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Luxury Versatile Income Property: Event Space with 2 Luxury Apartments + Detached Garage + an Additional Fully Furnished Flex-Space with 1BR Apartment

1529 W Market St, 1537 W Market St, Louisville, KY 40203

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Overview

Rare multi-structure gem in Louisville's thriving Portland renovations area - No expenses were spared and no corners were cut on these building renovations! This fully renovated compound includes three distinct structures, offering unmatched flexibility for event hosting, retail, live/work, and rental income. Building #1 (1529 W Market St): A stunning 3-story transformation with a beautiful exterior mural commissioned by Louisville Public Media. Interior renovations include installation of a CMDA sprinkler system, fire-rated interior doors, and spray foam insulation throughout. The first floor is a showstopper ideal for specialty retail or hosting special events. Upstairs, two private-entry apartments feature beautiful engineered hickory hardwood floors, quartz kitchen and bath counters, top-tier GE stainless appliances, and spa-style baths with porcelain tile throughout.

RETAIL CONCEPT IDEAS:
* Bookstore + Self-Serve Coffee Bar: Think curated titles, local authors, and cozy nooks. Add a vintage espresso cart and soft jazz playlists...Portland meets Paris!
* Boutique Clothing Studio: Feature sustainable fashion, local designers, or a capsule wardrobe concept. The arched windows make a stunning display backdrop.
* Artisan Apothecary: Small-batch skincare, herbal remedies, and wellness workshops. Add a scent bar or DIY bath salt station.
* Gallery + Maker Space: Rotate local art exhibits with hands-on workshops, printmaking, ceramics, or zine creation. Great for First Friday events.
* Vinyl & Vintage Pop-Up: Records, retro wear, and analog nostalgia. Host listening parties or DJ sets under those pendant lights.
 

EVENT SPACE CONCEPT IDEAS:
- Silent Disco Venue: The elongated layout is perfect for immersive sound zones. Add LED floor lighting and rotating themes (90s night, Afrobeat, etc.).
- Milestone Celebration Hub: Birthdays, micro-weddings, retirement parties. Offer packages with local caterers and photo booth setups.
- Storytelling Salon: Host spoken word, memoir readings, or community storytelling nights. Add modular seating and moody lighting.
- Wellness Retreats: Yoga, breathwork, or grief circles. The natural light and clean aesthetic are ideal for grounding energy.
- Pop-Up Dinner Series: Collaborate with chefs for ticketed tasting menus. Use the adjacent flex space for prep or VIP lounge

Building #1 is hardwired for internet, and the security equipment in the basement shall remain; the buyer will just need to activate services with a provider of their choice.

Building #2 (1537 W Market St): A fully furnished live/work flex space with luxury vinyl plank flooring throughout. The first floor is currently being used as a casual office meeting space and can easily convert into a studio apartment. The furnished first floor includes a kitchenette and full bath. The second floor features a beautifully renovated 1-bedroom apartment with LVP flooring, quartz counters, porcelain tile, queen-size suite, and full-size stackable washer/dryer. All appliances, furnishings, and mounted TVs throughout Building #2 convey.

Building #3 (Formerly 1526 Pirtle St): A detached 2-car garage included with Building #1 offers secure storage or additional income potential, ideal for the 2nd and 3rd floor apartment residents.

Located in Louisville's designated Opportunity Zone, this property was renovated as a strategic investment with high-impact potential, whether you're an entrepreneur, investor, or visionary homeowner. All renovations and mechanicals were professionally permitted and upgraded to meet modern building codes. The property also features a gated security entrance, providing controlled access to the apartments or short-term rental units. This added layer of protection offers peace of mind for residents and guests, enhancing both privacy and safety while reinforcing the property's appeal for long-term tenants and Airbnb travelers alike.

With flexible zoning, multiple income streams, and close proximity to 4th Street Live, Kentucky Center for The Arts, Muhammad Ali Center, KFC Yum! Center, and both Portland and Nulu's revitalization corridors, this property offers the rare combination of turnkey readiness and long-term growth potential ready to support your vision from day one. Call to schedule your private tour today!

Lease Spaces

NameFloorRateSFFormer UseVacantAvailable DateStatusMedia
Retail1st$3,000 /Month2,043 SFMixed UseYes01/06/2026available

For Sale/Lease

Multifamily
Retail

Secondary Uses: Mixed Use, Street Retail, Coworking, Flex Space, Assembly/Meeting Place, Low Rise, Vacation Rental(s), Duplex/Quadplex

Lease Rate
$3,000 Month
Available SF
2,043 SF
Sale Price
$1,375,000
Price Per SF
$200.67/SF
Building Size
6,852 SF
Acres
0.4 ac
Zoning
C-1 Neighborhood Commercial Zone
Zoning Desc.
Commercial Mixed Use
Tenant
Individual 3rd Floor Apartment
Former Tenant
N/A
Sale Terms
Cash to Seller
Lease Type
Modified Gross
Do Not Disturb Tenant
Yes
Showing
Contact Broker/Agent
Short Term Lease
Yes
Rent Escalators
Fixed Lease
Building Class
C
# of Buildings
3
Floors
5
Year Built
1920
Year Renovated
2025
Roof Type
Flat
Construction Siding
Brick
Construction Type
Masonry
Parking Type
Surface
Heat Type
Electricity
Heat Source
Central
Air Conditioning
Engineered System
Internet Access
Fiber Optic
Submarket
Mixed Use Event Space/Luxury Apartments
Submarket Type
Other
Nearest MSA
Louisville-Jefferson County
Tax ID Number
014A01650000
Property Use Type
Investment
Property Status
Existing
Vehicles Per Day
10,000 VPD
Avg. Occupancy
20%
Total Units
4
Laundry
In Each Unit
Nearest Interstate
I-64 - 2.3 mi
Nearest Hwy
KY-264 (Shawnee Expressway) - 11.2 mi
Nearest Airport
Louisville Muhammad Ali International Airport - 8.3 mi
Nearest Port
Port of Louisville - 11.2 mi
Power Provider
Private - Louisville Gas & Electric
Water Provider
City - Louisville Water Company
Sewer Provider
Metropolitan Sewer District
Fiber Optic Provider
Private - AT&T
County
Jefferson
Available
08/29/2025
Listed
08/30/2025
Updated
04/01/2026
Listing ID
0e3d2cd9
Parcel APN
014A01650000
Additional Parcel APNs