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1604 State St

1604 State St, New Albany, IN 47150

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Overview

Take advantage of this completely renovated, free-standing building located in a rapidly developing commercial district, ideal for a wide range of uses including medical housing, office space, or even residential accommodations. With excellent visibility and signage, this property is sure to make an impact in a growing community.

Property Features:

  • Flexible Space: Currently set up for short- or long-term patient housing, but easily adaptable to office, medical, or other commercial uses.
  • Spacious Layout: The building includes 6-7 bedrooms, 3 full bathrooms, a full kitchen, laundry facilities, and a dining hall perfect for communal gatherings.
  • Recreational & Wellness Areas: Enjoy a game room for relaxation, as well as a salon space that could serve multiple purposes.
  • Fully Furnished: The property comes fully furnished, with furniture negotiable as part of the sale.
  • Prime Location: Situated in a TIF district, this property is surrounded by thriving commercial development, ensuring future growth and increased visibility.  Saint Edwards Hospital is only .4 miles from property and Floyd Memorial Hospital (also known as Baptist Health Floyd) is only 1.2 miles away. 
  • Nearby Amenities: Major retailers like Target, Home Depot, Chipotle, and Panera are all just moments away, offering a convenient location for staff, visitors, or tenants.

Why This Property?

  • Renovated & Move-In Ready: Completely updated with modern finishes throughout.
  • Flexible Use: Perfect for businesses looking for medical office space, residential care, or a mixed-use operation.
  • Growth Potential: Positioned in an area with increasing commercial activity, making it a solid investment for long-term gains.

For Sale

Healthcare
Sale Price
$900,000
Price Per SF
$227.85/SF
Building Size
3,950 SF
Acres
0.145 ac
Zoning
C-N Neighborhood Commercial Zone
Building Class
B
Floors
2
Year Built
1972
Parking Spaces
18
Property Use Type
Vacant/Owner-User
Property Status
Existing
Nearest Interstate
I265 - 0.1 mi
Nearest Hwy
U.S 150 - 0.1 mi
Nearest Airport
Louisville International Airport - 16 mi
County
Floyd
Available
08/06/2025
Listed
08/06/2025
Updated
01/13/2026
Listing ID
5a56c133
Parcel APN
22-05-03-400-128.000-008