Jeffersonville Bank Building with
2501 Allison Ln, Jeffersonville, IN 47130
For Sale
$1,500,000
8,094 SF bank building with drive-thru for lease.
Property Size8,094 SF
Lot Size0.92 Acres
Price / SF$185.32
Days on Market248
Property Features for 2501 Allison Ln
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Lease Type
Amenities
Drive-Thru
Building Details
Tenancy
Listing Agency:
Hogan Real Estate
Listed By:
James Conklin
(812) 972-3259
Source:
Kcrea.resimplifi
Added: Mar 9
Changed: Nov 9
Last Checked: Nov 10 at 5:02AM
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 Hogan Real Estate
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Investment Insights
Based on property information with market context.
An 8,094 square foot bank building is available for lease on a 0.92-acre site. The two-story building includes 2,874 square feet on the first floor and 2,610 square feet on the second floor, with an additional 2,610 square foot basement. The property features a four-lane drive-thru and offers excellent visibility. It is located directly across from major retail anchors including Meijer, Rural King, and Kohl’s. Traffic counts average nearly 18,000 vehicles per day on Allison Lane in front of the site and more than 23,000 vehicles per day on 10th Street at the nearby intersection. The property provides convenient access to Interstate 265 and the Lewis and Clark Bridge, and is positioned within one of the fastest-growing markets in Southern Indiana. It is centrally located within a dominant retail trade area just south of River Ridge Commerce Center, a 6,000-acre premier business and manufacturing park. The surrounding area continues to experience strong residential growth, ranking among the highest in the Louisville Metropolitan Statistical Area.
Key Highlights
- Excellent visibility and high traffic counts (18,000‑23,000 vehicles per day).
- Located directly across from major retail anchors (Meijer, Rural King, Kohl’s).
- Benefit from a four‑lane drive‑thru.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,680
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,093,600
$2.1M
Cap Rate 7%
$1,495,429
$1.5M
Cap Rate 9%
$1,163,111
$1.2M
Market Conditions
NOI Build-Up for 8,094 SF
Gross rent
$145.7K $18.00/SF
− Vacancy
−$6.1K −$0.76/SF
EGI
$139.6K $17.24/SF
− OpEx
−$34.9K −$4.31/SF
NOI
$104.7K $12.93/SF
Area
Clark County, IN
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,093,600
Cap Rate 7%
$1,495,429
Cap Rate 9%
$1,163,111
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.74M
NOI $104,680 @ 7.0% cap · market cap 6.98%
Second Best
Retail
$1.40M
$1.22M – $1.63M
NOI $97,701 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,729 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 47130, IN
48,481
Population
22,602
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
1,430
Density / Sq Mi
$68,412
Median Household Income
$40,941
Median Earnings
$1,090
Median Rent
$203,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - 8,094 SF bank building with drive-thru for lease.
Where is this bank located?
The property is located at 2501 Allison Ln Jeffersonville, IN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Excellent visibility and high traffic counts (18,000‑23,000 vehicles per day).; Located directly across from major retail anchors (Meijer, Rural King, Kohl’s).; Benefit from a four‑lane drive‑thru.
