207-209 E Main Street New Albany, IN $ 1,590,000
207-209 E Main Street
$ 1,590,000
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207-209 E Main Street

New Albany, IN, 47150
$ 1,590,000
Baths0.0

Monthly Estimate*

$ 9,790

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Studio

Single Family Home for sale in New Albany, IN

for $1,590,000. This home was built in 1947 on a lot size of 0.122.

207 & 209 E. Main Street presents a fully leased mixed-use investment opportunity in the core of Downtown New Albany’s rapidly expanding urban corridor. The historic three-story asset has been comprehensively renovated and professionally managed by The Resch Company, creating a stabilized mixed-use investment with strong operational history and long term ownership stewardship. Positioned directly across from The Oxbow, a Denton Floyd Real Estate Group and The Wheatley Group’s new 43 unit luxury mixed use development with Class A office and retail space; the property also benefits from proximity to The Resch Company’s luxury townhome development with projected pricing in the $700s. These surrounding developments continue to reinforce the long term investment trajectory and residential demand growth within Downtown New Albany. Originally constructed circa 1885, the property offers investors a stabilized urban mixed-use asset with diversified income streams, strong walkability, and continued upside tied to ongoing downtown redevelopment activity.

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Single Family Active

Price

$ 1,590,000

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 8,775

Style

Lot Size

0.122

Year Built

1947

Town/City

New Albany

County/Region

Floyd

MLS | Web ID

202608604

Features
General
Year Built 1947
Township New Albany
Property Subtype Business
County Floyd
Property Type CommercialSale
Status Active
Directions From New Albany take I-64E to exit 123 New Albany. Turn left onto W Main. Property will be on your left. Property is prominently located on Main St near Bank St.
City New Albany
Lot Size Units Acres
Lot Size Square Feet 5314.32
Tax Annual Amount 8775
Property Condition Resale
Virtual Tour https://listings.currentculturemedia.com/video/NYRxzEy656A7e1RYcFnjE01100BeJUPB01ZTMYPmV007lHo
Standard Status Active
Property Sub Type Additional Business MultiFamily
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Exterior
Lot Size Area 0.122
Building Area Total 10750
Lot Size Acres 0.122
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* Excluded Features
List By
Paul R Kiger II

Listing Agent

Coldwell Banker Mcmahan

Broker

PaulKigerGroup@gmail.com

Email

Affordability Calculator

$10,521
Per Month
93%
7%
0%
Monthly Principal & Interest
$9,790
Monthly Property Taxes
$731
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
5/27/2026$1,590,000 Listed Price

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207-209 E Main Street, New Albany, IN, 47150 is a Single Family Home for sale at $1,590,000 with a lot size of 0.122. 207-209 E Main Street is a studio with 0.0 baths and was built in 1947. The property's zip code is 47150 which is in New Albany, IN