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

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

Additional information

MLS^® ID: 2026011738

Interior Features

Basement: No

Exterior Features

Lot Size: 0.17 Acres

Other Property Details

Taxes: $6,569
Tax Frequency: Annually

Listed by Tamara Barger with Kovener & Associates Real Esta
Listing Contact: 812-565-9048

The IDX display contains information sourced from the Southern Indiana REALTORS® Association as of 9/13/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/13/2026 at 3:42 AM UTC