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Office Building
For Sale
$225,000

111 Second Street, Madison, IN 47250

Built in 1900, the property occupies a historic downtown setting in Madison.

Property SizeContact for details
Days on Market3190

Property Features for 111 Second Street

General Information

Standard status Active
Property subtype Office

Taxes and HOA fees

Annual Taxes $2,685

Amenities

3

Building Details

Year Built 1900
Listing Agency: F.C. Tucker/Scott Lynch Group
Listed By: Scott Lynch · License #RB14019761
Source: Xome
Added: Dec 7, 2017 Changed: Aug 31 Last Checked: Aug 31 at 2:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.C. Tucker/Scott Lynch Group

Investment Insights

Based on property information with market context.

This office building dates to 1900 and is identified as a carriage house, offering a distinctive historic property profile in downtown Madison. The building presents an opportunity for restoration within the city’s historic downtown area.

Located at 111 E Second Street, the property is positioned in Madison, Indiana. Interior features are identified in the source information, while no exterior features are specified.

Key Highlights

  • 1900 construction date
  • Carriage house property type
  • Located at 111 E Second Street

Property Analytics

Current Use

The Chandler Hotel Hotel & Motel

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Building Supply (Bike/Boat/Book/etc) Store HVAC Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

737
Businesses Nearby

Demographics for 47250, IN

22,596
Population
10,534
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
89%
High-School Grad
211.4 sq mi
ZIP Area
107
Density / Sq Mi
$56,667
Median Household Income
$36,950
Median Earnings
$857
Median Rent
$179,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Built in 1900, the property occupies a historic downtown setting in Madison.
Where is this office building located?
The property is located at 111 Second Street Madison, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1900 construction date; Carriage house property type; Located at 111 E Second Street
More about this property
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