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    242 Main St Madison, NJ 07940

    For Lease
    $1,200 /Mo ($8 SF/Yr)

    Commercial - Madison Boro, NJ

    Property size:
    1,800 SF
    Lot size:
    0.15 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 242 Main St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CC
    Rooms
    Basement
    Parking
    10
    Parking features
    Driveway, Parking Lot
    Basement Y/N
    1
    Size
    1,800 SF
    Lot size
    0.15 Acres

    Utilities

    Cooling system
    Multi Units

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Wood
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Driscoll Real Estate (973) 635-7272 [email protected]

    Listing agent SUSAN DRISCOLL (973) 635-7272

    Listing date Nov 2, 2025

    MLS# 3981246 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Commercial Space on Main

    This newly renovated commercial space is located on Main Street in Madison. The space is situated in the completely renovated lower level and features a private, zero-step entry from the parking lot. The layout includes office or treatment space, a private new bath, a waiting area, and ample storage. The lower level benefits from natural light, with a glass door leading outside and three large windows. Main Street signage is available. Madison is recognized as a top town in New Jersey by NJ Monthly magazine. The property is located one mile from the NJ Transit Madison train station and is steps from the NJ Transit bus line. The lot size is 0.15 acres. The property size is 1800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stephanie Ronco, NP Medical Spa

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Morris
    State
    New Jersey
    Longitude
    -74.403855800629
    Latitude
    40.752475014831

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    FAQs

    What type of property is this?
    Office space - Newly renovated commercial space with private parking in Madison.
    Where is this office space located?
    The property is located at 242 Main St Madison, NJ.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Newly renovated commercial space with private zero-step entry.; - Located on Main Street in Madison, named #1 Town in NJ by NJ Monthly.; - Private parking available.
    (973) 635-7272
    Request Owner's contact information
    242 Main St Madison, NJ 07940
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    242 Main St Madison, NJ 07940
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