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Mixed-Use Property with Beauty Shop
For Sale
$175,000

613 Vincennes Street, New Albany, IN 47150

The property combines a beauty shop, two residential units, and a detached two-car garage under one ownership structure.

Property SizeContact for details
Days on Market1591

Property Features for 613 Vincennes Street

General Information

Standard status Active
Property subtype Office

Taxes and HOA fees

Annual Taxes $1,299

Amenities

3
25 x 160

Building Details

Year Built 1929
Tenancy Multi
Listing Agency:
Listed By: Keller Williams Louisville
Source: Xome
Added: Apr 25, 2022 Changed: Aug 30 Last Checked: Aug 31 at 2:59PM

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 Keller Williams Louisville

Investment Insights

Based on property information with market context.

Located at 613 Vincennes Street in New Albany, Indiana, this mixed-use property includes a beauty shop, a one-bedroom residence, a two-bedroom residence, and a two-car garage. The residential spaces provide distinct living configurations, while the commercial component adds an established service-oriented use within the property.

Updates include a roof installed in 2021, HVAC improvements, flooring work, and wiring updates. The one-bedroom unit has a washer and dryer hookup, and the existing washer and dryer remain. Kitchen appliances are also included. Current occupants lease month to month and have expressed interest in staying. The seller pays water, sewer, and gas for one unit; tenants pay their own electric service.

Key Highlights

  • Mixed‑use configuration with a beauty shop, one‑bedroom unit, two‑bedroom unit, and two‑car garage
  • Roof replacement completed in 2021
  • HVAC, flooring, and wiring updates completed

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

641
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines a beauty shop, two residential units, and a detached two-car garage under one ownership structure.
Where is this mixed-use property located?
The property is located at 613 Vincennes Street New Albany, IN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Mixed‑use configuration with a beauty shop, one‑bedroom unit, two‑bedroom unit, and two‑car garage; Roof replacement completed in 2021; HVAC, flooring, and wiring updates completed
More about this property
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