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138 E Market St 12,000 SF Specialty Building Offered at $1,904,714 CAD in New Albany, IN 47150
Investment Highlights
- Heavy traffic
- Renovated in 2002-2003
- Turnkey
Executive Summary
Welcome to The Grand, a beautifully maintained and highly sought-after event venue located in the heart of historic downtown New Albany. Located at 138 E Market Street, this established property offers a rare opportunity to acquire a fully operational, income-producing venue with a strong reputation for hosting weddings, receptions, proms, corporate functions, and private events.
Designed with both elegance and functionality in mind, the venue features a versatile layout that accommodates a wide range of gatherings, complemented by timeless architectural details that create a warm and inviting atmosphere. Its prime location—just minutes from Louisville with convenient access to major highways—continues to draw both local and regional clientele.
This is a true turnkey offering, including over $200,000 in existing inventory and equipment. The sale includes tables, chairs, linens, a fully stocked kitchen, coolers, prep equipment, a press, and more—allowing a new owner to step in and operate immediately without significant upfront investment.
Whether you are an investor or an entrepreneur entering the thriving events industry, The Grand offers income potential with room for continued growth.
Showings by appointment only. Visit https://grandnewalbany.com/gallery for additional photos!
Designed with both elegance and functionality in mind, the venue features a versatile layout that accommodates a wide range of gatherings, complemented by timeless architectural details that create a warm and inviting atmosphere. Its prime location—just minutes from Louisville with convenient access to major highways—continues to draw both local and regional clientele.
This is a true turnkey offering, including over $200,000 in existing inventory and equipment. The sale includes tables, chairs, linens, a fully stocked kitchen, coolers, prep equipment, a press, and more—allowing a new owner to step in and operate immediately without significant upfront investment.
Whether you are an investor or an entrepreneur entering the thriving events industry, The Grand offers income potential with room for continued growth.
Showings by appointment only. Visit https://grandnewalbany.com/gallery for additional photos!
Property Facts
| Price | $1,904,714 CAD | Building Size | 12,000 SF |
| Price Per SF | $158.73 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1921/2002 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Lodge/Meeting Hall | Parking Ratio | 0.5/1,000 SF |
| Building Class | C | Cross Streets | Pearl St |
| Lot Size | 0.18 AC | Opportunity Zone |
Yes
|
| Zoning | Commercial - Commercial/ Comm City Downtown District | ||
| Price | $1,904,714 CAD |
| Price Per SF | $158.73 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 12,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1921/2002 |
| Tenancy | Single |
| Parking Ratio | 0.5/1,000 SF |
| Cross Streets | Pearl St |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial/ Comm City Downtown District |
Amenities
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 22-05-00-200-300.000-008 | Improvements Assessment | $595,495 CAD |
| Land Assessment | $55,101 CAD | Total Assessment | $650,596 CAD |
Property Taxes
Parcel Number
22-05-00-200-300.000-008
Land Assessment
$55,101 CAD
Improvements Assessment
$595,495 CAD
Total Assessment
$650,596 CAD
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138 E Market St
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