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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 Nov 4, 2026

Updated 2 days ago

Own a downtown landmark and the opportunity that comes with it! The Grand at 138 E Market Street combines timeless character, an established event business, and an exceptional setting in historic downtown New Albany. This fully operational, income-producing venue hosts weddings, receptions, proms, corporate gatherings, and private celebrations, with a versatile layout and distinctive architectural details that create a memorable backdrop for every occasion. Convenient access to Louisville and major highways attracts local and regional clientele. The turnkey sale includes more than $200,000 in inventory and equipment, including tables, chairs, linens, kitchen equipment, coolers, prep equipment, a press, and more providing the essentials to continue operations and bring your vision to life. The City of New Albany has discussed potential restoration and updates to the iconic marquee and exterior sign; however, timing and completion have not been confirmed. Ongoing downtown revitalization and potential business incentives add to the opportunity for a new owner to build on The Grand's established presence. Explore the possibilities and make The Grand's next chapter your own!

Additional information

MLS® ID
22134965

Interior Features

Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Municipality
New Albany

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All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Amanda Cottingham Johnson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 5:13 AM UTC on 11/6/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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