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Grocery Property with Vacant Space
For Sale
$265,000

1001 W Main Street, New Albany, IN 47150

Commercial property with an existing long-term tenant and additional space available for occupancy.

Property SizeContact for details
Days on Market3322

Property Features for 1001 W Main Street

General Information

Standard status Active
Property subtype Retail

Taxes and HOA fees

Annual Taxes $3,982

Amenities

3

Building Details

Year Built 1975
Tenancy Multi
Listing Agency: Keller Williams Realty Consultants
Listed By: Brian Haeseley · License #RB14040159
Source: Xome
Added: Jul 27, 2017 Changed: Aug 29 Last Checked: Aug 29 at 7:36PM

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 Keller Williams Realty Consultants

Investment Insights

Based on property information with market context.

This commercial property includes an existing liquor store tenancy that is not part of the sale. The tenant may remain or vacate, providing flexibility for the transaction. A second space is vacant and measures approximately 2,000 square feet, with an additional 1,800-square-foot basement. The basement is accessible through exterior and interior stairs.

Located in New Albany, Indiana, the property was constructed in 1975 and includes the commercial improvements associated with both spaces. The vacant area and basement offer additional configuration for a future occupant, subject to applicable approvals and requirements.

Key Highlights

  • Existing liquor store tenant is not included and may remain or vacate
  • Approximately 2,000 SF vacant commercial space
  • Approximately 1,800 SF basement with exterior exit and interior stairs

Property Analytics

Current Use

T J Liquors (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Dental Office HVAC Service Pharmacy Grocery & Convenience Store Storage Facility (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.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

573
Businesses Nearby
48k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 57% Dining 32% Hotels & Casinos 11%
Thorntons Shops & Services
18,342 visits/mo 0.4 miles
Circle K Shops & Services
8,727 visits/mo 0.3 miles
Waffle House Dining
8,072 visits/mo 0.5 miles
Wild Eggs Dining
7,332 visits/mo 0.3 miles
Hampton Inn Hotels & Casinos
2,795 visits/mo 0.4 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Commercial property with an existing long-term tenant and additional space available for occupancy.
Where is this grocery and convenience store located?
The property is located at 1001 W Main Street New Albany, IN.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Existing liquor store tenant is not included and may remain or vacate; Approximately 2,000 SF vacant commercial space; Approximately 1,800 SF basement with exterior exit and interior stairs
More about this property
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