Historic Downtown Louisville Redevelopment
1521 W Market St, Louisville, KY 40203
For Sale
$349,000
Historic downtown building for redevelopment with mixed-use potential.
Property Size7,120 SF
Price / SF$49.02
Days on Market233
Property Features for 1521 W Market St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Amenities
Water
Sewer
Natural Gas
Vacant
Building Details
Year Built
Listing Agency:
Key Point Realty
Listed By:
Senahid Bektas · License KY #295475
(502) 767-0199
Source:
Kcrea.resimplifi
Added: Mar 27
Changed: Nov 2
Last Checked: Nov 14 at 2:10AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$179,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Louisville, KY
Properties on Market for Mixed-use properties in Louisville
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 $349,000.
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.
