Three-Tenant Retail Shopping
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2241 - 2243 State Street, New Albany, IN 47150
Fully occupied retail center with established tenancy and Highway Commercial District zoning.
Property Size9,000 SF
Price / SF$344.44
Days on Market7
Property Features for 2241 - 2243 State Street
General Information
Standard status
Active
Size
9,000 SF
Total Parking Spaces
43
Property subtype
Retail
Zoning
Highway Commercial District
Occupancy
100%
Building Details
Year Built
1996
Tenancy
Multi
Listing Agency:
Cushman & Wakefield Commercial Kentucky
(502) 719-3221
Listed By:
Craig Collins · License #KY 34708
Source:
Crexi
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 4 at 4:52AM
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 Cushman & Wakefield Commercial Kentucky
Investment Insights
Based on property information with market context.
This 9,000-square-foot shopping center was constructed in 1996 and is configured for three retail tenants. The property is fully occupied, providing an established operating profile within a multi-tenant commercial format. Highway Commercial District zoning supports its retail-oriented positioning.
The center is located at 2241–2243 State Street in New Albany, Indiana, within a retail corridor surrounded by national retailers. Its State Street setting places the property among established commercial uses and provides exposure to the area’s existing consumer activity.
The center is located at 2241–2243 State Street in New Albany, Indiana, within a retail corridor surrounded by national retailers. Its State Street setting places the property among established commercial uses and provides exposure to the area’s existing consumer activity.
Key Highlights
- 9,000‑square‑foot shopping center
- Three‑tenant retail configuration
- Fully occupied property
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
53k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
0.2 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
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with established tenancy and Highway Commercial District zoning.
Where is this shopping center located?
The property is located at 2241 - 2243 State Street New Albany, IN.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 9,000‑square‑foot shopping center; Three‑tenant retail configuration; Fully occupied property
