138 E Market Street New Albany, IN $ 1,300,000
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*

$ 8,979

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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.

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!

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Commercial Active

Price

$ 1,300,000

Property Type

Commercial

Taxes

$ 15,554

Style

Mixed Use

Lot Size

0.17

Year Built

1921

Town/City

New Albany

County/Region

Floyd

MLS | Web ID

22134965

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 Mixed Use
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 Y
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 Other
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

$10,275
Per Month
87%
13%
0%
Monthly Principal & Interest
$8,979
Monthly Property Taxes
$1,296
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
Pricing History
DatePricePrice ChangeDescription
11/4/2026$1,300,000 Listed Price

Map


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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