141 East Main Street, New Albany, IN 47150

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Mike K.

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141 East Main Street is aretail property for lease in New Albany, IN.

Downtown New Albany continues to grow and is an area that businesses find attractive for their service, restaurant and retail operations. Over the last 7 years there have been about 145 businesses find downtown as a great place to do business. A concentrated area of more than 10 blocks of safe and friendly downtown walking. The residential factor is growing as well as many 2nd & 3rd floor spaces are being created and renovated for some really cool hip and funky urban style living. A new "upscale" apartment development of 191 units for 2016 has begun on the former Coyle Auto Dealership adding about another 300 residents to Downtown. This building could also be a great example of creating more living space upstairs for urban loft style and retail or restaurant downstairs with ample storage in the lower level. Believe it or not, there are apartments priced from $525 to $2000 per month. Though there are only a few at $1100 per month, they are growing in numbers. The owner also has additional parking lot that is for sale separate from this building that is just feet away. An interested buyer may make an offer for both as one price. Visit Downtown, bring a friend or three and check out the restaurants, retail, the YMCA, the riverfront, some really fantastic architectural offerings as you are in a historic district. Incentives are available that may include some façade grant improvement money, the Horseshoe Foundation low interest loan upto $50,000, free guidance and assistance from the ISBDC group, a $1000 per year 3 way liquor license in the Riverfront Redevelopment District and being in the( UEZ) Urban Enterprises Zone. Come down and check it out. Get Down in Downtown!! Call me for an appt. Mike

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