Price Reduction - New Construction
223 E Spring Street New Albany, IN
$ 999,000
Property Attributes
  • MLS#2020011704
  • TypeCommercial
  • CountyFLOYD
  • CityNew Albany
  • AreaNew Albany
  • Zip47150
  • StyleOffice
  • Year Built1988
  • Taxes16525
  • Price$ 999,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8172
  • Lot Size0.57 Acres
Listing Provided Courtesy Of:
Paul R Kiger II with RE/MAX Advantage
Data Source:
Southern Indiana REALTORS Association, Inc.
Property Description

This is a substantial, multifunctional commercial building in Historic Downtown New Albany. Designed in the late 80’s as a traditional bank, the building is ripe for reimagining the post pandemic urban office. The gorgeous atrium lobby features a 2-story wall of windows flooding the area with light that bounces of an interior water feature wall. Very classy, especially useful. Currently used as a waiting area, this open-air space can be used for public gatherings, receptions, or even as performance space. The atrium creates a second-floor mezzanine that is also multifunctional. It would be perfect as co-working space, shared space, or any number of new collaborative space designs. With at least 8 offices, a conference room and 2 bank vault rooms this is an exciting building with open concept features. Besides 8,172 sq ft of finished space, the building offers a full bath with a separate shower, and two half baths, a great kitchen, an elevator, covered patio, and solid digital infrastructure. The 20-space front parking lot is wide open for ideas as well; it’s a great asset to the property and ripe for future use. The two-story portico entrance and bank “drive through” in the back get the creative juices flowing towards the future of office design.

Price History
11/3/2020 Listed $1,200,000
3/31/2021 17% - $999,000

General Features

Current Use Office
Development Status Under Construction
MLS Area Downtown
Property SubType Office
Property Type Commercial Sale
PropertyCondition Resale
Township New Albany

Exterior Features

Lot Size Acres 0.57
Lot Size Source Assessor
Lot Size Square Feet 24829
Total Parking 18


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 47150

AVG $440K
AVG $6,069
AVG 34
Year Built
AVG 1954
AVG 49
Data Provided by Walkscore ® not using MLS data

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