Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    221 S Main St Beaver Dam, KY 42320

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,999

    0.84 acre development opportunity in downtown Beaver Dam, Kentucky.

    Type:Land
    Lot size:
    0.84 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    241
    Last Refresh:
    Jan 20 at 8:14 am

    Property Features for 221 S Main St

    General Information

    Standard status
    Active
    Lot size
    0.84 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Erika Wiggins Crowell

    Listing agent Erika Wiggins Crowell

    Listing office RE/MAX PROFESSIONAL REALTY GROUP

    Listing date Aug 6, 2025

    Source Exprealty

    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 RE/MAX PROFESSIONAL REALTY GROUP

    Overview

    Downtown Beaver Dam Development Opportunity

    Located in downtown Beaver Dam, Kentucky, this 0.84-acre property at 221 S Main Street presents a development opportunity suitable for entertainment or commercial use. The site is designed to accommodate a single-story commercial building of approximately 27,422 square feet, with alternate designs showing potential for 21,500 square feet plus 5,922 square feet of drive-thru usage. The property benefits from its location within an entertainment and business park, home to the Beaver Dam Amphitheater, which has attracted over 500,000 people since 2014. The site has access to Highway 231 and is 3.5 miles from the Western Kentucky Parkway and I-65 corridor. The Average Daily Traffic count is 22,320, according to ArcGIS Online.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaver Dam
    County
    Ohio
    State
    Kentucky
    Longitude
    -86.8757
    Latitude
    37.4042

    Nearby Similar for Sale

    • $990,000

      Turnkey Commercial Property in Beaver Dam

      Versatile commercial property suitable for automotive, retail, or restaurant businesses.
      1580 N Main, Beaver Dam, KY 42320
      View Details
    • $239,000
      4,200 SF

      Historic Mixed-Use Building in Beaver Dam

      Mixed-use building with restaurant and apartment potential in downtown.
      107 N Main St, Beaver Dam, KY 42320
      View Details
    • $220,000
      900 SF

      46 Acre Country Paradise

      46 acre farm/estate with cabin near Beaver Dam, KY.
      2861 Vine Hill Rd, Beaver Dam, KY 42320
      View Details
    • $49,000

      5 Acres of Vacant Land

      Five acres in Beaver Dam, Kentucky, ideal for homesteading.
      0 Horton Spur, Beaver Dam, KY 42320
      View Details
    • $242,000

      Secluded Timbered Land in Beaver Dam

      72± acre wooded tract with privacy and recreation.
      000 Pigeon Ridge Ln, Beaver Dam, KY 42340
      View Details
    • $239,000

      Historic Mixed-Use Building in Kentucky

      Mixed-use building with restaurant and apartment potential in Beaver Dam.
      107 N Main Street Road, Beaver Dam, KY 42320
      View Details
    • $20,000

      Corner Lot in Briarwood Estates

      0.631 acre corner lot with mature trees and shed.
      0 Duff Rd - Lot 10, Beaver Dam, KY 42320
      View Details
    • $45,000

      Residential Lot in Beaver Dam

      1.512 acre residential lot with water meter in place.
      87 Hope St, Beaver Dam, KY 42320
      View Details
    • $45,000

      Cleared Land with Pond

      Building site in Ohio County, mostly cleared, features a pond.
      Tract 2 Vine Hill Road, Beaver Dam, KY 42320
      View Details
    • Contact for pricing

      Commercial Outparcel For Sale/Lease

      Approximately 0.85 AC outparcel available for sale or lease.
      1691 N Main St, Beaver Dam, KY 42320
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.84 acre development opportunity in downtown Beaver Dam, Kentucky.
    Where is this commercial land located?
    The property is located at 221 S Main St Beaver Dam, KY.
    What is the asking price?
    The asking price for this property is $99,999.
    What are key features of this property?
    This property features: Prime development opportunity in downtown Beaver Dam.; Located within an established entertainment and business park, anchored by the Beaver Dam Amphitheater which has attracted over 500,000 people since 2014.; High traffic location with **22,320 Average Daily Traffic.**
    (270) 903-8358
    We can help!
    Listing Contact
    Erika Wiggins Crowell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!