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Investment Highlights

  • Three-story, 14,260 SF mixed-use building with significant upside through renovation and repositioning.
  • Opportunity to create diversified revenue through residential and commercial tenancy.
  • Ideal for apartments, office, retail, or a mixed-use configuration—design to meet market demand.

Executive Summary

Excellent redevelopment opportunity featuring a 14,260 SF, three-story mixed-use building located in the heart of Alexandria, Indiana. The property includes recent capital improvements with a new HVAC system and roof, providing a strong structural foundation for future development. Tall ceilings on the first floor adds to the charm.
This versatile asset offers multiple use possibilities, including residential apartments, office space, retail, or a combination mixed-use concept. The building requires interior renovation, making it an ideal value-add project for investors or developers seeking to reposition a well-located asset.
With solid construction and significant upside potential, this property presents a rare opportunity to create a customized income-producing asset in a growing local market.
Three-Phase Power & Gas Available.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
14,260 SF
Year Built
1900
Price
$149,500
Price Per SF
$10.48
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.34
Lot Size
0.14 AC
Zoning
B1 - Alexandria City - B1 - Alexandria City Jurisdiction
Frontage
50’ on North Harrison Street

Amenities

  • Corner Lot
  • Air Conditioning
Fairly walkable
40/100
Moderately drivable
70/100
Somewhat bikeable
30/100

Nearby Major Retailers

Huntington National Bank
PNC Bank
First Merchants Bank
  • Listing ID: 40088143

  • Date on Market: 4/9/2026

  • Last Updated:

  • Address: 301 N Harrison St, Alexandria, IN 46001

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