Office Building with Heated
437 W State Street, Albany, IN 47320
For Sale
New
$199,900
COMMERCIAL, Albany, IN
Property SizeContact for details
Lot Size0.15 Acres
Days on Market2
Property Features for 437 W State Street
General Information
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Parking features
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Legal Description
Utilities
Cooling system
Amenities
high ceilings
large windows
crown molding
hardwood floors
hardwired data lines
phone wiring
instant water heater
two separate furnaces
220V electrical hookups
paint room
floor drain
utility sink hookup
newer overhead garage door
two separate 200 amp electrical panels
Building Details
Year built
Flooring type
Roof type
Buildings
Listing Agency:
NextHome Elite Real Estate
(765) 729-5181
Listed By:
Cortney Felton · License #51059
(765) 748-6334
Added: Nov 6
Last Checked: Nov 7 at 12:06AM
MLS# 202645944
Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1925 and remodeled in 2008, this brick office property in Albany pairs approximately 1,500 square feet of finished interior space with an attached heated garage and shop of about 1,270 square feet. The interior has 11-foot ceilings, large windows, crown molding, spacious rooms, two bedrooms, one full bathroom, and an open kitchen and dining area with a butler pantry. Hardwired data lines and phone wiring for up to six lines are installed.
The shop includes a half bathroom, 220V electrical hookups, a paint room, floor drain, utility sink hookup, and a newer overhead door and opener. Two 200-amp electrical panels separately serve the interior and shop, while separate furnaces provide independent heat. Additional features include central air, an instant water heater, off-street parking, and electrical service in the front yard for signage. The roof over the finished interior is approximately six years old.
Zoned C2 General Commercial, the property has highway frontage and is described for office, business, residential, or combined use. The parcel contains 0.15 acres.
The shop includes a half bathroom, 220V electrical hookups, a paint room, floor drain, utility sink hookup, and a newer overhead door and opener. Two 200-amp electrical panels separately serve the interior and shop, while separate furnaces provide independent heat. Additional features include central air, an instant water heater, off-street parking, and electrical service in the front yard for signage. The roof over the finished interior is approximately six years old.
Zoned C2 General Commercial, the property has highway frontage and is described for office, business, residential, or combined use. The parcel contains 0.15 acres.
Key Highlights
- Approximately 1,500 SF of finished interior space plus an attached 1,270 SF heated garage and shop
- C2 General Commercial zoning with highway frontage
- Shop includes 220V hookups, a paint room, floor drain, utility sink hookup, and half bathroom
Property Analytics
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Current Use
Lease Details
11 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
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Business Placement
Demographics for 47320, IN
3,978
Population
2,176
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
93%
High-School Grad
32.6 sq mi
ZIP Area
122
Density / Sq Mi
$68,244
Median Household Income
$41,406
Median Earnings
$669
Median Rent
$120,300
Median Home Value
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Market
Properties on Market for Office buildings in Delaware County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - C2 zoning, adaptable interior space, and a dedicated shop support a range of commercial and residential configurations.
Where is this office building located?
The property is located at 437 W State Street Albany, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Approximately 1,500 SF of finished interior space plus an attached 1,270 SF heated garage and shop; C2 General Commercial zoning with highway frontage; Shop includes 220V hookups, a paint room, floor drain, utility sink hookup, and half bathroom
