Downtown Louisville investment opportunity for sale

416 W Muhammad Ali Blvd, Louisville, KY 40202

Property Information

  • For Sale $3,590,000
  • Property Type Retail
  • Property Size 29,786 SF
  • Year Built 1905
  • Date Updated May 12, 2026

Description

A rare blend of historic character and dependable performance. Fully leased and prominently positioned, this mixed-use asset combines stable in-place income with long-term upside in one of downtown’s fastest-evolving corridors.

Historic Character & Established Tenancy

Listed on the National Register of Historic Places, the building’s distinctive decorative façade makes it one of the district’s most recognizable historic properties. Its strong tenant base includes Parlay, a successful downtown dining destination, and the Legal Aid Society, established in 1921 as Kentucky’s oldest legal services program — providing both stability and consistent foot traffic.  It has enjoyed considerable updates over the past several years.

Positioned in the Center of Transformative Growth

The property is at the heart of transformative growth. Directly across the street, the University of Louisville Envirome Institute is developing its New Vision of Health Campus—a 130,000-square-foot adaptive reuse project featuring 30,000 square feet of new urban park space. One block west is the $70 million Louisville Studios at the Gardens project, and one block north, a 26-story office tower is being converted into the 418-room JW Marriott Louisville. With more than $2.5 billion in announced or underway projects downtown, the surrounding district is poised for continued growth.

Contacts

Reed Weinberg
Fred Sutterlin

Location

Contact Downtown Louisville investment opportunity for sale
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