227 Pearl Street New Albany, IN 47150

Hannegan Hall is the prominent building on the corner of Market and Pearl Streets in Downtown New Albany. Erected in 1855, itâs one of the earliest commercial buildings near the river. From 1856 to 1934 it was the main downtown shoe store. Can you picture that? What a great space for display with t...he big picture windows wrapping around the corner. Use your imagination, what do you see in this space with extra tall ceilings and exposed brick? Thereâs 3,500 sq ft to work with on each of the three levels, so the sky is the limit! The second floor has been the sellerâs residence over the last thirty some years. The first floor were his offices, the second a unique and large apartment with several bedrooms, sitting rooms, formal dining room, and laundry. The third floor is a magnificent ballroom complete with antique bar, a dance floor, and a stage. And those windows! The view from the ballroom is breathtaking. The familyâs massive dining room table creates a grand dining room fit for a king that overlooks a courtyard. An artist studio with unbelievable natural light occupies the last space on the third floor. Each of the levels are fully separate from each other and there is an elevator to make multifamily living a viable business plan. The building also houses a beauty salon that has been a downtown staple for decades. This is a fantastic opportunity to nudge downtown New Albany along its evolutionary path by developing Hannegan Hall into its best 21st century self. Continue reading