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    313 E Spring St New Albany, IN 47150

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    For Lease
    $3,200 /Mo ($14 SF/Yr)

    Retail space with upstairs apartment for rent.

    Property size:
    2,586 SF
    Lot size:
    0.03 Acres

    Property Features for 313 E Spring St

    General Information

    Size
    2,586 SF
    Lot size
    0.03 Acres

    Source: Southern Homes Realty Agent Jared Housier

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

    Overview

    Mixed-Use Property with Retail Space

    This mixed-use property features a large, open retail space suitable for a variety of businesses or office uses. The first floor includes a private kitchen and break room in the rear. A full, unfinished basement provides ample storage. The property also includes a two-bedroom, one-bathroom apartment upstairs, complete with in-unit laundry. The total property size is 2586 square feet. The owner seeks a single tenant for both the retail space and the apartment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apex Tattoo Collective Tattoo Shop Friends Salon Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -85.8204851
    Latitude
    38.2870822

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    FAQs

    What type of property is this?
    Retail space - Retail space with upstairs apartment for rent.
    Where is this retail space located?
    The property is located at 313 E Spring St New Albany, IN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Live/Work Space: Combines retail/office space with a 2-bedroom apartment.; - Large Open Retail Space: **Suitable for various businesses or office use.**; - Private Kitchen and Break Room: Dedicated space for staff or personal use within the retail area.
    (502) 822-6018
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    313 E Spring 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
    313 E Spring St New Albany, IN 47150
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