12,000 sqft

$1,300,000

138 E Market Street, New Albany IN, 47150

Price per sqft$108.33

Built in1921

Property size12,000 sqft

Property typeCommercial

Courtesy of Kovener & Associates Real Esta, Tamara Barger Listing Contact:

Overview

Active

Listed Sep 12, 2026

Updated 3 weeks ago

Welcome to The Grand, a beautifully maintained, fully operational event venue in historic downtown New Albany. Located at 138 E Market Street, this established, income-producing property hosts weddings, receptions, proms, corporate functions, and private events. Its versatile layout, timeless architectural details, and convenient location near Louisville and major highways attract local and regional clientele. The turnkey sale includes more than $200,000 in inventory and equipment, including tables, chairs, linens, a stocked kitchen, coolers, prep equipment, a press, and more. The City of New Albany plans to restore and update the iconic marquee and exterior sign, enhancing curb appeal. Downtown revitalization and available business incentives offer additional upside.

Additional information

MLS^® ID: 22125827

Interior Features

Basement: No

Exterior Features

Lot Size: 0.17 Acres

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