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Listed by Tamara Barger • Kovener & Associates Real Esta
$ 1,300,000
Est. payment /mo
New
138 E Market ST New Albany, IN 47150
12,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $108
MLS Listing ID 22134965
Year Built 1921
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Mixed Use
Property Description
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!
Location
State IN
County Floyd
Zoning Commercial
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
New Construction false
Schools
School District New Albany-Floyd Co Con Sch
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