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    OFF-MARKET
    Manufacturing properties

    927 Madison St, Louisville, KY 40204-1032

    13,070 SF 0.11 ac lot Built 1880
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US34-0038371
    Property summary
    AI-generated overview

    This versatile 13,070-square-foot flex warehouse in the desirable Phoenix Hill/Nulu submarket presents a unique investment opportunity. The two-story, Class B building, constructed in 1880 and renovated in 1975, sits on a 0.44-acre lot (19,166.4 total lot size) and offers a blend of warehouse, office, and potential commercial kitchen space. The first floor features a commercial kitchen, office space, and ample storage areas, along with a half-bathroom. The second floor provides expansive open space ideal for storage or workshops, accessible via stairs. A non-operational lift offers potential for future restoration. The property boasts two drive-in doors, providing convenient access, and six total parking spaces within a fenced area. Three adjacent vacant lots offer potential for expansion. The building features a TPO/PVC roof less than three years old. The asking rent is $5 per square foot annually, with additional operating costs to be tenant responsibility. The owner is open to creative lease terms, including an option to purchase. The property is zoned OR2 and has a frontage of 90 feet. This multi-functional space is perfect for a variety of businesses seeking a unique and adaptable location in a vibrant urban setting. All prospects are encouraged to tour the property.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1880
    Total area 13,070 SF
    Lot 0.11 ac (4,948 SF)
    Zoning code OR2-OFFICE/RESIDENTIAL
    APN 04016E01610000
    UPID US34-0038371
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Gregory S Guelda · 1 yrs held
    Gregory S Guelda
    since 2025
    2 recorded transactions
    2025
    $162,000
    2014
    $162,000
    Zoning & alternative use
    OR2-OFFICE/RESIDENTIAL · Louisville, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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