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    1502 Beeler St New Albany, IN 47150

    Sponsored
    For Sale
    $2,000,000

    Prime Downtown Location, Huge Potential

    Property size:
    86,136 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional redevelopment opportunity presents a substantial 86,136 square foot storefront located at 1502 Beeler Street in New Albany, Indiana. The property, situated on a 1.03-acre lot (APN: 22-05-04-201-391.000-008), is zoned T-R and offers significant potential for various uses. The two-story building, constructed in 1926 and renovated in 1960, boasts impressive features including a 20-foot ceiling height in the manufacturing area, one loading dock, and one freight elevator. The expansive floorplates, approximately 35,625 square feet each, provide ample space for a wide range of commercial ventures. The manufacturing area encompasses roughly 60,000 square feet, featuring columns spaced 18 feet east-west and 13 feet 6 inches north-south. In addition to the manufacturing space, there is approximately 2,700 square feet of office space, complete with a main office, lobby, multiple restrooms, a cafeteria, and a supply room. The asking price is $2,000,000, translating to $23.22 per square foot. This property's prime location across from New Albany High School makes it an attractive investment with high visibility and accessibility. The building's size and unique features offer a rare chance to reshape a significant piece of New Albany's commercial landscape. This is a truly unique opportunity for a discerning investor seeking a substantial redevelopment project in a thriving Indiana community.

    Property Features for 1502 Beeler St

    General Information

    Property type
    Individual retail properties
    Square Feet
    86,136 SF
    Lot Size
    44,867 SF

    Building Details

    Year Built/Renovated
    1926/1960
    Buildings
    1
    Stories
    2

    HighLights

    • Prime location just north of downtown New Albany.
    • Exceptional redevelopment potential.
    • Features a two‑story building with a lower level.
    Property Profile Location Intelligence

    Current Use by Public Records

    Graphic Packaging International Packaging Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Albany
    County
    Floyd
    State
    Indiana
    Longitude
    -85.8129661
    Latitude
    38.2967774

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    FAQs

    What type of property is this?
    Individual retail property - Prime Downtown Location, Huge Potential
    Where is this individual retail property located?
    The property is located at 1502 Beeler St New Albany, IN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Prime location just north of downtown New Albany.; Exceptional redevelopment potential.; Features a two-story building with a lower level.
    Request Owner's contact information
    1502 Beeler St New Albany, IN 47150
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    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
    1502 Beeler St New Albany, IN 47150
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