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    1929 Mcdonald Ln New Albany, IN 47150

    Sponsored
    For Lease
    Contact for pricing

    New Albany, IN Retail Space Available

    Lot size:
    11,569 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Grant Line Crossing, located at 1929 McDonald Lane in New Albany, Indiana, presents a prime retail opportunity. This 11,569 square foot retail center sits on a 0.89-acre lot in Floyd County (zip code 47150) and is currently fully vacant, offering a unique chance for multiple tenants or a single large occupant. The property features four suites, with a minimum divisible space of 1,600 square feet and a maximum contiguous space of 5,644 square feet. A former freestanding restaurant space of 5,644 square feet is available, along with other smaller units. The center benefits from a highly visible location on Grant Line Road, shadow-anchored by a Walmart. Its convenient access from I-265 contributes to high traffic volume, with an average of 20,400 daily commuters passing by. This makes Grant Line Crossing an ideal location for businesses seeking high visibility and accessibility in a thriving retail market. The property's total building size is 11,569 square feet, offering flexibility for various retail concepts. The strategic location and ample space make this an exceptional investment opportunity. Serious inquiries are encouraged to explore the possibilities of this well-positioned retail center.

    Property Features for 1929 Mcdonald Ln

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,569 SF

    Unit(s) available at that property

    Space
    Suite 6
    Size
    38,768 SF
    Space
    Suite 4
    Size
    4,325 SF
    Space
    Suite 3
    Size
    1,600 SF

    HighLights

    • One endcap space available in a Walmart‑shadowed center.
    • 5,644 SF freestanding former restaurant space available.
    • Excellent I‑265 access, connecting I‑64 and I‑65.
    • 4,325 SF available, divisible to 1,200 SF.
    • Grant Line Road boasts 20,400 ADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cato Fashions Women'S Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.8179839
    Latitude
    38.3223052

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    FAQs

    What type of property is this?
    Restaurant - New Albany, IN Retail Space Available
    Where is this restaurant located?
    The property is located at 1929 Mcdonald Ln New Albany, IN.
    What are key features of this property?
    This property features: One endcap space available in a Walmart-shadowed center.; 5,644 SF freestanding former restaurant space available.; Excellent I-265 access, connecting I-64 and I-65.
    Request Owner's contact information
    1929 Mcdonald Ln New Albany, IN 47150
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1929 Mcdonald Ln New Albany, IN 47150
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