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Wedding Venue with Event Equipment
New
For Sale
$1,300,000

138 E Market Street, New Albany, IN 47150

Commercial Sale, New Albany, IN

Property SizeContact for details
Lot Size0.17 Acres
Days on Market3

Property Features for 138 E Market Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Security features Security System
Elementary school district New Albany-Floyd Co Con Sch
Middle school district New Albany-Floyd Co Con Sch
High school district New Albany-Floyd Co Con Sch
Directions GPS Friendly
Subdivision 2204 - Floyd - New Albany
Standard status Active
APN 220500200300000008
Lot size 0.17 Acres

Tenancy & Operations

Currently Operating Yes
Business Included Yes

Taxes and HOA fees

Tax Year 2025
Tax Description P 93 L 9 & W 60' L 16 #61 (22-05-00-200-301.000-008) & Prt L 14 9.63 Ft #64 (22-05-00-200-304.000-008)
Tax Annual Amount 15554
Legal Description P 93 L 9 & W 60' L 16 #61 (22-05-00-200-301.000-008) & Prt L 14 9.63 Ft #64 (22-05-00-200-304.000-008)

Building Details

Year built 1921
Listing Agency: Kovener & Associates Real Esta
Listed By: Tamara Barger · License #RB23001253
Added: Nov 4 Last Checked: Nov 6 at 12:06PM
MLS# 22134965

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.

Rey
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Investment Insights

Based on property information with market context.

Located at 138 E Market Street in New Albany, this operating wedding and event venue dates to 1921 and occupies a 0.17-acre site. Its event business accommodates weddings, receptions, proms, corporate gatherings, and private celebrations. The sale includes tables, chairs, linens, kitchen and preparation equipment, coolers, a press, and other inventory and equipment for venue operations.

The property is in downtown New Albany, with access to Louisville and major highways. Commercial zoning is identified for the site.

Key Highlights

  • Operating venue hosts weddings, receptions, proms, corporate events, and private celebrations
  • 1921 building on a 0.17‑acre site
  • Sale includes tables, chairs, linens, kitchen equipment, coolers, prep equipment, and a press

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

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
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Frequently Asked Questions

What type of property is this?
Wedding venue - Commercial zoning and an established operation support weddings, receptions, corporate gatherings, and private celebrations.
Where is this wedding venue located?
The property is located at 138 E Market Street 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: Operating venue hosts weddings, receptions, proms, corporate events, and private celebrations; 1921 building on a 0.17‑acre site; Sale includes tables, chairs, linens, kitchen equipment, coolers, prep equipment, and a press
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