$1,300,000
( $108.33Per Sq Foot )
 $7,381 est/mo Sourced by Back At You

138 E Market Street,New Albany, IN 47150

New Albany, IN 47150

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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. Visit https://grandnewalbany.com/gallery for additional photos.

Details

MLS #2026011738
Listing TypeFor Sale
StyleBusiness
Sub-TypeResale
StatusActive
Year1921
Days On Site46
Listing Provided ByKovener & Associates Real Esta | Tamara Barger

Features

SQ Feet12,000
Acreage0.17

Taxes

Tax Annual Amount6569

Area Information

StateIN
CountyFloyd
CityNew Albany
Zip Code47150
Listing VS Median (in 47150)
Price:
$1,300,000
low | high
Med:
$246,900
100% of Average
sqft:
12,000
low | high
Med:
1,222
100% of Average
$ / sqft:
$108
low | high
Med:
$202
36.604386416259% of Average
On site:
46
low | high
Med:
104
44.230769230769% of Average
Sourced by Back At You

Market Activity 47150

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By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker McMahan at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Southern Indiana Board of REALTORS.

Contact

Learn More About This Property

Coldwell Banker McMahan

Coldwell Banker McMahan

 (502) 241-8811marketing@cbmcmahan.com
StateIN
CountyFloyd
CityNew Albany
Zip Code47150
Listing VS Median (in 47150)
Price:
$1,300,000
low | high
Med:
$246,900
100% of Average
sqft:
12,000
low | high
Med:
1,222
100% of Average
$ / sqft:
$108
low | high
Med:
$202
36.604386416259% of Average
On site:
46
low | high
Med:
104
44.230769230769% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $975K - $1.625M
sqft: 9,000 - 15,000
Nearby Listings Property ImageNearby Listings Details
207-209 E Main Street Property Photo 1
$1,590,000
207-209 E Main Street
New Albany, IN 47150
319 Pearl Street Property Photo 1
$1,575,000
319 Pearl Street
New Albany, IN 47150
Listing Updated: October 14, 2026 at 1:14:44 AM PDT

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Coldwell Banker McMahan Co

6402 Railroad Avenue
Crestwood, KY 40014
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© 2026 Coldwell Banker McMahan - 6402 Railroad Avenue.  Crestwood, KY 40014- 502.241.8811
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© 2026 Coldwell Banker McMahan. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker McMahan fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.


MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Imagine MLS.
The information is being provided by Greater Louisville MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Greater Louisville MLS. All Rights Reserved.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Kentucky Board of REALTORS.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Southern Indiana Board of REALTORS.
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