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Office Unit with Private Parking
For Lease
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1617 State St, New Albany, IN 47150

Flexible layout includes enclosed rooms, reception space, storage, a break area, and a large open section.

Space Size2,772 SF
Days on Market44

Property Features for 1617 State St

General Information

Standard status Active
Size 2,772 SF
Net Rentable 2,772 SF
Total Parking Spaces 17
Property subtype OFFICE

Space & Availability

Available Space 2,772 SF
Contiguous Space 2,772 SF
Space Use Office
Sublease No
Private Offices 11

Lease Terms

Lease Rate $12.50 /USD/SF/YR
Monthly Rent $2,887
Rent per SF/Year $12.50

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Building Details

Building Size 2,772 SF
Tenancy Single

Spaces For Lease

at 1617 State St
FOR LEASE - State Street New Albany $12.50/SF/Yr
Floor 1
Size 2,772 SF
Type OFFICE
Lease Type PLUS_UTILITIES
Availability AVAILABLE, Now
This flexible 2,772 square foot, office/retail building is for lease at highly visible 1617 State Street in New Albany. This building offers a wide range of use for offices, retail or as a salon (formerly). There is a reception area, 11 individual rooms, a supplies/storage room, break area and a large open area. For lease at $12.50/SF plus utilities. There is ample parking in the private lot with 17 spaces, plus on street parking. Located conveniently to I-265/I-64, downtown New Albany and Louisville.
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Listing Agency: Lopp Commercial Brokers
Listed By: E. Ray Neal
Source: Moodyscre
Added: Sep 15 Changed: Oct 27 Last Checked: Oct 28 at 6:40AM

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 Lopp Commercial Brokers

Rey
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Investment Insights

Based on property information with market context.

This 2,772-square-foot office unit is arranged for a range of professional commercial uses, with a reception area, 11 individual rooms, a supplies and storage room, break area, and large open section. The layout combines private rooms with shared functional areas, supporting office, medical, retail, or salon operations as described for the property.

Parking includes a private lot with 17 spaces, along with additional on-street parking. The property is in New Albany, with access to I-265 and I-64 and proximity to downtown New Albany and Louisville.

Key Highlights

  • 2,772‑square‑foot office unit
  • 11 individual rooms plus reception area
  • Large open area, break area, and supplies/storage room

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Free born salon Hair Salon All In 1 Professional ... Carpet Cleaning Service California Tanning and Hair Hair Salon Mermaid Locks Hair ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Auto Parts Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Bakery Barber Shop

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

Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.88 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

881
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for New Albany, IN

$16.44 /SF/Yr
Avg Asking Price
$6.02–$20.75 /SF/Yr
Price Range
12,983 SF
Avg Space Size

This space is priced 24% below the average of $16.44 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office unit - Flexible layout includes enclosed rooms, reception space, storage, a break area, and a large open section.
Where is this office unit located?
The property is located at 1617 State St New Albany, IN.
What is the lease rate?
The lease rate is $12.50 SF/Yr.
What are key features of this property?
This property features: 2,772‑square‑foot office unit; 11 individual rooms plus reception area; Large open area, break area, and supplies/storage room
(502) 553-0412 Call to check price and availability
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