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    601-611 East Jefferson St Louisville, KY 40202

    For Sale
    $4,600,000

    Three-story mixed-use building in Louisville's NuLu neighborhood.

    Property size:
    17,937 SF
    Lot size:
    0.54 Acres

    Property Features for 601-611 East Jefferson St

    General Information

    Size
    17,937 SF
    Lot size
    0.54 Acres

    Source: CORE Real Estate Partners Agent Alex Zega

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NuLu Mixed-Use Building For Sale

    This three-story mixed-use building is located in Louisville’s NuLu neighborhood. Originally constructed in 1865 as Herman Schroeder's grocery and redeveloped in 2020, the property is currently configured as a 16-room Micro-Boutique Hotel with fully leased ground-floor retail. The building provides flexibility for hospitality, Airbnb, mid-term rentals, multi-family, or other adaptive uses. The ground floor features over 4,500 square feet of retail space, fully leased to two established tenants: a 1,500-square-foot office and a 3,100-square-foot restaurant. The second and third floors house 16 rooms with apartment-style kitchens, suitable for short-term stays, an extended-stay hotel, Airbnb, or multi-family residential conversion. The sale includes all furniture and fixtures in the building. Ample on-site parking is available for guests and retail customers.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Dental Office Building Supply Auto Repair Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7605037
    Latitude
    38.2546327

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    FAQs

    What type of property is this?
    Hotel - Three-story mixed-use building in Louisville's NuLu neighborhood.
    Where is this hotel located?
    The property is located at 601-611 East Jefferson St Louisville, KY.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: - Prime NuLu location in Louisville's hottest neighborhood.; - Mixed-use building with fully leased ground-floor retail space.; - **16-room Micro-Boutique Hotel setup adaptable for hospitality, Airbnb, mid-term rentals, or multi-family use.**
    (502) 550-0408
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    Louisville, KY 40202
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    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
    601-611 East Jefferson St Louisville, KY 40202
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