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1217 E Spring St
New Albany, IN 47150
Office Property For Sale
EXECUTIVE SUMMARY
Discover a Living Legacy in New Albany! Presenting the Alexander Dowling Home, a heritage-rich Italianate gem nestled at 1217 E. Spring Street in New Albany’s esteemed East Spring Street Historic District—Listed on the Historic Registry. A Historic Beacon of Legal Distinction originally owned by Alexander Dowling, an esteemed justice of the Indiana Supreme Court (1899–1905), this residence symbolizes legal prestige and local legacy. Dowling played pivotal roles in New Albany as a prosecuting attorney, city attorney, founder and president of the Mutual Trust and Deposit Company, and long-serving bank director. Architectural Grandeur & Timeless Style crafted in the Italianate style circa 1870, the home features hallmark characteristics—tall, narrow windows, intricate cornices, and a gracious, vertical elegance. An 1888 addition adds both charm and architectural depth to the structure. Its preservation as part of a historic district ensures its architectural integrity continues to shine. The home can be restored to it's original brilliance of a grandiose home or divided into multiple living spaces. This home also falls within proximity to the broader New Albany Downtown Historic District and many businesses. Seller is open to owner financing terms and/or a purchase contract as well. Parking lot next door is part of the property.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,936 SF
Building Class
C
Year Built
1929
Price
$823,117 CAD
Price Per SF
$103.72 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,509 SF
Building FAR
0.35
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
14 Spaces (1.76 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 22-05-02-800-540.000-008 | Improvements Assessment | $5,810 CAD |
| Land Assessment | $31,956 CAD | Total Assessment | $37,767 CAD |
PROPERTY TAXES
Parcel Number
22-05-02-800-540.000-008
Land Assessment
$31,956 CAD
Improvements Assessment
$5,810 CAD
Total Assessment
$37,767 CAD
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