Historic Downtown Louisville Redevelopment
For Sale
Contact for pricing
1521 W Market St, Louisville, KY 40203
Historic downtown building for redevelopment with mixed-use potential.
Property Size7,120 SF
Price / SF$60.25
Days on Market189
Property Features for 1521 W Market St
General Information
Standard status
Active
Size
7,120 SF
Property subtype
Mixed Use, Multifamily, Retail
Building Details
Year Built
1890
Units
8
Listing Agency:
Key Point Realty
Listed By:
Senahid Bektas · License #295475
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Jul 15 at 10:24PM
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 Key Point Realty
Investment Insights
Based on property information with market context.
Located in downtown Louisville, Kentucky, this historic commercial building presents a redevelopment opportunity for experienced developers. The vacant property, situated at 1521 – 1523 – 1525 – 1527 West Market St, comprises approximately 9,500 square feet of flexible space across four separate street addresses. The property requires full redevelopment and is offered as-is, with cash buyers preferred. Potential uses include mixed-use development with retail and residential components, multifamily conversion, boutique office space, or other adaptive reuse projects. The location benefits from high visibility and a walkable urban environment, with proximity to offices, retail, and services. The property offers value-add potential through full historic renovation, modern interior redesign, and unit reconfiguration. Redevelopment considerations include historic renovation approvals and a full rehabilitation scope. The property may qualify for Federal and Kentucky Historic Tax Credits, potentially offsetting a significant portion of qualified rehabilitation costs.
Key Highlights
- Historic downtown Louisville property with significant redevelopment potential.
- Multiple addresses (1521‑1527 West Market St) offering flexibility in redevelopment.
- Vacant property allows for full design control and avoids tenant relocation issues.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Explore this area
Business Placement
Demographics for 40203, KY
16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic downtown building for redevelopment with mixed-use potential.
Where is this mixed-use property located?
The property is located at 1521 W Market St Louisville, KY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Historic downtown Louisville property with significant redevelopment potential.; Multiple addresses (1521‑1527 West Market St) offering flexibility in redevelopment.; Vacant property allows for full design control and avoids tenant relocation issues.
