323 E Main St - Apartments FOR SALE


Madison, IN 47250
$1,599,000 USD
812-801-1480
323 E Main St, Madison, IN for Sale
$1,599,000 USD
Apartments - FOR SALE
1/107
null | 7.71% Cap Rate

323 E Main St
Madison, IN 47250


HIGHLIGHTS

  • Multiple year lease in place for retail space
  • All unites generate income
  • Prime Main Street Location

OVERVIEW

Premier Historic Downtown Madison Investment Property-Fully Renovated, Income-Producing Mixed-Use Gem. Welcome to a once in a lifetime investment opportunity in the heart of Historic Downtown Madison; proudly recognized by USA Today as "The Most Beautiful Small Town in the Midwest. This stunning 3 story commercial property blends timeless charm with modern sophistication and multiple income streams. Property Highlights: Prime Main Street location. Complete Renovation (2021-2023). Retail Tenant in place with multiple year contract. Basement potential, Second Floor furnished mini suites for short- and long-term rentals, 2 of which are corporate rentals in place. Top Floor Penthouse suite with 5 bedrooms and 4 bathrooms. All units generating income. Whether you're a savvy investor, operator, or visionary entrepreneur, this rare property offers exceptional flexibility and upside in one of the Midwest's most desirable small-town destinations. Financials Available with NDA.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

6

PRICE/UNIT

$266,500

CAP RATE

7.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C-1

APN/PARCEL ID

39-13-02-123-002-000-007

ASK ABOUT THIS PROPERTY

Van CraftonJPAR AspireMore Info
812-801-1480

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Van CraftonJPAR AspireMore Info
812-801-1480

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