# 138 E Market Street, New Albany, IN 47150

> **TL;DR:** commercial, $1,300,000, built 1921. Est. $6,953/mo. Listed 52 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,300,000 |
| Year Built | 1921 |
| Lot Size | 7,405 sqft (0.17 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 52 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,574 |
| Estimated Insurance | $379 |
| **Total** | **$6,953** |

## Property Highlights

- Built in 1921
- 0.17 acre lot

## Description

### Agent 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.

## Location

- **Address:** 138 E Market Street, New Albany, IN 47150
- **County:** Floyd
- **Coordinates:** 38.284863, -85.821702
- **Google Maps:** https://www.google.com/maps?q=38.284863,-85.821702

## Listing Agent

- **Name:** Tamara Barger
- **Brokerage:** Kovener & Associates Real Estate
- **Broker Phone:** (812) 565-9048

## Photos

![138 E Market Street - Photo 1](http://lh.rdcpix.com/4a23356b69302a5c2c1e552eebf85a06l-f1487193609r.jpg)

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---

**MLS#:** 22125827 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/138-e-market-street-new-albany-in-47150-2ea1a800caf14ed3be893b126a7cd698)

---

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