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Wedding and Event Venue

138 E Market St, New Albany, IN 47150

For Sale
New
$1,300,000

An operating event business accommodates weddings, receptions, proms, corporate gatherings, and private celebrations.

Property Size12,000 SF
Price / SF$108.33
Days on Market1

Property Features for 138 E Market St

General Information

Standard status Active
Size 12,000 SF
Property subtype Commercial

Additional Details

Business Included Yes
Highway Access Yes
Currently Operating Yes

Building Details

Year Built 1921
Abandoned No
Listing Agency: Semonin Realtors
Listed By: Ward Realty Services
Source: Wardrealtyservices
Added: Nov 6 Last Checked: Nov 6 at 2:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Semonin Realtors

Rey
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Investment Insights

Based on property information with market context.

The Grand is a 12,000-square-foot event venue at 138 E Market St in New Albany. Built in 1921, the property operates as an event business serving weddings, receptions, proms, corporate gatherings, and private celebrations. The sale includes tables, chairs, linens, kitchen and prep equipment, coolers, and a press.

The venue is in downtown New Albany, with access to Louisville and major highways. The City of New Albany has discussed restoration and updates to the marquee and exterior sign, but no timing or completion has been confirmed.

Key Highlights

  • 12,000‑square‑foot event venue
  • Operating business hosts weddings, receptions, proms, corporate gatherings, and private celebrations
  • Built in 1921

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

The Grand Wedding Service

Suggested Use

Top Pick HVAC Service Dental Office (Bike/Boat/Book/etc) Store Catering Service Butcher Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,093
Businesses Nearby

Demographics for 47150, IN

49,395
Population
22,834
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
1,098
Density / Sq Mi
$62,212
Median Household Income
$40,837
Median Earnings
$984
Median Rent
$191,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Frequently Asked Questions

What type of property is this?
Wedding venue - An operating event business accommodates weddings, receptions, proms, corporate gatherings, and private celebrations.
Where is this wedding venue located?
The property is located at 138 E Market St New Albany, IN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 12,000‑square‑foot event venue; Operating business hosts weddings, receptions, proms, corporate gatherings, and private celebrations; Built in 1921
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