LOCATION, LOCATION!!!!!! Perfect for a restaurant, strip center, office, retail, multifamily. Bring your vision and be a part of the Grantline Road revitalization. Many existing businesses around this area could complement your next project. Across from vacated rail road tracks that is part of the NEW trail . Parcels included are 22-05-02-300-106.000-008, 22-05-02-300-107.000-008, 008-42100-28. in front of the NEW Indiana trail that is coming in the very near future
ONLINE AUCTION ONLY. Bidding Starts March 10, 2025 @ 12 pm and Auction ends March 19, 2025 @ 8pm. OPEN HOUSE/INSPECTION SUNDAY MARCH 9, 2025, 3-5 pm. Business opportunity in a high traffic count area with over 16,000 per day. Conveniently located 1.5 miles from I-265 and 2.6 miles from I-65. Beautifully remodeled 1942.6 sq. ft. Bedford stone house converted to office space on one acre. Six rooms/spaces, 1.5 bathrooms, and kitchen. Finished upstairs area adds to the possibilities of growing your business (no heat/air). Full unfinished basement with indoor and outdoor entrances. Breezeway between house and 2 car garage. 50x60 parking lot with ramp to the front entrance. New roof, soffits, gutters, doors, windows, drywall, led lighting and flooring. Zoned with an office exception. Buyer to verify zoning meets their requirements. Personal items, refrigerator and tenant's equipment do not stay. Seller is a licensed real estate agent. Being sold as-is to the highest bidder. See Terms and Conditions at WardAuctionServices.com.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
Information is provided exclusively for consumers personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026, Southern Indiana Realtors Association. All rights reserved.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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New Albany is located in Indiana. New Albany, Indiana has a population of 37,350. New Albany is less family-centric than the surrounding county with 23.58% of the households containing married families with children. The county average for households married with children is 28.25%.
The median household income in New Albany, Indiana is $49,429. The median household income for the surrounding county is $69,858 compared to the national median of $69,021. The median age of people living in New Albany is 38.8 years.
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 25.9 degrees. The average rainfall is approximately 44.5 inches per year, with 7.8 inches of snow per year.
