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Property profile & analytics
OFF-MARKET
Commercial real estate

845 Main St Madison, IN 47250-3131

5,118 SF 0.08 ac lot Built 1900
Individually Owned Free & Clear
Property ID
US31-1692202
Property summary
AI-generated overview

This exceptional commercial/residential investment opportunity is situated in the heart of historic Madison, Indiana, at 845 W Main Street. The property boasts a substantial two-story brick storefront, offering versatile income streams. The main level comprises approximately 1700 square feet of retail space, ideal for a variety of businesses. Its prime location ensures high visibility and foot traffic, benefiting from proximity to shopping, dining, and local schools. Upstairs, a spacious 1700 square foot, two-bedroom apartment overlooks Main Street, providing additional rental income potential. The apartment's location offers residents a vibrant and convenient lifestyle. Adding to the property's appeal is a detached 720 square foot brick garage located at the rear of the 0.08-acre lot. This structure presents further income possibilities, whether used as additional storage, workshop space, or rented out separately. The combination of retail space, residential apartment, and detached garage makes this a unique and lucrative investment opportunity in a highly desirable location. This property is ready for a discerning investor to capitalize on its significant potential. The building's solid brick construction ensures durability and longevity, promising a stable and rewarding investment for years to come.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction WOOD
Total area 5,118 SF
Lot 0.08 ac (3,400 SF)
APN 39-13-03-121-014.000-007
UPID US31-1692202
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
RICHARD J KELLER
RICHARD J KELLER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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