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Property profile & analytics
FOR SALE
Retail space

141 E Main St New Albany, IN 47150

3,374 SF
Property ID
US31-1429052
Property summary
AI-generated overview

Purchase and/or Lease Opportunity in Downtown New Albany across from the New City Hall. Currently the 1st floor is immediately available to lease. The 2nd floor has a tenant. 1st floor can be office, restaurant or retail. There is a basement with separate access from each of the 2 tenant spaces. With over $100 Million Dollars in 3 huge new Developments announced in Downtown showing yet even more great promise and a proven market with customers. Several great retailers, urban upscale apartments, choice restaurants, wineries,breweries, all levels of government offices, auto services, medical and health services, financial, legal and civil offices and a VERY Walkable Downtown for family to enjoy. Ample street parking and you're just feet away from a huge City owned free parking lot. Available incentives, if you qualify, include a $1,000/yr 3 way liquor license, Urban Enterprise Zone (UEZ), Tax Increment Financing (TIF), Historic District, Opportunity Zone and a local low interest Casino Revolving Loan Fund of up to $50,000. Come see what it is that brings businesses to Downtown New Albany and you too will join them for good things to come. Call, text or email for an appt within 48 hours.

Property profile
Verified
Property type Retail space
Total area 3,374 SF
UPID US31-1429052
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • High Street Apothecary Bar & Pub Nightclub
  • Disc Golf Mart- New Albany (Bike/Boat/Book/etc) Store
  • Disc Crazy (Bike/Boat/Book/etc) Store
  • Keystone Restoration Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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