Former Lowe's Site Sells for $22.6M in Louisville

The property will become a new King Soopers grocery store location.

Apr. 8, 2026 at 7:56am

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A minimalist studio still life featuring architectural blueprints, a tape measure, and construction hard hats, conceptually representing the commercial real estate transaction and urban renewal.The redevelopment of a former big-box retail site into a new grocery store location reflects the evolving needs of the Louisville community.Louisville Today

A 12-acre site in Louisville, Kentucky that previously housed a Lowe's home improvement store has been sold for $22.6 million. The property will be redeveloped into a new King Soopers grocery store location, a subsidiary of Kroger.

Why it matters

This sale represents a significant real estate transaction in the Louisville market, as the former Lowe's site is being repurposed for a major grocery chain. It highlights the ongoing evolution of retail and commercial real estate, with big-box stores being replaced by new uses that better fit the needs of the local community.

The details

The 12-acre site was previously occupied by a Lowe's home improvement store that has since closed. The property was acquired by Kroger, the parent company of King Soopers, for $22.6 million. Kroger plans to demolish the existing Lowe's building and construct a new King Soopers grocery store on the site, providing a new retail option for Louisville residents.

  • The former Lowe's store closed in 2025.
  • The property was sold to Kroger in April 2026.

The players

Lowe's Cos. Inc.

A major home improvement retail chain that previously operated a store on the site.

Kroger

The parent company of King Soopers grocery stores, which acquired the former Lowe's site to build a new store location.

King Soopers

A grocery store chain and subsidiary of Kroger that will be opening a new location on the former Lowe's site.

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What’s next

Kroger plans to demolish the existing Lowe's building and begin construction on the new King Soopers store in the coming months.

The takeaway

This transaction highlights the ongoing shifts in the retail landscape, as large big-box stores are being replaced by more community-oriented businesses like grocery stores that better meet the needs of local residents.