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138 E Market Street New Albany, IN $ 1,300,000
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$ 1,300,000 Get more info
138 E Market Street
$ 1,300,000
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138 E Market Street

New Albany, IN, 47150
$ 1,300,000
Bedrooms-- Baths-- Sq 12,000

Monthly Estimate*

$ 8,208

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Commercial Property for sale in New Albany, IN

for $1,300,000. This 12,000 square foot building was built in 1921 on a lot size of 0.17.

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.

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Commercial Active

Price

$ 1,300,000

Property Type

Commercial

Taxes

$ 6,570

Style

Business

Lot Size

0.17

Year Built

1921

Town/City

New Albany

County/Region

Floyd

MLS | Web ID

22125827
Features
General
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Negotiable
Zoning Commercial
Security Features Fire Sprinkler System Security System
Year Built 1921
Township New Albany
Property Subtype Business
Tax Year 2025
Current Use See Remarks
Building Name Grand
County Floyd
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City New Albany
High School District New Albany-Floyd Co Con Sch
MLS Area 2204 - Floyd - New Albany
Lot Size Square Feet 7405
Additional Parcels Y/N N
Standard Status Active
Tax Lot 93
Legal Description P 93 L 9 & W 60' L 16 #61 (22-05-00-200-301.000-008) & Prt L 14 9.63 Ft #64 (22-05-00-200-304.000-008)
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Exterior
Parking Features Common
Building Area Total 12000
Lot Size Acres 0.17
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* Excluded Features
List By
Kovener & Associates Real Esta

Broker

tamarab1645@gmail.com

Email

Affordability Calculator

$8,756
Per Month
94%
6%
0%
Monthly Principal & Interest
$8,208
Monthly Property Taxes
$548
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4422898 Elementary School
4422899 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/13/2026$1,300,000 Listed Price

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138 E Market Street, New Albany, IN, 47150 is a Commercial Property for sale at $1,300,000 with 12,000 sqft and a lot size of 0.17. 138 E Market Street was built in 1921. The property's zip code is 47150 which is in New Albany, IN

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