Building Details

Year built 1980

Floors in Building 1

Building materials Block

Roof type Metal

Listing Agency: New Doors Real Estate Show Phone

Listed By: Charles D Beaman Show Phone

Added: May 1 Changed: Aug 4 Last Checked: Aug 6 at 9:06PM

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MLS# 26009655

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located in the heart of Wilmore's active downtown district, this commercial building offers a prime opportunity. The one-story building, with 1,867 square feet of space per appraisal, is situated on a 30' x 100' lot. It is located steps from Asbury Theological Seminary and minutes from Asbury University, surrounded by local shops and dining, benefiting from daily foot traffic. Currently, the property is occupied by a cafe, restaurant, and catering business that has been serving the community for over 20 years. The tenant operates on a month-to-month basis and has expressed a desire to remain. Effective July 1, 2026, the rent has been increased to $1,050 per month ($6.75/SF/YR). The tenant holds a right of first refusal to purchase the property, including a ten (10) day period to elect to match the terms of any bona fide third-party offer. This property is suitable for investors seeking a value-add or stable income opportunity, as well as owner-users looking to establish a presence in one of Central Kentucky's communities.

Key Highlights

• Prime location in the heart of Wilmore's active downtown
• Immediate in‑place income with a tenant (Solomon's Porch) who desires to remain
• Rent increase to $1,050/month ($6.75/SF/YR) effective July 1, 2026

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Daycare Center Catering Service Cafe & Coffee Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

288

Businesses Nearby

14k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 86% Groceries 14%

Dollar General Shops & Services

5,827 visits/mo 0.1 miles

Shell Shops & Services

5,821 visits/mo 0.3 miles

Fitchs Iga #7356 Groceries

2,036 visits/mo 0.1 miles

WesBanco Shops & Services

603 visits/mo 0.0 miles

Demographics for 40390, KY

7,469

Population

2,598

Households

2.9

Avg Household Size

33

Median Age

41%

College-Educated

93%

High-School Grad

24.7 sq mi

ZIP Area

302

Density / Sq Mi

$71,731

Median Household Income

$29,751

Median Earnings

$833

Median Rent

$219,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - 1,867 SF commercial building in walkable downtown Wilmore.

Where is this conventional restaurant located?

The property is located at 111 E Main Street Wilmore, KY.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: Prime location in the heart of Wilmore's active downtown; Immediate in‑place income with a tenant (Solomon's Porch) who desires to remain; Rent increase to $1,050/month ($6.75/SF/YR) effective July 1, 2026