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    845 Main St Madison, IN 47250

    For Sale
    $319,900

    Prime location, income potential, two-story brick building.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    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 Features for 845 Main St

    General Information

    Property type
    Retail properties
    Lot Size
    3,485 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Jefferson_IN
    State
    Indiana
    Longitude
    -85.39293
    Latitude
    38.7385

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    FAQs

    What type of property is this?
    Retail property - Prime location, income potential, two-story brick building.
    Where is this retail property located?
    The property is located at 845 Main St Madison, IN.
    What is the asking price?
    The asking price for this property is $319,900.
    (812) 265-3122
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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
    845 Main St Madison, IN 47250
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