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222 Pearl St 18,129 SF 75% Leased Office Building New Albany, IN 47150 $1,950,000 ($107.56/SF)
Executive Summary
A rare and historic opportunity. The White House, a department store from 1909-1977 is an iconic New Albany and Southern Indiana landmark
3 Stories with Elevator
Over 18,000 Leasable Sq Ft
Plus Common areas and Massive Basement
Current Rent Roll - $14,000 per month
Mixed Use, Office, Retail, Possible Residential
Dramatic Mezzanine Lobby
2 Commercial Bathrooms on Each Floor
Front and Rear Emergency Stairwells
Server Room on each floor, fiber optic,
Call Centers on 2nd and 3 Floors
3 Stories with Elevator
Over 18,000 Leasable Sq Ft
Plus Common areas and Massive Basement
Current Rent Roll - $14,000 per month
Mixed Use, Office, Retail, Possible Residential
Dramatic Mezzanine Lobby
2 Commercial Bathrooms on Each Floor
Front and Rear Emergency Stairwells
Server Room on each floor, fiber optic,
Call Centers on 2nd and 3 Floors
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
18,129 SF
Building Class
B
Year Built
1919
Price
$1,950,000
Price Per SF
$107.56
Percent Leased
75%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,000 SF
Building FAR
1.89
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
Downtown - Historic Downtown New Albany - Mixed Use Retail, Hospitality, Medical, Residential, Office.
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Property Manager on Site
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Mariposa Fine Consignments & Boutiques
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Victory Cruise Lines
- Transportation and Warehousing
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Mariposa Fine Consignments & Boutiques | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Victory Cruise Lines | Transportation and Warehousing | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 22-05-00-200-262.000-008 | Improvements Assessment | $448,400 |
| Land Assessment | $49,700 | Total Assessment | $498,100 |
Property Taxes
Parcel Number
22-05-00-200-262.000-008
Land Assessment
$49,700
Improvements Assessment
$448,400
Total Assessment
$498,100
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222 Pearl St
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