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    1945 Indiana Ave New Albany, IN 47150

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    For Sale
    $229,900

    Corner lot property with storefront and bonus efficiency apartment.

    Property size:
    3,816 SF
    Lot size:
    0.09 Acres

    Property Features for 1945 Indiana Ave

    General Information

    Size
    3,816 SF
    Lot size
    0.09 Acres

    Source: NextHome Wilson Real Estate Agent Stephannie Wilson

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

    Overview

    Versatile Commercial Property with Apartment

    This commercial property is located in downtown New Albany on a corner lot. Previously used as a used clothing and home goods storefront, the building features a spacious open floor plan with ample lighting. It includes a large, handicapped-accessible bathroom and a kitchen area equipped with a large island and commercial sinks. The property provides four dedicated parking spaces. 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 an opportunity for rental income or live/work use. Apartment parking is also available. The property offers high visibility and flexible space suitable for a variety of uses. The building size is approximately 3,816 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    B Rodewig & Associates Boutique

    Suggested Use

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

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

    Similar Places Nearby

    Aebersold Florist

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.813286
    Latitude
    38.3094182

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    FAQs

    What type of property is this?
    Storefront property - Corner lot property with storefront and bonus efficiency apartment.
    Where is this storefront property located?
    The property is located at 1945 Indiana Ave New Albany, IN.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - Prime downtown New Albany location with high visibility on a corner lot.; - Versatile commercial space suitable for various uses (buyer to verify zoning).; - Bonus efficiency apartment at the rear for rental income or live/work use.
    (502) 643-3062
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    1945 Indiana Ave 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
    1945 Indiana Ave New Albany, IN 47150
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