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Office Investment Property
For Sale
$175,000

931 State Street, New Albany, IN 47150

Office investment property offered for sale with a tenant that will not remain after purchase.

Property SizeContact for details
Days on Market2534

Property Features for 931 State Street

General Information

Standard status Active
Property subtype Office

Taxes and HOA fees

Annual Taxes $1,580

Amenities

3

Building Details

Year Built 1945
Listing Agency: RE/MAX FIRST-Commercial Group
Listed By: Mike Kopp · License #RB14037481
Source: Xome
Added: Oct 2, 2019 Changed: Sep 5 Last Checked: Sep 7 at 4:46AM

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 FIRST-Commercial Group

Investment Insights

Based on property information with market context.

This office investment property is being offered for sale. The current tenant will not remain once the property is sold, making the opportunity suitable for buyers planning to reposition the space.

The property is located on State Street near downtown, within an area surrounded by restaurants, retail, a winery, a brewery, the YMCA, and the Riverfront.

Offered as a commercial office asset, the property’s configuration and future use will be confirmed as part of due diligence, given the stated tenant turnover at closing.

Key Highlights

  • Office investment property offered for sale with a tenant that will not remain after purchase
  • Year built: 1945
  • Includes 3 guest facilities

Property Analytics

Current Use

Hoosier Action Association / Organization Timeless Treasures (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,127
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office investment property offered for sale with a tenant that will not remain after purchase.
Where is this office units located?
The property is located at 931 State Street New Albany, IN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Office investment property offered for sale with a tenant that will not remain after purchase; Year built: 1945; Includes 3 guest facilities
More about this property
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