The Ballardvale Green is located in the Village center and is a public park and the site of memorials to Veterans from Ballardvale who served in all wars. The Green is a relatively new park to the village and contains two parcels of land. The first parcel on the south end of the park was the location of the Ballard Vale District Schoolhouse from 1848 to 1889. A new school was built in 1889 at 149 Andover St. later named Bradlee School in 1897.

The former schoolhouse was unique as it had two store fronts in the basement level, which brought in income money for the district. The building then served as a community center with a large hall on the top floor, the main floor was a polling place for the village and a branch of the Memorial Hall Library from May 6, 1913 to 1981. A flag pole on the site was erected in memory of Martha D. Byington the first Ballard Vale Librarian from May 6, 1913 - 1943. Ruth Sharpe was the last Ballardvale librarian. The Town condemned the building and it was razed in 1981. The library branch moved in the corner building at 195 Andover St.

The last store in the basement, "The Beverage Barn" owned by Robert Wilton relocated to the old warehouse building on Dale St.

The site was filled in, regraded, expanding the "Green" nearly one third larger in size. The north end of the park was an empty lot with a rather steep grade upward toward the Community Center building. More like an open field with a hard packed, well worn, dirt pathway, created by the kids as a shortcut, up to the the front entrance to the building from Center St. The lot was privately owned by Harry C. & May P. Nason and sold to the Town of Andover on July 10, 1957.

The Ballard Vale Green was created in the 1970s and has been a work in progress ever since. Now regraded and enclosed by granite posts linked together with chains, the park has granite benches, planted trees and memorial plaques honoring "The Sons and Daughters of Ballardvale of All the Wars". The park has become a gathering place in the village community at Memorial Day, Veterans Day, Fourth of July and a Holiday Christmas tree lighting and winter celebration.

The Ballard Vale Green and former Town Manager Richard Bowen, of Ballardvale, were recognized with a Preservation Award in 2003 for the transformation of the "Green" and Bowen's tireless work in improving the Village through the years.