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Three-Story Office Building
For Sale
$389,900

421-423 W 1st Street, New Albany, IN 47150

Well-maintained office property with private offices, conference rooms, kitchenettes, and reception areas across three floors.

Property SizeContact for details
Days on Market2137

Property Features for 421-423 W 1st Street

General Information

Standard status Active
Property subtype Office

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $4,758

Amenities

conference room
kitchenette
reception area
built in storage
3
5 Parking Spaces.
30x110

Building Details

Year Built 1999
Buildings 1
Stories 3
Listing Agency: Schuler Bauer Real Estate Services ERA Powered (N
Listed By: Gene Baxter · License #RB14021497
Source: Xome
Added: Oct 27, 2020 Changed: Sep 2 Last Checked: Sep 1 at 4:45PM

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.

Constructed in 1999, this three-level office property offers a practical arrangement for professional use. The first floor includes three offices, a half bath, kitchenette, and large conference room. The second level adds three offices, reception and waiting areas, a half bath, conference room, and kitchenette. The top floor contains two offices, a reception area, full bath, and built-in storage.

The property is positioned near City Hall, the Federal Building, the courthouse, restaurants, and other downtown amenities. Parking is available behind the building, with additional on-street parking. The improvements include separate electric and gas utilities and one water meter. Furnishings are negotiable.

Key Highlights

  • Three‑level office building constructed in 1999
  • First floor includes 3 offices, kitchenette, half bath, and large conference room
  • Second floor provides 3 offices, reception and waiting areas, kitchenette, half bath, and conference room

Property Analytics

Current Use

Office buildings

Suggested Use

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,041
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 building - Well-maintained office property with private offices, conference rooms, kitchenettes, and reception areas across three floors.
Where is this office building located?
The property is located at 421-423 W 1st Street New Albany, IN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Three‑level office building constructed in 1999; First floor includes 3 offices, kitchenette, half bath, and large conference room; Second floor provides 3 offices, reception and waiting areas, kitchenette, half bath, and conference room
More about this property
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