About This Home

This 0-bedroom, 0-bathroom commercial at 138 E Market Street in New Albany, IN is listed for $1,300,000. Built in 1921, on a 0.17 acres lot.

Key Features

  • Built in 1921
  • 0.17 acre lot

Property Details

1921
Listing Description

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.

Monthly Cost Estimate

$6,953/mo

20% down · 6.5% · 30 years

Principal$940
Interest$5,633
Insurance$379

Estimates only. Actual payments may vary.

Location

138 E Market Street

New Albany, IN 47150

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 138 E Market Street is listed at $1,300,000. The estimated monthly payment is $6,953 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1921, 0.17 acre lot.

This property is listed by Tamara Barger.

TB

Tamara Barger

Agent at Kovener & Associates Real Estate

Listed by Kovener & Associates Real Estate · Broker phone: (812) 565-9048

MLS# 22125827· Source: Broker Listing Cooperative®· 50 days on PropertySimple

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138 E Market Street, New Albany, IN 47150

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