Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    320 E Elm St New Albany, IN 47150

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $795,000

    Updated office building in revitalized downtown area with parking.

    Property size:
    4,712 SF
    Lot size:
    0.24 Acres

    Property Features for 320 E Elm St

    General Information

    Size
    4,712 SF
    Lot size
    0.24 Acres

    Source: Lopp Commercial Brokers Agent Todd Paxton

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

    Overview

    Downtown New Albany Office Building

    This updated office building is located in the revitalized area of Downtown New Albany. The property offers over 4,700 square feet of space and includes 10 off-street parking spots, with additional parking available at the curb. The building features frontage on E Elm Street and 4th Street. The interior layout comprises a lobby, 7 offices, 2 conference rooms, 2 restrooms, a kitchen, and closets. The property is accessible via 4 exterior doors, potentially accommodating multiple users. The current business is relocating, and office furniture is negotiable.
    Location Intelligence

    Current Use by Public Records

    EPayroll Resource Group Payroll Service

    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
    -85.8206005
    Latitude
    38.2878312

    Nearby Similar for Sale

    • $799,000
      5,955 SF

      Historic New Albany Commercial Building

      Majestic Greek Revival building with grand ballroom and unique skylight.
      203 E Main St, New Albany, IN 47150
      View Details
    • $399,000
      1,896 SF

      Historic Downtown Townhome Opportunity

      Versatile property in historic downtown New Albany, Indiana.
      224 E Main St, New Albany, IN 47150
      View Details
    • $3,095,000
      28,044 SF

      Well-Maintained Industrial-Office Building For Sale

      28,000+ SF industrial-office building built in 2016/2017.
      4302 Security Pkwy, New Albany, IN 47150
      View Details
    • $2,000,000
      2,250 SF

      NNN Leased PNC Bank

      NNN leased PNC Bank in rapidly growing retail hub.
      2014 State St, New Albany, IN 47150
      View Details
    • $229,900
      3,816 SF

      Versatile Commercial Property with Apartment

      Corner lot property with storefront and bonus efficiency apartment.
      1945 Indiana Ave, New Albany, IN 47150
      View Details
    • $699,000
      4,961 SF

      Renovated Commercial Property For Sale

      Recently renovated commercial property in a high-visibility location.
      2668 Charlestown Rd, New Albany, IN 47150
      View Details

    FAQs

    What type of property is this?
    Office building - Updated office building in revitalized downtown area with parking.
    Where is this office building located?
    The property is located at 320 E Elm St New Albany, IN.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Updated office building in revitalized downtown area.; - Over 4,700 sq ft of office space.; - 10 off-street parking spots plus additional curb parking.
    (812) 989-9065
    Request Owner's contact information
    320 E Elm St New Albany, IN 47150
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    320 E Elm St
    New Albany, IN 47150
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    320 E Elm St New Albany, IN 47150
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.