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    141 E Main St New Albany, IN 47150

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    For Lease
    $795,000

    Purchase or lease opportunity in vibrant downtown New Albany.

    Property size:
    3,374 SF
    Lot size:
    0.08 Acres

    Property Features for 141 E Main St

    General Information

    Size
    3,374 SF
    Lot size
    0.08 Acres

    Source: RE/MAX FIRST Agent Michael A Kopp

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

    Overview

    Downtown New Albany Opportunity

    Located in downtown New Albany, this property presents a purchase or lease opportunity. The first floor, suitable for office, restaurant, or retail use, is currently available for lease, while the second floor is occupied by a tenant. A basement with separate access is available for each of the two tenant spaces. The property is situated across from the new City Hall, in a walkable downtown area that features retailers, urban upscale apartments, restaurants, wineries, breweries, and government offices. Ample street parking is available, and a large, city-owned free parking lot is nearby. The area has seen over $100 million in new developments. The property is located within an Urban Enterprise Zone, Historic District, and Opportunity Zone. Additional incentives may be available, including a $1,000/year three-way liquor license and access to a local low-interest Casino Revolving Loan Fund of up to $50,000. The property has a size of 3374 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    High Street Apothecary Cocktail Bar Disc Golf Mart- ... Sporting Goods Store Disc Crazy Sporting Goods Store Keystone Restoration General Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.8216282
    Latitude
    38.284215

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    FAQs

    What type of property is this?
    Retail space - Purchase or lease opportunity in vibrant downtown New Albany.
    Where is this retail space located?
    The property is located at 141 E Main St New Albany, IN.
    What are key features of this property?
    This property features: - Prime downtown New Albany location across from City Hall.; - Flexible 1st floor space suitable for office, restaurant, or retail use.; - Proximity to $100 Million in new downtown developments.
    (502) 386-9022
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    141 E Main St New Albany, IN 47150
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    New Albany, IN 47150
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    141 E Main St New Albany, IN 47150
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