New Albany, IN Retail Properties & Spaces for Sale

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Updated: Jul 31

Mixed-Use Property with Apartment

331 Vincennes Street, New Albany, IN 47150

$289,900

1,716 sqft 0.07 AC lot

1,716‑square‑foot mixed‑use property
Nearly 1,200 square feet of commercial space configured for salon use
Room for 5‑7 styling stations and two shampoo stations
Private one‑bedroom apartment with over 500 square feet
Separate apartment entrance, rear parking pad, and green space

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Here's a quick look at some key insights for

331 Vincennes Street, New Albany, IN 47150

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Est. Cap Rate

6%
Above avg (5.9%)
Est. NOI

$17K
Annual
Price @ 7% Cap

$248K
Suggested
Property Type

Apartments (Generic)
Built 1929

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Updated: Jan 1

Historic Mixed-Use Building with Elevator

222 Pearl St, New Albany, IN 47150

$1,790,000

25,000 sqft

Approximately 18,000 SF of leasable area within a 25,000‑square‑foot property
Three‑story, elevator‑served building constructed in 1909
First‑floor retail and office space fully leased; entire second floor fully leased
Available third‑floor office space for lease‑up or adaptive reuse
Full basement, mezzanine lobby, and front and rear emergency stairwells

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Historic Mixed-Use Commercial Space

213 Pearl St, New Albany, IN 47150

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2,866 sqft

First-floor commercial space combines tall ceilings, storefront exposure, and an adaptable layout for varied business uses.

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Mixed-Use Property with Apartment

1945 Indiana Ave, New Albany, IN 47150

$217,900

3,828 sqft

Open commercial floor space includes a commercial sink, prep area, storage, and two half bathrooms.

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Three-Tenant Retail Shopping Center

2241 - 2243 State Street, New Albany, IN 47150

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9,000 sqft

Fully occupied retail center with established tenancy and Highway Commercial District zoning.

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Mixed-Use Property with Outdoor Seating

225 State St, New Albany, IN 47150

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12,000 sqft

Commercially zoned building offering restaurant, retail, and office-use space across two levels.

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East End Retail Opportunity

514 Vincennes St, New Albany, IN 47150

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1,350 sqft

Freestanding building with drive-thru in New Albany, Indiana.

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Mixed-Use Building with Apartment

331 Vincennes St, New Albany, IN 47150

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Commercial salon space is paired with a separately entered apartment and rear parking pad.

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Retail Strip Mall Storefront

145 E Market St, New Albany, IN 47150

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For-sale storefront space located at 145 E Market St in New Albany, Indiana.

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Storefront Property with New Roof

141 E Main St, New Albany, IN 47150

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10,122 sqft

First-floor space is immediately available to lease, with a tenant on the second floor and basement access separate by unit.

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Former Gas Station Redevelopment Site

2005 Grant Line Rd, New Albany, IN 47150

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Former gas station on an over-acre corner lot with stoplight access and removed tanks, plus documentation from Indiana.

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Salon Retail Space

2209 State St, New Albany, IN 47150

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Retail salon space with a large open floor plan, nine stations, and four shampoo bowls.

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Christian Brothers Automotive NNN Property

4606 Charlestown Rd, New Albany, IN 47150

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Single-tenant occupancy is structured under an absolute NNN lease.

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Corner Automotive Lot

1501 E Spring Street, New Albany, IN 47150

$289,000

442 sqft

Established used-vehicle sales operation with access from major highways and main roads.

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Mixed-Use Building with Retail

918 E Market Street, New Albany, IN 47150

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3,351 sqft

Two-story property combines a ground-floor storefront with apartment space above and an unfinished basement.

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Brick Bank Building with Drive-Through

2675 Charlestown Road, New Albany, IN 47150

$799,000

3,400 sqft

1994-built commercial facility with private offices, a vault, customer amenities, and on-site parking.

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Corner Flex Space

601-605 Silver Street, New Albany, IN 47150

$229,000

The property combines retail and warehouse areas with on-site parking.

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Mixed-Use Property with Beauty Shop

613 Vincennes Street, New Albany, IN 47150

$175,000

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

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Downtown Retail Space

214 Pearl Street, New Albany, IN 47150

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Commercial space in downtown New Albany with a 1919 construction date.

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Automotive Property With Office

1123 Vincennes Street, New Albany, IN 47150

$199,900

720 sqft 0.14 AC lot

Established automotive site with dedicated office and garage areas in a downtown commercial setting.

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Historic Mixed-Use Retail Building

221-225 Pearl Street, New Albany, IN 47150

$349,000

Historic Italianate brick facade with two retail spaces, two apartments, and an additional unfinished two-story area.

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Body Shop Garage with Lift

1302 E Oak Street, New Albany, IN 47150

$75,000

1,840 sqft

Corner lot garage includes a vehicle lift and paint booth, currently operating as a body shop.

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Storefront Property with Two Units

1007 Vincennes Street, New Albany, IN 47150

$79,900

Remodeled front space with a beauty shop layout and separate rear storage unit.

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Historic Mixed-Use Building

217-219 Pearl Street, New Albany, IN 47150

$550,000

Italianate stone architecture combines two ground-floor retail spaces with four upper-level residential units.

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New Albany, IN Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in New Albany, IN, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 75,635 square feet of properties for sale, with an estimated market value of $5,428,600.

Sale prices for stores in New Albany, IN start at $75,000, averaging $387,757, and reaching up to $1,790,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 50K

Population Growth (5Y) +3.7%

Median Household Income $62,212

College Educated 18.3%

High-Yield Neighborhoods for Investment

Identify New Albany submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
47150	$241.3K

Taxes & Financing

Tax Rate (average for all types) 2.56%

Property Tax per SF $33.47 per SF

Tax Rate vs County Average 0.20 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Floyd County

New Delisted

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