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Corner Mixed-Use Property
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5701 S 3rd St, Louisville, KY 40202

Vacant office and residential building with OR-2 zoning, off-street parking, and renovation potential.

Property Size3,336 SF
Days on Market13

Property Features for 5701 S 3rd St

General Information

Standard status Active
Size 3,336 SF
Total Parking Spaces 5
Property subtype Residential Income
Zoning OR-2

Property Condition

Severity Repairs Needed
Evidence needs renovation

Additional Details

Office Units 1

Building Details

Buildings 1
Building Size 3,336 SF
Listing Agency: EXP Realty LLC
Listed By: Jonathan D Klunk · License #KY251476
Source: Exprealty
Added: Aug 10 Changed: Aug 21 Last Checked: Aug 21 at 4:20AM

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 EXP Realty LLC

Investment Insights

Based on property information with market context.

This vacant mixed-use property combines an office component with two one-bedroom, one-bath residential units. The above-grade building contains approximately 2,472 SF, supplemented by an 864 SF unfinished basement. The approximately 936 SF office area includes a half bath, while the remaining space is residential. Renovation is needed, allowing the next owner to evaluate continued office and residential use, residential rental configuration, or conversion to a larger residential layout.

The property occupies a prominent corner position at 5701 S 3rd St in Louisville, between the Iroquois Park and Beechmont neighborhoods. OR-2 zoning, approximately 4–5 off-street parking spaces, and the existing mix of uses provide a practical foundation for an owner, investor, or entrepreneur pursuing a repositioning project.

Key Highlights

  • Approximately 2,472 SF above grade plus an 864 SF unfinished basement
  • Two 1BR/1BA residential units and an approximately 936 SF office
  • Office area includes a half bath

Property Analytics

Current Use

Heun Chiropractic Center Alternative Medicine Practice Stephen Huen Alternative Medicine Practice

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

1
Office units

Location Intelligence

Trade Area within ½ mile

494
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

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Vacant office and residential building with OR-2 zoning, off-street parking, and renovation potential.
Where is this mixed-use property located?
The property is located at 5701 S 3rd St Louisville, KY.
What are key features of this property?
This property features: Approximately 2,472 SF above grade plus an 864 SF unfinished basement; Two 1BR/1BA residential units and an approximately 936 SF office; Office area includes a half bath
More about this property
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