Renovated Corner Retail
For Sale
$305,000
2801 W Madison St, Louisville, KY 40211
Established salon property with modern finishes, a separate lot across the street, and R6 zoning.
Property Size2,092 SF
Price / SF$145.79
Days on Market574
Property Features for 2801 W Madison St
General Information
Standard status
Active
Size
2,092 SF
Property subtype
Retail
Zoning
R6
Occupancy
100%
Additional Details
Business Included
Yes
Corner Location
Yes
Amenities
Water
Sewer
Building Details
Year Built
1933
Listing Agency:
Semonin Realtors
Listed By:
Carter Martin Jr. · License #242751
(502) 224-3301
Source:
Kcrea.resimplifi
Added: Mar 21, 2025
Changed: Oct 15
Last Checked: Oct 14 at 7:40PM
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 Semonin Realtors
Investment Insights
Based on property information with market context.
This 2,092-square-foot retail property at 2801 W Madison St in Louisville, Kentucky, operates as an upscale salon and has been completely renovated with modern, high-end finishes. The building was constructed in 1933 and has been owner-occupied for over 20 years. A new roof was completed in February 2026.
The property occupies a corner position and includes an additional lot directly across the street. That lot is included in the sale and provides a separate component to the offering. The property is zoned R6 and combines an established salon layout with updated improvements and an adjoining off-site parcel.
The property occupies a corner position and includes an additional lot directly across the street. That lot is included in the sale and provides a separate component to the offering. The property is zoned R6 and combines an established salon layout with updated improvements and an adjoining off-site parcel.
Key Highlights
- 2,092 SF renovated retail property operating as an upscale salon
- Owner‑occupied for over 20 years
- Modern, high‑end interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,119
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,380
$482.4K
Cap Rate 7%
$344,557
$344.6K
Cap Rate 9%
$267,989
$268.0K
Market Conditions
NOI Build-Up for 2,092 SF
Gross rent
$37.7K $18.00/SF
− Vacancy
−$3.2K −$1.53/SF
EGI
$34.5K $16.47/SF
− OpEx
−$10.3K −$4.94/SF
NOI
$24.1K $11.53/SF
Area
Louisville, KY
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,380
Cap Rate 7%
$344,557
Cap Rate 9%
$267,989
Alternative Uses
Best Use
Retail
$344.6K
$301.5K – $402.0K
NOI $24,119 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$542.2K
$474.5K – $632.6K
NOI $37,957 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
123k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 31%
Groceries 25%
Home Improvements & Furnishings 5%
Kroger
Groceries
30,150 visits/mo
0.4 miles
McDonald's
Dining
20,510 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
16,929 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,150 visits/mo
0.3 miles
Taco Bell
Dining
11,380 visits/mo
0.3 miles
Demographics for 40211, KY
21,310
Population
11,450
Households
1.9
Avg Household Size
37
Median Age
11%
College-Educated
86%
High-School Grad
7.3 sq mi
ZIP Area
2,919
Density / Sq Mi
$32,598
Median Household Income
$28,245
Median Earnings
$925
Median Rent
$97,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Louisville, KY
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Frequently Asked Questions
What type of property is this?
Retail space - Established salon property with modern finishes, a separate lot across the street, and R6 zoning.
Where is this retail space located?
The property is located at 2801 W Madison St Louisville, KY.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 2,092 SF renovated retail property operating as an upscale salon; Owner‑occupied for over 20 years; Modern, high‑end interior finishes
