227 W Main St - Storefront Retail/Residential FOR SALE


Madison, IN 47250
$350,000 USD
812-701-1000
227 W Main St, Madison, IN for Sale
$350,000 USD
Storefront Retail/Residential - FOR SALE
1/59
null | Request Cap Rate

227 W Main St
Madison, IN 47250


HIGHLIGHTS

  • Located in Historic Downtown Madison on Main Street
  • Retail on main floor, potential for another retail space on the back
  • 2nd & 3rd Floors can be turned into townhomes

OVERVIEW

Incredible opportunity in the heart of Historic Downtown Madison! This prime Main Street location offers endless potential for investment and rental income. The first floor is currently used by the sellers as an antique shop. The back portion of the main level, with its own private entrance, offers flexibility to be converted into an additional retail space or a separate apartment. Upstairs, two exterior entrances lead to the second floor, which connects to the third floor via dual staircases ideal for creating two multi-level townhomes, as originally envisioned by the seller. The building includes four separate electric meters and a newer electric heat pump servicing the main floor. Off-street parking adds convenience, and many building materials will remain with the property. Sellers are working on a list of those. Great investment in a high-traffic, high-visibility area!

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Main Street Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,423 SF

ZONING

-

APN/PARCEL ID

39-13-02-213-039-000-007

ASK ABOUT THIS PROPERTY

Jim PruettEXP RealtyMore Info
812-701-1000

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Jim PruettEXP RealtyMore Info
812-701-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.