Historic Mixed-Use
For Sale
$550,000
217-219 Pearl Street, New Albany, IN 47150
Italianate stone architecture combines two ground-floor retail spaces with four upper-level residential units.
Property SizeContact for details
Days on Market2954
Property Features for 217-219 Pearl Street
General Information
Standard status
Active
Property subtype
Retail
Property Condition
Severity
Repairs Needed
Evidence
not a lot to do
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,942
Amenities
3
45x120
Building Details
Year Built
1929
Buildings
1
Construction
Italianate
Listing Agency:
RE/MAX Advantage
(502) 314-6748
Listed By:
Paul Kiger · License #RB14035922
(502) 314-6748
Source:
Xome
Added: Aug 1, 2018
Changed: Aug 30
Last Checked: Aug 31 at 12:41PM
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 RE/MAX Advantage
Investment Insights
Based on property information with market context.
Built in 1929, this three-story mixed-use property presents an Italianate stone façade with eight arched windows, eight curved windows, and detailed architectural hoods and cornices. The ground level contains two oversized retail areas spanning the building’s width, each with substantial work space behind the display area. The storefront includes a covered entrance, oversized display windows, and two separate entrances. Both retail spaces are currently occupied by a women’s clothing boutique.
The second floor contains two apartments, including one with two fireplaces and historic ties to the former Good Bub Confectionary proprietors. The third floor includes another apartment and an unfinished shell that could be converted into additional apartment or office space. The upper levels are described as providing four rentable units in total, with some units requiring paint and flooring. A rear appendage overlooks the courtyard and may offer additional rehabilitation potential.
The second floor contains two apartments, including one with two fireplaces and historic ties to the former Good Bub Confectionary proprietors. The third floor includes another apartment and an unfinished shell that could be converted into additional apartment or office space. The upper levels are described as providing four rentable units in total, with some units requiring paint and flooring. A rear appendage overlooks the courtyard and may offer additional rehabilitation potential.
Key Highlights
- 1929 three‑story mixed‑use building at 217‑219 Pearl Street
- Italianate stone façade with eight arched and eight curved windows
- Two oversized first‑floor retail spaces with display areas and back‑of‑house workspace
Property Analytics
Current Use
Lease Details
4
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 Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Italianate stone architecture combines two ground-floor retail spaces with four upper-level residential units.
Where is this mixed-use property located?
The property is located at 217-219 Pearl Street New Albany, IN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1929 three‑story mixed‑use building at 217‑219 Pearl Street; Italianate stone façade with eight arched and eight curved windows; Two oversized first‑floor retail spaces with display areas and back‑of‑house workspace
