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1110 Logan St 3,432 SF Retail Building Louisville, KY 40204 $850,000 ($247.67/SF) 7.82% Cap Rate
Investment Highlights
- 3,432 SF fully renovated mixed-use building (2023 completion)
- Two furnished 1BR/1BA apartments, separately metered
- 0.17-acre lot (7,187 SF), zoned C-2 (STR Short Term Rental eligible- buyer to verify)
- Ground-floor commercial space leased with 4-year term and built-in rent escalation
- 10-space gated parking lot — rare for this submarket
- Original construction 1950; full renovation 2023 — minimal deferred maintenance
Executive Summary
ully renovated mixed-use investment property directly across from Louisville's iconic Logan Street Market — the city's only public market and the anchor driving Shelby Park's rapid transformation.
This 3,432 SF, two-story Class A building was completed down to the studs in 2023 with high-end finishes, contemporary fixtures, and oversized windows throughout. The ground floor delivers a versatile retail/office space currently leased formally at $3,000/month and stepped to $3,500/month in March 2025 on a four-year term ending March 2029 with no rent escalations. The upper level features two separately metered, fully furnished one-bedroom/one-bathroom apartments leased at $2,000/month each, generating consistent total $4,000/month residential income. Apartment 1 lease ends December 31, 2026. Apartment 2 lease ends May 2027.
The numbers work on day one: $850,000 asking price, $79,416 pro-forma NOI, and a 9.34% cap rate — with built-in upside as the commercial lease escalation takes effect and residential rents track the neighborhood's upward trajectory.
This is a stabilized, income-producing asset in the path of growth — ideal for investors seeking a passive hold with upside, or owner-operators looking to run a street-level business with residential income above. The renovation quality eliminates near-term capital expenditure concerns, and the Logan Street Market adjacency provides a built-in demand driver for both tenants and future buyers.
Showings by appointment: contact Rachel Friedman - Rachel@GilezanTeam.com or call 561-537-6464.
This 3,432 SF, two-story Class A building was completed down to the studs in 2023 with high-end finishes, contemporary fixtures, and oversized windows throughout. The ground floor delivers a versatile retail/office space currently leased formally at $3,000/month and stepped to $3,500/month in March 2025 on a four-year term ending March 2029 with no rent escalations. The upper level features two separately metered, fully furnished one-bedroom/one-bathroom apartments leased at $2,000/month each, generating consistent total $4,000/month residential income. Apartment 1 lease ends December 31, 2026. Apartment 2 lease ends May 2027.
The numbers work on day one: $850,000 asking price, $79,416 pro-forma NOI, and a 9.34% cap rate — with built-in upside as the commercial lease escalation takes effect and residential rents track the neighborhood's upward trajectory.
This is a stabilized, income-producing asset in the path of growth — ideal for investors seeking a passive hold with upside, or owner-operators looking to run a street-level business with residential income above. The renovation quality eliminates near-term capital expenditure concerns, and the Logan Street Market adjacency provides a built-in demand driver for both tenants and future buyers.
Showings by appointment: contact Rachel Friedman - Rachel@GilezanTeam.com or call 561-537-6464.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,432 SF
Building Class
B
Year Built/Renovated
1940/2023
Price
$850,000
Price Per SF
$247.67
Cap Rate
7.82%
NOI
$66,430
Tenancy
Single
Building Height
2 Stories
Building FAR
0.46
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
C2
Parking
10 Spaces (2.91 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 025A00430000 | Improvements Assessment | $705,650 |
| Land Assessment | $57,860 | Total Assessment | $763,510 |
Property Taxes
Parcel Number
025A00430000
Land Assessment
$57,860
Improvements Assessment
$705,650
Total Assessment
$763,510
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