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Renovated Mixed-Use Building
For Lease
$12 SF/Yr

1638 E Market St, New Albany, IN 47150

C-2-zoned property with on-street and off-street parking options.

Space SizeContact for details
Days on Market140

Property Features for 1638 E Market St

General Information

Standard status Active
Total Parking Spaces 8
Property subtype Office
Zoning C-2
Lease Type NNN

Amenities

Power
Water
Sewer
8 Parking Spaces

Spaces For Lease

at 1638 E Market St Contact us

Available Space $12/Mo

Contact us
Listing Agency: Parkside Realty
Listed By: Jason Wade
Source: Kcrea.resimplifi
Added: Apr 13 Changed: Aug 29 Last Checked: Aug 29 at 7:57PM

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 Parkside Realty

Investment Insights

Based on property information with market context.

This 6,460-square-foot mixed-use commercial building has undergone a full renovation and includes multiple office components. The second floor provides 562 square feet of professional office space with two private offices, a full bathroom, and a separate entrance. A second-floor occupant uses approximately 2,700 square feet for office and support center operations.

Parking is available both on the street and off site, supporting access for occupants, clients, and customers. The property is zoned C-2 and includes a combination of commercial and office space within the building.

Key Highlights

  • 6,460 SF fully renovated mixed‑use commercial building
  • 562 SF second‑floor office area with two private offices, full bathroom, and dedicated entrance
  • Approximately 2,700 SF occupied for office and support center operations

Property Analytics

Current Use

NEACE VENTURES Financial Advisor Extol Media Distribution

Suggested Use

Top Pick Dental Office HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Home Appliance Store Electrical Service

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

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

558
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?
Mixed-use property - C-2-zoned property with on-street and off-street parking options.
Where is this mixed-use property located?
The property is located at 1638 E Market St New Albany, IN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 6,460 SF fully renovated mixed‑use commercial building; 562 SF second‑floor office area with two private offices, full bathroom, and dedicated entrance; Approximately 2,700 SF occupied for office and support center operations
More about this property
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