Louth livestock market could become an events hub including a drive-thru cinema and car wash as it looks to diversify and increase income streams.
The mart has submitted plans to the council to host various activities at the venue, after the local council voted to save the market last year.
Last year, East Lindsey District Council announced it was considering closing the market altogether.
Cattle trading has been a major part of Louth since the 1600s and the council has a legal obligation to provide a livestock market.
However, one option considered was to remove this obligation at a cost of £200,000.
But following a lot of support from the local community to keep the mart open, East Lindsey District Council voted to withdraw from the sale of the site and refurbish it instead and the operators were now looking to diversify into new income streams for the future.
Auctioneer Russell Jeanes said they had submitted a planning application and were now waiting for the council to check and hopefully approve the plans.
“It is using the site for things like farmers markets. We are looking at what some other markets are doing around the country,” he said.
“We have also been in discussions with a firm that does car washes about use of the facilities when we are not using it. It is to try and cover as many potential income stream opportunities as we can.”
He said the businesses they had been in discussions with were enthusiastic about the opportunities there.
“We are already holding car boot sales regularly now and we recently had an orienteering event at the market.”
Other plans included theatre, shops, offices and a café.
“The mart is in quite a remote area. It is a big county with not a huge amount of people. You have to travel to get to quite a lot of things,” Mr Jeanes added.