About This Home
This 0-bedroom, 0-bathroom commercial at 331 Vincennes Street in New Albany, IN is listed for $299,900 ($175 per sqft). Built in 1929, the home offers 1,716 sqft of living space on a 0.07 acres lot.
Key Features
- Built in 1929
- 0.07 acre lot
Property Details
Excellent mixed-use investment opportunity in New Albany's growing Vincennes Street Up Town business district! Whether you're an investor seeking multiple income streams or an entrepreneur looking for the perfect live/work setup, this versatile property delivers.
The commercial space offers nearly 1,200 square feet and is currently configured as a successful beauty salon with room for 5-7 styling stations, two shampoo stations, 2 half baths, and a break room. The flexible floor plan could easily accommodate a salon, barbershop, spa, boutique, office, retail business, professional services, or many other small retail uses.
The property also includes a private one-bedroom apartment of over 500 square feet with its own entrance, rear parking pad, and a cozy green space ideal for generating additional rental income, housing an employee, or owner occupancy. Located in an area experiencing continued revitalization and growth, this property offers outstanding visibility, off-street parking, and endless possibilities.
Own your business, offset your expenses with rental income, or add a unique mixed-use property to your investment portfolio. Opportunities like this don't come along often!
Monthly Cost Estimate
$1,604/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
331 Vincennes Street
New Albany, IN 47150
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 331 Vincennes Street is listed at $299,900 ($175/sqft). The estimated monthly payment is $1,603 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1929, 0.07 acre lot.
This property is listed by Candice Ritchie and can be reached at (502) 930-0727.





