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Flexible Mixed-Use Office Building
New
For Lease
$12.50 SF/Yr

1617 State St, New Albany, IN 47150

Adaptable commercial space with private parking, multiple rooms, reception, storage, and an open area for varied business uses.

Space Size2,772 SF
Days on Market6

Property Features for 1617 State St

General Information

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

Space & Availability

Available Space 2,772 SF
Contiguous Space 2,772 SF
Space Use Office
Private Offices 11

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $2,406

Amenities

reception area
11 individual rooms
supplies/storage room
break area
large open area

Building Details

Building Size 2,772 SF
Tenancy Single
Listing Agency: Lopp Real Estate Brokers
Listed By: Ray Neal
Source: Exprealty
Added: Sep 15 Changed: Sep 19 Last Checked: Sep 20 at 11:58AM

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 Real Estate Brokers

Investment Insights

Based on property information with market context.

This 2,772-square-foot mixed-use building combines a reception area, 11 individual rooms, a supplies and storage room, break area, and a large open section. The layout supports office, medical, retail, and salon uses, with the property having previously operated as a salon. The configuration offers a mix of enclosed rooms and shared functional areas for businesses needing a flexible commercial setting.

The property is located at 1617 State Street in New Albany, with access to I-265 and I-64, downtown New Albany, and Louisville. On-site parking is provided in a private lot with 17 spaces, with additional street parking also available.

Key Highlights

  • 2,772‑square‑foot mixed‑use office and retail building
  • 11 individual rooms plus reception, storage, break, and open areas
  • Layout supports office, medical, retail, and salon uses

Property Analytics

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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 HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Bakery

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
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

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Adaptable commercial space with private parking, multiple rooms, reception, storage, and an open area for varied business uses.
Where is this mixed-use property 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 mixed‑use office and retail building; 11 individual rooms plus reception, storage, break, and open areas; Layout supports office, medical, retail, and salon uses
More about this property
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