Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    121 E 2Nd St Owensboro, KY 42303

    For Sale
    $4,000,000

    Office, Free-standing - Owensboro, KY

    Type:Office
    Property size:
    30,600 SF
    Days on Market:
    89
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 121 E 2Nd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Parking features
    Garage, Off Street
    Size
    30,600 SF

    Utilities

    Cooling system
    Central Air, Electric

    Building Details

    Flooring type
    Carpet, Tile, Vinyl
    Architectural style
    Other

    RISNER AND ASSOCIATES REALTY, INC (270) 926-1400 [email protected]

    Listing agent Joann Risner (270) 926-1400 License #27164

    Listing date Sep 10, 2025

    MLS# 76897 Listing URL

    Copyright © 2025 Greater Owensboro Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Downtown Owensboro Commercial Building

    Located in downtown Owensboro, this four-story commercial building dates back to the early 1900s. Formerly the McAtee Lyddane & Ray department store, the property has been completely renovated into a commercial building that blends modern amenities with distinctive architectural styles. The building is currently at 100% capacity, housing multiple businesses ranging from retail to specialty services. Each floor features offices with views of the downtown area, customized meeting rooms, employee break rooms, restrooms, and receptionist areas. A full-time maintenance individual is on site. Updates include a new roof and HVAC systems installed in 2016. The property is connected directly to a parking garage with ample parking and is adjacent to the Riverpark Center, the museum, and other downtown businesses. It is within walking distance of restaurants, shopping, Smothers Park, the riverfront, hotels, and the convention center. There is an opportunity to expand the unfinished basement. The property has a size of 30600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    55 Gallon Drums ... Barrel Supplier Nick Goetz: Gordon ... Attorney Bryce L. Caldwell, ... Attorney Daviess County Probation ... Probation Office Johnson J Andrew Attorney

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owensboro
    County
    Daviess
    State
    Kentucky
    Longitude
    -87.11028
    Latitude
    37.7752888

    Nearby Similar for Sale

    • $3,800,000
      25,360 SF

      Owensboro Office Investment Opportunity

      High-traffic office complex with expansion potential in Owensboro, Kentucky.
      3108 Fairview Dr, Owensboro, KY 42303
      View Details
    • $739,000

      Downtown Owensboro Mixed-Use Opportunity

      Prime downtown building with retail and residential development potential.
      511-513 Frederica St, Owensboro, KY 42301
      View Details
    • $1,350,000

      Downtown Investment Property with Multiple Streams

      Turnkey bar, office space, and luxury apartment in Owensboro.
      119 East 2Nd St, Owensboro, KY 42303
      View Details
    • $595,000
      5,057 SF

      Historic Church Building with Amenities

      Century-old church with classrooms, offices, meeting hall, and kitchen.
      1400 Breckenridge St, Owensboro, KY 42303
      View Details
    • $445,000
      5,168 SF

      Downtown Mixed-Use Property with Potential

      Over 5,000 sq ft mixed-use property in downtown Owensboro.
      107 W 3Rd St, Owensboro, KY 42303
      View Details
    • $2,600,000

      Income-Producing 40-Unit Apartment Complex

      Fully stabilized apartment complex with consistent rent roll and strong demand.
      1001 W Parrish Ave, Owensboro, KY 42301
      View Details

    FAQs

    What type of property is this?
    Office building - Four-story commercial building in downtown Owensboro, fully renovated with modern amenities.
    Where is this office building located?
    The property is located at 121 E 2Nd St Owensboro, KY.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Prime downtown location at 2nd and Daviess Street, adjacent to the Riverpark Center and other businesses, with convenient access to amenities.; - **Completely renovated 4-floor commercial building with modern amenities and distinctive architecture.**; - Currently 100% occupied, generating income with potential for expansion in the unfinished basement.
    (270) 926-1400
    Request Owner's contact information
    121 E 2Nd St Owensboro, KY 42303
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    121 E 2Nd St
    Owensboro, KY 42303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 E 2Nd St Owensboro, KY 42303
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.