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    108 Main St Madison, IN 47250

    For Sale
    $399,900

    Historic Downtown Madison Retail Space

    Property size:
    4,700 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 4,700 square foot retail property is situated on a 0.06-acre lot at 108 E Main Street in the charming town of Madison, Indiana – recently recognized by USA Today as the Best Small Town in the Midwest. The main floor boasts a spacious, open layout perfect for a variety of retail uses, enhanced by large display windows that maximize street visibility. A convenient bathroom and kitchenette are also included on the main level. Adding to its versatility, a separate entrance leads to a sizable second-floor space. This area features a large great room and 1.5 bathrooms, offering potential for owner-occupied living quarters or additional commercial use. The property's prime location in the heart of historic Madison ensures high foot traffic and visibility, making it an ideal opportunity for a business seeking to thrive in a vibrant and growing community. The square footage is approximate. In addition to purchase, lease options may be available. Don't miss this chance to become part of Madison's thriving downtown scene.

    Property Features for 108 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    4,700 SF
    Lot Size
    2,614 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    James Dell Men'S Clothing Store

    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
    -85.37989
    Latitude
    38.73602

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    FAQs

    What type of property is this?
    Retail property - Historic Downtown Madison Retail Space
    Where is this retail property located?
    The property is located at 108 Main St Madison, IN.
    What is the asking price?
    The asking price for this property is $399,900.
    (812) 265-3122
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    108 Main 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
    108 Main St Madison, IN 47250
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