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227 Pearl St

227 Pearl St, New Albany, IN 47150

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Overview

Located at the corner of Pearl Street and Market Street in the heart of Downtown New Albany, this beautifully designed creative office property offers approximately 7,388 SF across two elevator-served floors, with natural lighting throughout, outdoor amenities, and flexible occupancy options.

The property features approximately 3,394 SF per floor and is ideal for creative firms, professional office users, tech companies, agencies, coworking concepts, or headquarters seeking a unique urban setting with character and visibility.

The property offers immediate access to restaurants, retail, entertainment, and the Ohio River corridor. The location provides convenient connectivity to Louisville via I-64 and I-265, making it attractive for regional office users seeking an urban environment outside the CBD.

Highlights include:

  • Approximately 7,100 SF total
  • Two floors | ±3,550 SF per floor
  • Elevator-served building
  • Creative office layout with modern character
  • Balcony and outdoor deck space
  • Corner location at Pearl Street & Market Street
  • Excellent natural light and downtown views
  • Walkable Downtown New Albany location
  • Flexible leasing opportunity
  • Potential sale opportunity available.

Parking:

  • Pearl Street Parking Ramp: This structure provides 62 free parking spaces and is located directly within walking distance on the same street.
  • State Street Parking Garage: Located a couple of blocks away at 316 State Street. According to the City of New Albany Parking Guide, parking here features various monthly rates but is completely free on weeknights after 5:00 PM and all day on weekends.

Free Public Surface Lots

The city manages several designated public lots nearby that offer open parking or shopping-specific spots:

  • Black Street Lots (West and East): Situated just north of the downtown core, these two lots combine to offer 187 free public parking spaces.
  • Caboose Lot & State Street Shoppers Lot: These lots provide targeted free parking for shoppers and visitors exploring the immediate downtown businesses.
  • Farmer's Market Lot: Located nearby at 202 E Market Street, offering 17 free spaces outside of active market hours.

On-Street Metered Parking

  • Availability: Abundant metered spots line Pearl Street and Market Street.
  • Cost: Rates generally run between $1.25 to $1.50 per hour.
  • Enforcement: Meters are enforced from 7:00 AM to 6:00 PM, Monday through Saturday, meaning street parking is entirely free overnight and on Sundays.

All information provided in this listing including all attachments, images and links are for general review purposes only. While from sources deemed reliable, all information is subject to errors, omissions, deletions and updates without notice. The potential tenant or purchaser is responsible for verifying all information presented.

Lease Spaces

NameFloorRateSFVacantAvailable DateStatus
Office Space at The Prologue2 and 3$18.5 /SF/Year7,388 SFYes05/21/2026available

For Lease

Office

Secondary Uses: High-Tech, Coworking, Financial, Mixed Use

Lease Rate
$18.50 SF/year
Available SF
7,388 SF
Building Size
7,388 SF
Acres
0.076 ac
Is Vacant
Yes
Zoning
C-2
Zoning Desc.
General Business
Lease Type
Net
Expenses Type
NET
Signage
On Building
Showing
Contact Broker/Agent
Building Name
Office at The Prologue
Building Class
A
Year Built
1880
Nearest MSA
Louisville/Jefferson County
Tax ID Number
22-05-00-200-326.000-008
Property Status
Existing
County
Floyd
Available
05/21/2026
Listed
05/27/2026
Updated
05/28/2026
Listing ID
fb5ce56d
Parcel APN
22-05-00-200-326.000-008