Financial
Distress signals
Property profile

203 Main St New Albany, IN 47150

OFF-MARKET
Office Spaces
Property ID
US31-2121290
6,097 SF 0.12 ac lot Built 1837
Last sale Mar 2015 · $322,500
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 5,955-square-foot restaurant space, housed in the Parthenon Building, presents a unique investment opportunity. Built in 1837 and meticulously renovated in 2023, this landmark building is the oldest commercial structure in New Albany, Indiana. Originally one of Indiana State Bank's ten founding branches, it boasts stunning architectural details, including a unique domed ceiling with a skylight and the original bank vault, all preserved during the recent renovation. Modern…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$213k
Assessed land$34k
Assessed improvement$179k
Effective rate2.90%

Value estimate

· Sep 2026
$240k
$216k – $264k
Submarket $/SF estimate$478k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$64/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$39 – $100
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFLOYD

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.6
HVAC Service12.0
Tailor Shop9.8

Location

203 Main St New Albany, IN 47150-5818
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
700 Spg, New Albany, IN 47150-2926 $320,000 Jan 2024 4,440 SF
1730 Audubon, New Albany, IN 47150-3482 $475,000 May 2023 4,980 SF
623 Spg, New Albany, IN 47150-2923 $85,000 Nov 2021 3,984 SF
Pearl At E Main, New Albany, IN 47150 $875,000 Mar 2021 17,472 SF
4919 Charlestown, New Albany, IN 47150-9426 $550,000 Jun 2020 13,797 SF
4802 Charlestown, New Albany, IN 47150-9485 $450,000 Jan 2020 5,958 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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