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    624 N Madison St Fortville, IN 46040

    For Sale
    $899,000

    Retail - Fortville, IN

    Type:Retail
    Property size:
    14,343 SF
    Lot size:
    0.47 Acres
    Days on Market:
    59
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 624 N Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Commercial
    APN
    300209101039001017
    Size
    14,343 SF
    Lot size
    0.47 Acres

    Building Details

    Year built
    1957
    Architectural style
    Other

    eXp Realty (812) 734-6048 [email protected]

    Listing agent Barinder Singh (888) 611-3912 License #RB22001604

    Listing date Oct 17, 2025

    MLS# 22068917 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Retail Opportunity in Fortville

    This retail property, with over 14,000 square feet of space, is situated in Fortville, IN. The property is located on a main state route with a traffic volume exceeding 10,000 vehicles per day, offering excellent visibility and access. Currently operating as a successful grocery and meat market for over 50 years, it has a loyal customer base. The 0.47-acre site allows for redevelopment into a strip mall while maintaining grocery operations. The property features ample parking and a fully equipped commercial kitchen with an industrial hood. The versatile retail space is ideal for expansion or multiple business uses. This well-established location has a strong community presence and growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strough's Market Grocery Store

    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.

    Similar Places Nearby

    Strough's Market

    Location Insight

    • Map
    • Local Demand
    City
    Fortville
    County
    Hancock
    State
    Indiana
    Longitude
    -85.844091
    Latitude
    39.939592

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    FAQs

    What type of property is this?
    Grocery and convenience store - 14,000+ SF retail property with redevelopment potential in Fortville.
    Where is this grocery and convenience store located?
    The property is located at 624 N Madison St Fortville, IN.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - High-traffic location on a main state route with over 10,000 vehicles per day (VPD).; - 14,000+ SF property suitable for redevelopment into a strip mall while maintaining grocery operations.; - Currently operating as a successful grocery and meat market for over 50 years with a loyal customer base.
    (888) 611-3912
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    624 N Madison St Fortville, IN 46040
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    Fortville, IN 46040
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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
    624 N Madison St Fortville, IN 46040
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