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222 Pearl St 25,329 SF 75% Leased Office Building New Albany, IN 47150 $1,790,000 ($70.67/SF) 9.39% Cap Rate
Executive Summary
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
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 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Positioned on the third floor of The White House, a historic mixed-use landmark in the heart of downtown New Albany, this office space offers an exceptional environment for professional users seeking a blend of architectural character and modern infrastructure. The ±8,443 SF floor is elevator-served with secure access and can be leased in its entirety or divided into smaller office configurations to accommodate tenant flexibility. The current buildout features multiple private offices, conference rooms, commercial restrooms, dedicated break room, and open common areas. A fiber-ready server room is in place to support high-demand connectivity needs for call centers, creative firms, and corporate back-office operations. Life-safety features include dual stairwells and full compliance from entry to emergency egress. Located along Pearl Street within an established commercial district, the property offers walkable access to local dining, retail, and a thriving downtown business community. Its prominent appearance and convenient connectivity make this an excellent choice for tenants looking to establish a professional presence in New Albany's central business area.
| Space | Size | Space Use | Build-Out | Available |
| 3rd Floor | 8,443 SF | Office | Full Build-Out | Now |
3rd Floor
| Size |
| 8,443 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size | 8,443 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Positioned on the third floor of The White House, a historic mixed-use landmark in the heart of downtown New Albany, this office space offers an exceptional environment for professional users seeking a blend of architectural character and modern infrastructure. The ±8,443 SF floor is elevator-served with secure access and can be leased in its entirety or divided into smaller office configurations to accommodate tenant flexibility. The current buildout features multiple private offices, conference rooms, commercial restrooms, dedicated break room, and open common areas. A fiber-ready server room is in place to support high-demand connectivity needs for call centers, creative firms, and corporate back-office operations. Life-safety features include dual stairwells and full compliance from entry to emergency egress. Located along Pearl Street within an established commercial district, the property offers walkable access to local dining, retail, and a thriving downtown business community. Its prominent appearance and convenient connectivity make this an excellent choice for tenants looking to establish a professional presence in New Albany's central business area.
Property Taxes
| Parcel Number | 22-05-00-200-262.000-008 | Improvements Assessment | $580,600 (2025) |
| Land Assessment | $49,700 (2025) | Total Assessment | $630,300 (2025) |
Property Taxes
Presented by
222 Pearl St
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