Historic Mixed-Use Retail
For Sale
$349,000
221-225 Pearl Street, New Albany, IN 47150
Historic Italianate brick facade with two retail spaces, two apartments, and an additional unfinished two-story area.
Property SizeContact for details
Days on Market3088
Property Features for 221-225 Pearl Street
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,391
Amenities
3
52x60
Listing Agency:
RE/MAX Advantage
(812) 923-7050
Listed By:
Paul Kiger · License #RB14035922
(502) 314-6748
Source:
Xome
Added: Mar 24, 2018
Changed: Sep 1
Last Checked: Sep 4 at 2:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advantage
Investment Insights
Based on property information with market context.
This historic building features an Italianate brick façade with hooded arched windows and a two- and three-story design. The property includes two retail spaces, plus rehabbed apartments upstairs that are ready to lease with light updates needed (paint and flooring).
A standalone, shotgun-shaped rehabbed space is also included and has been used as an art gallery in recent years. The right side of the building is currently leased and has horizontal picture windows, a gated entrance, and workshop/kitchen space along with a small floor display area.
In addition to the income-producing and rehabbed components, there is an unfinished two-story unit within the building. The buyer will need to create new access to that unfinished area. Overall, the offering consists of two retail spaces, two apartments, and an additional unfinished area for renovation.
A standalone, shotgun-shaped rehabbed space is also included and has been used as an art gallery in recent years. The right side of the building is currently leased and has horizontal picture windows, a gated entrance, and workshop/kitchen space along with a small floor display area.
In addition to the income-producing and rehabbed components, there is an unfinished two-story unit within the building. The buyer will need to create new access to that unfinished area. Overall, the offering consists of two retail spaces, two apartments, and an additional unfinished area for renovation.
Key Highlights
- Historic Italianate brick building with hooded arched windows; two- and three‑story design
- Two retail spaces plus two rehabbed apartments ready for leasing (some paint and flooring needed)
- Right side currently leased, with horizontal picture windows, gated entrance, and workshop/kitchen space plus a floor display area
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 47150, IN
49,395
Population
22,834
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
1,098
Density / Sq Mi
$62,212
Median Household Income
$40,837
Median Earnings
$984
Median Rent
$191,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Historic Italianate brick facade with two retail spaces, two apartments, and an additional unfinished two-story area.
Where is this live-work space located?
The property is located at 221-225 Pearl Street New Albany, IN.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Historic Italianate brick building with hooded arched windows; two- and three‑story design; Two retail spaces plus two rehabbed apartments ready for leasing (some paint and flooring needed); Right side currently leased, with horizontal picture windows, gated entrance, and workshop/kitchen space plus a floor display area
