Renovated Three-Unit
For Sale
$995,000
1025 E Main St, Louisville, KY 40206
CM-zoned retail property includes three units, rear parking, and a patio.
Property Size2,464 SF
Price / SF$403.81
Days on Market146
Property Features for 1025 E Main St
General Information
Standard status
Active
Size
2,464 SF
Total Parking Spaces
5
Property subtype
Hospitality
Zoning
CM
Additional Details
Road Access
Yes
Amenities
rear patio
5 Parking Spaces
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
CORE Real Estate Partners
Listed By:
Tyler Smith · License #215060
(502) 558-8078
Source:
Kcrea.resimplifi
Added: May 21
Changed: Oct 11
Last Checked: Oct 12 at 4:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CORE Real Estate Partners
Investment Insights
Based on property information with market context.
This 2,464-square-foot retail property contains three units and has undergone renovation. Built in 1900, the storefront offers customer access from E. Main Street, along with a secondary rear entry via an alley connected to E. Washington Street. Rear parking and a patio are included in the property’s physical improvements.
The property is situated in Butchertown at Butcher Block, with neighboring businesses including Tartan House Cocktail Lounge, Moon Dog restaurant, Ten20 Brewery, and Naive. Its CM zoning and three-unit configuration support the existing short-term retail format described for the property.
The property is situated in Butchertown at Butcher Block, with neighboring businesses including Tartan House Cocktail Lounge, Moon Dog restaurant, Ten20 Brewery, and Naive. Its CM zoning and three-unit configuration support the existing short-term retail format described for the property.
Key Highlights
- 2,464 SF retail property with three units
- Newly renovated improvements in a building constructed in 1900
- CM zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,407
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,140
$568.1K
Cap Rate 7%
$405,814
$405.8K
Cap Rate 9%
$315,633
$315.6K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$44.4K $18.00/SF
− Vacancy
−$3.8K −$1.53/SF
EGI
$40.6K $16.47/SF
− OpEx
−$12.2K −$4.94/SF
NOI
$28.4K $11.53/SF
Area
Louisville, KY
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,140
Cap Rate 7%
$405,814
Cap Rate 9%
$315,633
Alternative Uses
Best Use
Retail
$405.8K
$355.1K – $473.5K
NOI $28,407 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$638.7K
$558.8K – $745.1K
NOI $44,707 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
1k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Prime Storage
Shops & Services
1,218 visits/mo
0.2 miles
Demographics for 40206, KY
20,196
Population
11,637
Households
1.7
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,482
Density / Sq Mi
$72,543
Median Household Income
$48,506
Median Earnings
$1,142
Median Rent
$276,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Louisville, KY
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Frequently Asked Questions
What type of property is this?
Storefront property - CM-zoned retail property includes three units, rear parking, and a patio.
Where is this storefront property located?
The property is located at 1025 E Main St Louisville, KY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,464 SF retail property with three units; Newly renovated improvements in a building constructed in 1900; CM zoning designation
