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    1620 E Market St New Albany, IN 47150

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    For Sale
    $325,000

    Completely renovated office building with historic charm and modern amenities.

    Property size:
    2,520 SF
    Lot size:
    0.06 Acres

    Property Features for 1620 E Market St

    General Information

    Size
    2,520 SF
    Lot size
    0.06 Acres

    Source: Coldwell Banker Commercial McMahan Co. Agent Julie Knotts

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

    Overview

    Renovated Office Building in New Albany

    This completely renovated two-story office building is located in the historic downtown area of New Albany. The property retains its original character with exposed brick walls and some original hardwood features, while also offering modern updates suitable for business operations. The layout includes four private offices, two of which have separate exterior entrances, a large conference room, and approximately 800 square feet of open space that can be configured for additional workspace. The property also features two half baths and a common area equipped with a sink and coffee bar for multi-use. Parking options include street parking and additional off-street parking located at the rear of the building. The property is 2,520 square feet and is set up for office suites or co-working space, offering various possibilities for use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clear To Close Mortgage Mortgage Broker

    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.

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.8062568
    Latitude
    38.2899733

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    FAQs

    What type of property is this?
    Office building - Completely renovated office building with historic charm and modern amenities.
    Where is this office building located?
    The property is located at 1620 E Market St New Albany, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Completely renovated office building in historic downtown New Albany.; - Mix of original character, like exposed brick and hardwood, with modern updates.; - Includes 4 private offices (two with separate entrances), a large conference room, and an **800 sq ft open workspace**.
    (502) 523-8043
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    1620 E Market St 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
    1620 E Market St New Albany, IN 47150
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