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    323 E Main St Madison, IN 47250

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    For Sale
    $1,599,000

    Fully renovated, income-producing mixed-use property in Historic Downtown Madison.

    Lot size:
    0.32 Acres

    Property Features for 323 E Main St

    General Information

    Lot size
    0.32 Acres

    Source: JPAR Aspire Agent Van Crafton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Downtown Mixed-Use Investment Property

    This three-story commercial property is located in the heart of Historic Downtown Madison. The property has been fully renovated between 2021 and 2023. It features a retail tenant with a multi-year contract. The property also includes basement potential. The second floor contains furnished mini suites available for short- and long-term rentals, including two corporate rentals. The top floor penthouse suite includes five bedrooms and four bathrooms. All units are currently generating income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    East Main Lofts Hotel Madison's Kitchen Bakery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Jefferson
    State
    Indiana
    Longitude
    -85.376234
    Latitude
    38.736542

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    FAQs

    What type of property is this?
    Mixed-use property - Fully renovated, income-producing mixed-use property in Historic Downtown Madison.
    Where is this mixed-use property located?
    The property is located at 323 E Main St Madison, IN.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: - Prime Main Street location in Historic Downtown Madison, recognized as "The Most Beautiful Small Town in the Midwest."; - Fully renovated (2021-2023) 3-story mixed-use property with multiple income streams.; - All units are currently generating income, offering immediate returns.
    (812) 801-1480
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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
    323 E Main St Madison, IN 47250
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