138 E Market Street, New Albany, IN 47150

$1,300,000
12,000
SqFt

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List Price
$1,300,000
Status
ACTIVE
Days on Market
2
MLS#
2026011738
Subtype
Commercial Sale
Year Built
1921
Living Area
12,000
Lot Size
7,405
Acres
0.17

Property Description

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. Visit https://grandnewalbany.com/gallery for additional photos.

Additional Information

Taxes
$6,569

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Calculator source: Real Geeks

Listing courtesy of Kovener & Associates Real Esta.