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223 E Spring St 3,566 SF of Office/Medical Space Available in New Albany, IN 47150
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 3,566 SF | Negotiable | $22.96 CAD/SF/YR $1.91 CAD/SF/MO $81,880 CAD/YR $6,823 CAD/MO | Modified Gross |
2nd Floor
Position your business in one of Downtown New Albany’s most recognizable historic buildings, ideally located on Spring Street between Bank and Third, adjacent to the Carnegie Center. A local landmark since 1988, this second-floor space offers 3,566 SF of highly functional, natural light-filled office space with excellent parking and flexible layout options. The second floor suite available for lease features a strong mix of private offices and expansive open workspace, including two large corner offices, two mid-size offices, and a unique former bank vault—ideal for a secure storage, or creative workspace. Approximately 3,566 SF of open space is flooded with natural light and overlooks the atrium, making it perfect for a collaborative work environment. Tenants will enjoy access to a shared main-level lobby, elevator service, dedicated restroom, and two stairwells for safety and convenience. The first floor is occupied by a well-established pediatric practice. This opportunity is well-suited for professional office, creative, medical, or back-to-office users. If you’re looking for a character-rich downtown location with flexibility, visibility, and convenience, this space delivers!
- Listed rate may not include certain utilities, building services and property expenses
- Fits 9 - 29 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 223 E SPRING ST, NEW ALBANY, IN 47150
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Complete Pediatrics and Specialty Care
- Health Care and Social Assistance
- 1
- -
- Lorch Law Office LLC
- Professional, Scientific, and Technical Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Complete Pediatrics and Specialty Care | Health Care and Social Assistance | 1 | - |
| Lorch Law Office LLC | Professional, Scientific, and Technical Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 3,566 SF | Gross Leasable Area | 8,074 SF |
| Property Type | Retail | Year Built | 1988 |
| Property Subtype | Bank | Parking Ratio | 1.49/1,000 SF |
| Total Space Available | 3,566 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 8,074 SF |
| Year Built | 1988 |
| Parking Ratio | 1.49/1,000 SF |
ABOUT THE PROPERTY
Position your business in one of Downtown New Albany’s most recognizable historic buildings, ideally located on Spring Street between Bank and Third, adjacent to the Carnegie Center. A local landmark since 1988, this second-floor space offers 3,566 SF of highly functional, natural light-filled office space with excellent parking and flexible layout options. The second floor suite available for lease features a strong mix of private offices and expansive open workspace, including two large corner offices, two mid-size offices, and a unique former bank vault—ideal for a secure storage, or creative workspace. Approximately 3,566 SF of open space is flooded with natural light and overlooks the atrium, making it perfect for a collaborative work environment. Tenants will enjoy access to a shared main-level lobby, elevator service, dedicated restroom, and two stairwells for safety and convenience. The first floor is occupied by a well-established pediatric practice. This opportunity is well-suited for professional office, creative, medical, or back-to-office users. If you’re looking for a character-rich downtown location with flexibility, visibility, and convenience, this space delivers!
NEARBY MAJOR RETAILERS
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223 E Spring St
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