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Corner Flex Space
For Sale
$229,000

601-605 Silver Street, New Albany, IN 47150

The property combines retail and warehouse areas with on-site parking.

Property SizeContact for details
Days on Market1597

Property Features for 601-605 Silver Street

General Information

Standard status Active
Property subtype Retail

Taxes and HOA fees

Annual Taxes $2,608

Amenities

3

Building Details

Year Built 1919
Listing Agency: Schuler Bauer Real Estate Services ERA Powered (N
Listed By: Stephannie Wilson · License #RB14039714
Source: Xome
Added: Apr 17, 2022 Changed: Aug 29 Last Checked: Aug 30 at 1:41PM

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 Schuler Bauer Real Estate Services ERA Powered (N

Investment Insights

Based on property information with market context.

Built in 1919, this commercial property includes both retail and warehouse space within one adaptable configuration. The layout has previously accommodated a hair salon and a bakery, providing established examples of commercial use without limiting future plans.

The property occupies a corner lot at 601-605 Silver Street in New Albany, Indiana, with abundant parking for customer and business access. Its combination of customer-facing space and built-in storage capacity supports a range of commercial operating concepts, subject to buyer verification of the approximate square footage.

Key Highlights

  • Retail and warehouse space within the same property
  • Corner‑lot position at 601‑605 Silver Street
  • Abundant on‑site parking

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Restaurant Accounting Firm (Bike/Boat/Book/etc) Store

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

460
Businesses Nearby
Under-served
Demand for This Use

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - The property combines retail and warehouse areas with on-site parking.
Where is this flex space located?
The property is located at 601-605 Silver Street New Albany, IN.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Retail and warehouse space within the same property; Corner‑lot position at 601‑605 Silver Street; Abundant on‑site parking
More about this property
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