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222 Pearl St 18,129 SF 75% Leased Office Building New Albany, IN 47150 $2,720,640 CAD ($150.07 CAD/SF)
EXECUTIVE SUMMARY
A rare and historic opportunity. The White House, a department store from 1909-1977 is an iconic New Albany and Southern Indiana landmark
3 Stories with Elevator
Over 18,000 Leasable Sq Ft
Plus Common areas and Massive Basement
Current Rent Roll - $14,000 per month
Mixed Use, Office, Retail, Possible Residential
Dramatic Mezzanine Lobby
2 Commercial Bathrooms on Each Floor
Front and Rear Emergency Stairwells
Server Room on each floor, fiber optic,
Call Centers on 2nd and 3 Floors
3 Stories with Elevator
Over 18,000 Leasable Sq Ft
Plus Common areas and Massive Basement
Current Rent Roll - $14,000 per month
Mixed Use, Office, Retail, Possible Residential
Dramatic Mezzanine Lobby
2 Commercial Bathrooms on Each Floor
Front and Rear Emergency Stairwells
Server Room on each floor, fiber optic,
Call Centers on 2nd and 3 Floors
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
18,129 SF
Building Class
B
Year Built
1919
Price
$2,720,640 CAD
Price Per SF
$150.07 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,000 SF
Building FAR
1.89
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
Downtown - Historic Downtown New Albany - Mixed Use Retail, Hospitality, Medical, Residential, Office.
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Property Manager on Site
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Mariposa Fine Consignments & Boutiques
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Victory Cruise Lines
- Transportation and Warehousing
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Mariposa Fine Consignments & Boutiques | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Victory Cruise Lines | Transportation and Warehousing | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 22-05-00-200-262.000-008 | Improvements Assessment | $632,289 CAD |
| Land Assessment | $70,082 CAD | Total Assessment | $702,371 CAD |
PROPERTY TAXES
Parcel Number
22-05-00-200-262.000-008
Land Assessment
$70,082 CAD
Improvements Assessment
$632,289 CAD
Total Assessment
$702,371 CAD
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222 Pearl St
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