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Furnished Office Units
For Lease
$24 SF/Yr

545 S 3rd St, Louisville, KY 40202

Updated first-floor offices include furnishings and access to an attached parking garage.

Space Size14,465 SF
Property Size18,837 SF
Days on Market14

Property Features for 545 S 3rd St

General Information

Standard status Active
Size 14,465 SF
Net Rentable 14,465 SF
Total Parking Spaces 220
Property subtype Office
Zoning C3
Lease Type Gross

Space & Availability

Available Space 14,465 SF
Contiguous Space 14,465 SF
Floor 1
Space Use Office
Condition Move-in Ready
Furnished Yes

Lease Terms

Lease Rate $24 /SF/YR
Monthly Rent $28,930
Rent per SF/Year $24

Site & Location

Neighborhood Central Business District

Amenities

attached parking garage
Power
Water
Sewer
Natural Gas
220 Parking Spaces

Building Details

Year Built 1929
Tenancy Multi-Tenant
Building Size 18,837 SF

Spaces For Lease

at 545 S 3rd St
Available Space $19.50/Mo
Contact us
Listing Agency: BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
Listed By: David Parks Sr. · License #176518
Source: Kcrea.resimplifi
Added: Oct 16 Changed: Oct 26 Last Checked: Oct 28 at 4:40AM

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 BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Office space occupies the first floor of the Madrid Building, a 1929 property at 545 S 3rd St. The space has been renovated with Class A finishes and is offered furnished with pieces from RCF Group. An attached parking garage serves the building.

The property is in Louisville’s Central Business District and is zoned C3. The listed area figures are 8,837 gross square feet and 14,465 feasible square feet.

Key Highlights

  • Renovated first‑floor office space with Class A finishes
  • Furnished with pieces from RCF Group
  • 8,837 gross square feet; 14,465 feasible square feet

Property Analytics

Current Use

Interlock Industries Inc Production Facility Park National Bank: ... Bank Veterans Affairs Department Veterans Affairs Department Metal Sales Manufacturing ... Industrial Manufacturer LDG Development Property Management Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store Veterinary Clinic Clothing & Fashion Store Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

10,376
Businesses Nearby

Demographics for 40202, KY

7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
Median Home Value

Market

Lease Benchmarks for Louisville, KY

$16.63 /SF/Yr
Avg Asking Price
$1.03–$150 /SF/Yr
Price Range
44,600 SF
Avg Space Size

This space is priced 44% above the average of $16.63 /SF/Yr.

Vacancy Rate% for Office in Louisville, KY

12.4% 2019
14.8% 2020
14.3% 2021
15.4% 2022
16.3% 2023
15.7% 2024
18.8% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Updated first-floor offices include furnishings and access to an attached parking garage.
Where is this office unit located?
The property is located at 545 S 3rd St Louisville, KY.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Renovated first‑floor office space with Class A finishes; Furnished with pieces from RCF Group; 8,837 gross square feet; 14,465 feasible square feet
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