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About This Home

This 0-bedroom, 0-bathroom commercial at 111 E Main Street in Wilmore, KY is listed for $229,900 ($123 per sqft). Built in 1980, the home offers 1,867 sqft of living space on a 0.07 acres lot.

Agent Description

Prime opportunity to own a well-located commercial building in the heart of Wilmore's active and walkable downtown district. This 1,867 SF (per appraisal) one-story building sits on a 30' x 100' lot just steps from Asbury Theological Seminary and minutes from Asbury University, surrounded by local shops, dining, and daily foot traffic.

The property is currently occupied by Solomon's Porch, a well-established cafe, restaurant, and catering business that has served the community for over 20 years (business not included in sale). The tenant operates on a month-to-month basis and has expressed a desire to remain, offering immediate in-place income with flexibility for future use or redevelopment.

Effective July 1, 2026, rent has been increased to $1,050 per month ($6.75/SF/YR), reflecting a meaningful adjustment from historically below-market levels under prior ownership and providing a foundation for potential future upside. Pursuant to the existing lease, Tenant holds a right of first refusal to purchase the property, including a ten (10) day period to elect to match the terms of any bona fide third-party offer.

Ideal for investors seeking a value-add or stable income opportunity, as well as owner-users looking to establish a presence in one of Central Kentucky's most unique and close-knit communities.

Key Features

  • Built in 1980
  • 0.07 acre lot

Property Details

1 story
1980

Amenities

A/C

Monthly Cost Estimate

$1,230/mo

20% down · 6.5% · 30 years

Principal$166
Interest$996
Insurance$67

Estimates only. Actual payments may vary.

Location

111 E Main Street

Wilmore, KY 40390

Downtown

Property Details

Construction

Block

Heating

Natural Gas

Cooling

Electric

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 111 E Main Street is listed at $229,900 ($123/sqft). The estimated monthly payment is $996 based on 20% down at 6.5% interest.

Key features include: Built in 1980, 0.07 acre lot.

This property is listed by Charles D Beaman and can be reached at 8593967795 or chuck@chuckbeaman.com.

CB

Charles D Beaman

Agent at New Doors Real Estate

(859) 396-7795

Listed by New Doors Real Estate

MLS# 26009655· Source: listhub· Updated 31 days ago

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111 E Main Street, Wilmore, KY 40390

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