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Storefront Property with New Roof
For Sale
$795,000

141 E Main St, New Albany, IN 47150

First-floor space is immediately available to lease, with a tenant on the second floor and basement access separate by unit.

Property Size10,122 SF
Price / SF$78.54
Days on Market896

Property Features for 141 E Main St

General Information

Standard status Active
Size 10,122 SF
Property subtype Retail
Zoning D- Downtown

Additional Details

Opportunity Zone Yes

Amenities

Power
Water
Sewer
Natural Gas

Building Details

Year Built 1919
Tenancy Multi
Listing Agency: REMAX FIRST
Listed By: Michael Kopp
Source: Kcrea.resimplifi
Added: Apr 4, 2024 Changed: Sep 10 Last Checked: Sep 15 at 5:39AM

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 REMAX FIRST

Investment Insights

Based on property information with market context.

This storefront property features substantial recent roofing improvements completed in April 2025, including new roof and gutters. The work included stripping down to the wood deck, adding 1/2 wood fiberboard and a 1 inch polyurethane foam spray on the fiberboard, then applying silicone roof coating with 3M ceramic granules embedded into the silicone topcoat, all backed by a 10-year manufacturer’s warranty.

The building offers leasing flexibility with the 1st floor immediately available to lease and the 2nd floor currently occupied by a tenant. The 1st floor can be used for office, restaurant, or retail purposes, and there is a basement with separate access from each of the two tenant spaces.

Located in downtown New Albany at 141 E Main St, the property sits across from the New City Hall and benefits from ample street parking, with a city-owned free parking lot nearby.

Key Highlights

  • Roof and gutters replaced in April 2025 with a 10‑year manufacturer’s warranty
  • 1st floor is immediately available to lease; 2nd floor has a tenant
  • 1st floor use flexibility for office, restaurant, or retail

Property Analytics

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Current Use

High Street Apothecary Bar & Pub Disc Golf Mart- ... (Bike/Boat/Book/etc) Store Disc Crazy (Bike/Boat/Book/etc) Store Keystone Restoration Construction Company

Suggested Use

Top Pick Dental Office Building Supply Pharmacy HVAC Service Auto Parts Store Storage Facility

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

1,093
Businesses Nearby
53k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 61% Dining 29% Hotels & Casinos 10%
Circle K Shops & Services
16,840 visits/mo 0.1 miles
Circle K Shops & Services
8,727 visits/mo 0.5 miles
Waffle House Dining
8,072 visits/mo 0.3 miles
Wild Eggs Dining
7,332 visits/mo 0.4 miles
Chase Bank Shops & Services
6,686 visits/mo 0.1 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Similar Off Market Nearby

  • Nance Floral Shoppe, Inc. 624 e spring st, new albany, in 47150

Frequently Asked Questions

What type of property is this?
Storefront property - First-floor space is immediately available to lease, with a tenant on the second floor and basement access separate by unit.
Where is this storefront property located?
The property is located at 141 E Main St New Albany, IN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Roof and gutters replaced in April 2025 with a 10‑year manufacturer’s warranty; 1st floor is immediately available to lease; 2nd floor has a tenant; 1st floor use flexibility for office, restaurant, or retail
More about this property
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