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    222 Pearl St New Albany, IN 47150

    For Sale
    $1,950,000

    Historic mixed-use building with office, retail, and residential potential.

    Property size:
    25,300 SF
    Lot size:
    0.20 Acres

    Property Features for 222 Pearl St

    General Information

    Size
    25,300 SF
    Lot size
    0.20 Acres

    Source: Coldwell Banker McMahan Agent Paul R Kiger

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

    Overview

    Downtown New Albany Mixed-Use Building

    This historic mixed-use building in downtown New Albany offers over 18,000 leasable square feet. The property is suitable for office, retail, and possible residential use. It features current rent rolls of $14,000 per month. The building includes 3 stories, a massive basement, and an elevator. It is equipped with 2 emergency stairwells and a full sprinkler system. The total property size is 25,300 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Historic White House Indoor Lodging Fostered Up Art Art Gallery Winner Window Cleaning Window Cleaning Service Seaward Services Inc. Transportation Service Mariposa Consignments Consignment Shop

    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
    -85.8220131
    Latitude
    38.2846189

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    FAQs

    What type of property is this?
    Office building - Historic mixed-use building with office, retail, and residential potential.
    Where is this office building located?
    The property is located at 222 Pearl St New Albany, IN.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Over 18,000 leasable square feet; - Mixed use potential: office, retail, and possible residential; - Current rent rolls generate $14,000 per month
    (424) 652-6748
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    222 Pearl 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
    222 Pearl St New Albany, IN 47150
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