437 W State Street
Albany, IN, 47320 $ 199,900
Bedrooms-- Baths2.0 Sq 2,770 Monthly Estimate*
$ 1,381
for $199,900 with 2 full baths. This 2,770 square foot building was built in 1925 on a lot size of 0.15.
A unique historic brick building, beautifully remodeled in 2008, offering an excellent opportunity for business owners, entrepreneurs or investors in Albany, Indiana. Located at 437 W State St, this property features approximately 1,500 square feet of finished interior space along with an approximately 1,270 square foot attached heated garage and shop. Zoned C2 General Commercial, the property offers possibilities for office space, business operations, residential living or a combination of uses. Previously utilized as an accounting office and more recently as a residential home, the building offers a flexible layout with impressive 11' ceilings, large windows, crown molding, hardwood floors and spacious rooms. The interior currently includes 2 bedrooms, 1 full bathroom, an open kitchen and dining area, and a recently added butler pantry. Hardwired data lines throughout the building and phone wiring designed to support up to 6 lines provide additional infrastructure for potential office or business use. The attached heated garage and shop offers approximately 1,270 square feet and includes a half bathroom, 220V electrical hookups, a paint room, a floor drain, a utility sink hookup and a newer overhead garage door and opener. The property also features two separate 200 amp electrical panels, one serving the finished interior space and the other serving the garage and shop, providing valuable electrical capacity for potential business operations. Two separate furnaces provide independent heating for the living space and garage/shop. Highway frontage offers excellent visibility, while off street parking on the west side of the property provides convenient access. Electrical service is also in place in the front yard for potential business signage. Additional improvements include an instant water heater and a roof over the finished living space that is approximately 6 years old. With its combination of commercial zoning, finished interior space, substantial heated shop area and residential possibilities, this property offers flexibility for a variety of potential uses in a convenient Albany location.
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FeaturesGeneralHeating Gas Forced Air
Cooling Central Air
Ceiling Height 11'
Roof Dimensional Shingles
Parking Yes Garage Gravel Off-Street
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 2
Year Built 1925
New Construction No
Subdivision None
Stories Count 1
Township Delaware
Class COMMERCIAL
Type Office
Age 101
Inside City Limits Yes
Special Features 220 Volts Living Space Overhead Door 1 Alley
REO No
Status Detail 0
Area Delaware County
Location City
City Albany
Legal Description MURPHY ADD BLK 4 EXC NW TRI COR LOT 4
Virtual Tour https://www.zillow.com/view-imx/131149cd-0f39-460c-8019-ceb01dad5bd9?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Agent First Name Cortney
Agent Last Name Felton
DOM 1
Tax Year 2026
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ExteriorRoad Surface Asphalt
Road Access City
Exterior Brick Vinyl
Driveway Gravel
Lot Size Area 6534
Lot Dimensions 50x130
Parking Type Off Street
Fence None
Waterfront Y/N No
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InteriorFlooring Concrete Laminate
Basement/Foundation Slab
Walls Drywall Metal
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* Excluded FeaturesList ByCortney FeltonListing Agent
Nexthome Elite Real EstateBroker
cortney@mynexthomeelite.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,381
- Monthly Property Taxes
- $135
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyCommerical listings in Albany, IN
Average List Price $449,950
Percent of Sale Price 125%
About Albany, IN 2,192 Population
-3% Since 2002
$ 50,411 Median Income
43.73 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/6/2026 | $199,900 | | Listed Price |