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Office Building with Private Offices
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224 E Elm St, New Albany, IN 47150

Standalone office space with four private offices, a reception area, two half bathrooms, and additional small flex rooms.

Space Size2,500 SF
Days on Market240

Property Features for 224 E Elm St

General Information

Standard status Active
Size 2,500 SF
Property subtype RETAIL

Additional Details

Office Units 4

Spaces For Lease

at 224 E Elm St
Office/Retail Building $12/SF/Yr
Size 2,500 SF
Type RETAIL
Lease Type PLUS_UTILITIES
Availability AVAILABLE
Sublease No
Well-located commercial property in the heart of downtown New Albany offering approximately 2,500 SF of flexible space ideal for office, professional services, or boutique business use. The property features: -Four private rooms/offices -Two half bathrooms -Welcoming reception area -Two additional small flex spaces ideal for sitting areas, storage, or workstations This layout provides an efficient blend of private offices and open support space, making it suitable for a variety of users seeking a character-filled standalone building in a convenient location. Lease Rate: $2,500 per month Utilities: Tenant responsible for all utilities Excellent opportunity for businesses looking to establish a presence in the growing New Albany market.
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Listing Agency: Bass Group Real Estate
Listed By: Bobby Bass · License #RB14043299
Source: Moodyscre
Added: Feb 24 Changed: Oct 8 Last Checked: Oct 20 at 9:21PM

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 Bass Group Real Estate

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Investment Insights

Based on property information with market context.

This standalone commercial property offers approximately 2,500 square feet of flexible office space designed to balance private work areas with shared support space. The layout includes four private rooms/offices, a welcoming reception area, two half bathrooms, and two additional small flex spaces that can be used for seating, storage, or workstations.

Located in the heart of downtown New Albany, the space is positioned for convenient access to local business activity. Utilities are the tenant’s responsibility.

The interior configuration combines dedicated offices with smaller flex areas, providing an efficient mix for organizations that need a reception component along with private rooms.

Key Highlights

  • Approximately 2,500 SF of flexible standalone commercial space in downtown New Albany
  • Includes a welcoming reception area plus four private rooms/offices
  • Two half bathrooms for tenant and client convenience

Property Analytics

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Open Analytics

Current Use

Nancye’s Nail Spa Nail Salon

Suggested Use

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

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

4
Office units
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,144
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

Frequently Asked Questions

What type of property is this?
Office building - Standalone office space with four private offices, a reception area, two half bathrooms, and additional small flex rooms.
Where is this office building located?
The property is located at 224 E Elm 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: Approximately 2,500 SF of flexible standalone commercial space in downtown New Albany; Includes a welcoming reception area plus four private rooms/offices; Two half bathrooms for tenant and client convenience
(502) 552-1296 Call to check price and availability
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