531 E Main St, Frankfort, KY 40601
Property image
Property image
SOLD
SEP 29, 2025

531 E Main St
Frankfort, KY 40601

    $18,500

    Last Sold: Sep 29, 2025
    8% below list $20K
    Est. Refi. Payment $182/mo*
    Refinance Your Home

    $18,500

    Last Sold: Sep 29, 2025
    8% below list $20K
    Est. Refi. Payment $182/mo*
    Refinance Your Home

    Local Information

    • Map ViewExplore the area around 531 E Main St.
    • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Description

    Exceptional opportunity to own 0.183 acres of CG-zoned (General Commercial) land in a high-visibility location directly across from Kentucky State University. This vacant development. Situated on E Main Street, a well-trafficked corridor, it benefits from strong vehicle and pedestrian flow, making it ideal for businesses targeting both the university and local community. Public utilities available. Don't miss your chance to develop in one of Frankfort's most strategic and growing areas!
    531 E Main St, Frankfort, KY 40601 is a lot/land. It last sold for $18,500 on Sep 29, 2025 (8% below the $20,000 asking price). It is currently off market. The Trulia Estimate rent is $1,251/month.

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    180+ days ago

    Home Details for 531 E Main St

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Available, Natural Gas Available, Sewer Available

    Exterior Features

    Surface & Elevation
    Topography: Rolling Slope, ClearedElevation Units: Feet

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    Not a New Construction
    Property Information
    Usage of Home: Commercial, Residential, ProfessionalParcel Number: 0742403003.00

    Price & Status

    Price
    List Price: $20,000
    Status Change & Dates
    Off Market Date: Fri Sep 19 2025

    Active Status

    MLS Status: Closed

    Location

    Direction & Address
    City: FrankfortCommunity: Downtown

    Lot Information

    Lot Area: 7840.8 sqft

    Listing Info

    Special Conditions: Standard

    Offer

    Listing Terms: Cash, Conventional

    Miscellaneous

    Mls Number: 25012203
    Last check for updates: about 14 hours ago
    Listed by Sean A McGovern, (859) 619-6146
    RE/MAX Creative Realty
    Bought with: Sivling Lo, (502) 545-9098, Lo Realty
    Source: Imagine MLS, MLS#25012203

    Price History for 531 E Main St

    DatePriceEventSource
    09/29/2025$18,500Sold
    Imagine MLS #25012203
    09/19/2025$20,000ContingentImagine MLS #25012203
    08/28/2025$20,000Listed For SaleImagine MLS #25012203
    05/07/2025ListingRemovedN/A
    02/06/2025$16,000Listed For SaleN/A
    06/28/2022$7,500Sold
    N/A

    Market trends in Frankfort

    Last updated June 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $254K
    $5.33K    MoM
    Sale-to-List Price
    97.6%
    Price per sq ft
    $160
    $3    MoM
    Available listings
    171
    7    MoM
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    Property Tax and Assessment

    Year2024
    Tax$97
    Assessment$8,000
    Home facts updated by county records

    Comparable Sales for 531 E Main St

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    1 E Main St, Shelbyville, KY
    0.51
    Lot/Land
    $22,570
    02/12/26
    -
    -
    2 E Main St, Frankfort, KY
    0.90
    Lot/Land
    $15,870
    02/12/26
    -
    -
    32/33 Jackson Dr, Frankfort, KY
    0.99
    Lot/Land
    $19,500
    04/01/26
    -
    -
    609 Kentucky Ave, Frankfort, KY
    1.54
    Lot/Land
    $20,000
    12/18/25
    -
    -
    101 Versailles Rd, Frankfort, KY
    0.90
    Lot/Land
    $225,000
    01/06/26
    -
    -
    Lot 26 Airdrie Ln, Frankfort, KY
    1.78
    Lot/Land
    $75,000
    09/26/25
    -
    -
    1170 Airdrie Ln, Frankfort, KY
    1.78
    Lot/Land
    $85,000
    02/27/26
    -
    -
    103 Metcalf Dr, Frankfort, KY
    2.44
    Lot/Land
    $55,000
    05/29/26
    -
    -
    Lot 4 Sea Hero Rd, Frankfort, KY
    2.00
    Lot/Land
    $119,900
    11/12/25
    -
    -

    Nearby homes

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    Assigned Schools

    These are the assigned schools for 531 E Main St.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Frankfort

    At least 326 Trulia users voted on each feature.

    • 90 % Say car is needed

    • 84 % Say parking is easy

    • 77 % Say it's dog friendly

    • 74 % Say yards are well-kept

    • 70 % Say kids play outside

    • 69 % Say there's holiday spirit

    • 62 % Say people would walk alone at night

    • 57 % Say there's wildlife

    • 56 % Say it's quiet

    • 55 % Say neighbors are friendly

    • 49 % Say there are sidewalks

    • 47 % Say they plan to stay for at least 5 years

    • 45 % Say streets are well-lit

    • 39 % Say it's walkable to restaurants

    • 32 % Say it's walkable to grocery stores

    • 25 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • Trulia User
      "My neighborhood consists of a diverse group of people with a mutual focus on individuality and community! It’s a great action-based community!"
      0
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    • Denniscoleman434
      "Good place and I’ve been I here almost a year I’m from Virginia and it’s quiet and no one really bothers anyone "
      0
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    • Jackie.richie54
      "Dog owners would love this neighborhood because most dogs know each other and play with each other and neighbors look out for all animals "
      0
      Flag
    • Grant Thompson
      "Quick and painless with multiple routes to downtown. Versailles Rd, the east west connector, and US127 give fast access in or out of the downtown area. "
      0
      Flag
    • Francelene Jeanty
      "Not sure at all. I just live here don’t really know anyone to say it it is unique or not. Too many rules can’t really live a peaceful "
      0
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    • Spy6sjddv5
      "They would love the walk around the capital and the chance the see the governor walking his dog. The flowers and the trees blooming"
      0
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    • Radell Freeman
      "Don’t move here with your dog you nor your dog will like it here! This place is a dump and no one cleans after their pets and sometimes you see aggressive dogs running around loose it’s crazy"
      0
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    • bsharp1961
      "Easy access to everything…. Public transportation available. Bad parts of town are limited. Local police do a good enough job."
      0
      Flag
    • Lazman3
      "Lived here 8 years nice place to live and work plenty of shopping and restaurants dog friendly kid friendly "
      0
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    • Stephanie.ethington
      "Summer concert series , walking distance from downtown , safe sidewalks , bike trails , bike lanes , kid friendly , lots of shopping amenities , "
      0
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    • bsharp1961
      "No sidewalks, cars zip by you dangerously, and pay no heed to stop signs….as you walk your dog through the neighborhood, you’ll notice many other dogs that are stuck in the backyard. That never gets a walk, some never come inside the house…."
      0
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    • Kim Tompkins
      "Close to everything I need and not far from anywhere I want to go. It’s in between two major highways and is a nice neighborhood in front of farmland. It’s the best."
      2
      Flag
    • Kyffin B.
      "Commute is traffic friendly. Even during rush hour the commute is tolerable. There are multiple routes to the major roads which make this possible. Detours are common during any construction and are well thought out. "
      1
      Flag
    • Linsey W.
      "my daily commute is always smooth and quick usually no problems and always feel safe! Everyone is always so friendly! I do the commute from Frankfort to Versailles everysyff fun been"
      0
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    • Yvonnesherrick
      "I am not sure for most part Frnkfort is a good area to raise kids. other than that schools are good too"
      0
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    • Destinie.harris
      "While Frankfort has beautiful scenery you won’t find anywhere else, that and lower cost of living are the only positives I’ve found since living here. I’m originally from Versailles (which doesn’t have a Walmart), and I feel like that says a lot. My area constantly smells like sewage due to the little creek nearby. It’s very noisy almost all day between sirens every hour, people setting off their own car alarms every time they go to their car, fireworks and gunshots (yep, uh huh), and college students. "
      33
      Flag
    • Myke P.
      "I do enjoy my neighborhood for the most part. My neighbors keep to themselves but are friendly when we do have conversations. Neighbors from the apartment complex do get a little nosey at times."
      5
      Flag
    • Tdw8989
      "I've lived here almost two years, it seems safe & a friendly & nice area... Its also a nice area that we in... "
      5
      Flag
    • Caroline C.
      "It’s fine for dogs I guess but not all that walkable one general. The sidewalks are often jacked up and there are trashy people sitting outside on their porches that will catcall and cause a scene. "
      0
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    • Trulia User
      "there are a lot of open spaces for dogs to run. and play in the city and country. but not many renters will allow pets. "
      0
      Flag
    • Jen S.
      "we tend to stay close to home. we live two blocks from the Capitol and there is always something going on there plus we are close to downtown and go there when we have the chance. we love going to the farmer's market."
      4
      Flag
    • Christa Q.
      "You can get anywhere in town in under 10 min. There is easy access to the interstate from either side of town. "
      3
      Flag
    • Horsman1412
      "Nice small town. I’ve lived here for fifteen years nice place to raise a family. Close to Lexington and Louisville "
      0
      Flag
    • Sarah B.
      "I lot of people cut though this neighborhood to avoid lights which causes lots of traffic and there isn't any sidewalks."
      0
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    • Gemturner94
      "it’s a quiet, small town but it’s in the middle of kentucky’s main cities (lexington and louisville) so location is great "
      0
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    • Jeantyfrancelene
      "I lived in this neighborhood for 1 year and every is very friendly And stay to themselves must of the time "
      2
      Flag
    • Gemturner94
      "The town is dead quiet as soon as it’s dark out there’s really no party scene compared to Lexington or Louisville "
      5
      Flag
    • Mommakatie1979
      "that there is poo bags an that if ppl clean after there anmials an there dogs can have place to run an play.."
      0
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    • Amandajo70
      "Neighbors help each other out when needed. We used to have neighborhood kids hanging around all the time, & we'd eat dinner at each other's houses. There are a lot of good people around here! "
      5
      Flag
    • Jdbrew2
      "We live in a multigenerational neighborhood in which we watch after each other and try to hold get-togethers regularly. "
      2
      Flag
    • Gcurry1313
      "Don’t live near the capital. Not a safe place for families. The old capital is ok to walk around at night, but make sure your in a group."
      0
      Flag
    • Gcurry1313
      "They have car shows all the time and they have family events like trunk or treating. A lot of people Pokémon go by the old capital and are very friendly. "
      0
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    • Mamabamomma
      "Near public transportation bus line. Between East West Connector and Louisville Rd. Great to bike anywhere in Frankfort. Good local dining, and Parks."
      0
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    • Paige W.
      "Most of the neighborhood is nice. The apartments are not as nice but still livable. Close to parks and schools"
      0
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    • Em
      "These places look great now!!! I have spoken to the owner of the building several times, personally. He is a family man and takes pride in in properties. Looks 100 percent better. "
      0
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    • Anonymous
      "the rent is going up while the value and cleanliness goes down.. drugs have hit this area hard over the passed 10 years.. kids csnt even play outside, anything left out is gone forever.. "
      0
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    • Whitney S.
      "The subsidized housing is behind this neighborhood. Therefore, they jump the fence and walk through Crestwood. This has led to multiple thefts/break-ins/stolen property. Luckily we’re just renting. The neighbors are wonderful people. It’s the foot traffic that’s the issue. "
      1
      Flag
    • Dolph D.
      "Very nice neighborhood is South Frankfort.Parks,dog walking everywhere. Neighbors know each other and our friendly !"
      3
      Flag

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    Apartments for Rent

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    Explore by feature - Pet Friendly

    36 pet-friendly rentals in Frankfort, KY

    Explore by feature - Garage

    10 rentals with a garage in Frankfort, KY

    Explore by feature - Air Conditioning

    51 rentals with air conditioning in Frankfort, KY

    Explore by feature - Washer/dryer

    42 rentals with a washer/dryer in Frankfort, KY

    Homes for sale near 531 E Main St

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    Off Market Homes Near 531 E Main St

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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.