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    307 West St Madison, IN 47250

    For Sale
    $197,500

    Prime Location, Endless Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional business opportunity presents a 0.09-acre property at 307 West Street in the heart of historic downtown Madison, Indiana. Ideally situated just one block from Main Street and two blocks from the scenic river walk, this location offers unparalleled visibility and accessibility. The building's interior is adaptable to a wide range of commercial uses, making it perfect for restaurants, retail shops, or other businesses seeking a vibrant and thriving location. The property's prime position ensures high foot traffic, particularly during the numerous festivals and events that draw tourists to Madison throughout the year. This presents a unique chance to establish a successful business in a highly desirable area. While the current listing focuses on 307 West Street, an adjacent property at 301 West Street is also available for purchase, offering the potential for significantly expanded space at a combined price. This combined purchase presents an opportunity to acquire a larger footprint in this sought-after location. The individual property at 307 West Street is priced at $197,500, offering a compelling entry point into the Madison business market. The building's adaptable interior and prime location make it an attractive investment for entrepreneurs seeking a thriving business environment. Serious inquiries are encouraged to explore this exciting opportunity further.

    Property Features for 307 West St

    General Information

    Property type
    Investment properties
    Lot Size
    3,920 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    West Street Ministries Religious Organization

    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
    -85.38047
    Latitude
    38.73541

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    FAQs

    What type of property is this?
    Investment property - Prime Location, Endless Potential
    Where is this investment property located?
    The property is located at 307 West St Madison, IN.
    What is the asking price?
    The asking price for this property is $197,500.
    (812) 274-0660
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    307 West St Madison, IN 47250
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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
    307 West St Madison, IN 47250
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