Business suffered during the COVID-19 pandemic, and Grand Prospect Hall closed in March 2020. Two months later, on May 6, Michael Halkias died at the age of 82 due to complications from COVID-19. In June 2020, the building was sold, along with eleven other adjacent properties, to contractor Angelo Rigas for $30 million. The interior was largely auctioned off before the sale was announced, with some of the decorations and fixtures sold to other local businesses and antiques sellers.
