About This Home

This 0-bedroom, 0-bathroom commercial at 331 Vincennes Street in New Albany, IN is listed for $249,900 ($146 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

1929
Listing Description

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

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

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 $249,900 ($146/sqft). The estimated monthly payment is $1,337 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.

CR

Candice Ritchie

Agent at GreenTree Real Estate Services

Listed by GreenTree Real Estate Services · Broker phone: (502) 930-0727 · Broker website

MLS# 2026010599· Source: Southern Indiana REALTORS Association· 90 days on PropertySimple

Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

331 Vincennes Street, New Albany, IN 47150

Open this listing in: