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Downtown Retail Building with Basement Access
For Sale
$399,900

108 Main Street, Madison, IN 47250

Large downtown retail building with an overhead door and alley access ramp to the basement level.

Property Size4,700 SF
Price / SF$85.09
Days on Market1469

Property Features for 108 Main Street

General Information

Standard status Active
Size 4,700 SF
Property subtype Retail

Taxes and HOA fees

Annual Taxes $3,042

Amenities

3
Listing Agency: F.C. Tucker/Scott Lynch Group
Listed By: Scott Lynch · License #RB14019761
Source: Xome
Added: Aug 24, 2022 Changed: Aug 25 Last Checked: Aug 30 at 2:51PM

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 downtown retail building offers an open, welcoming front facade and approximately over 6,000 square feet of space. The property includes practical secondary access, with an alley access ramp and an overhead door providing entry into the basement area.

The building is positioned in Madison’s central business district, immediately across from Madison’s Ohio Theatre, which is currently undergoing restoration and investment. The available interior space presents an open slate, suited for a range of uses including offices, apartments, commercial space, or studio use.

With both street-facing presence and basement-level access, the property can accommodate tenant or user needs that benefit from flexible layout and convenient ingress beyond the front entrance.

Key Highlights

  • Over 6,000 SF downtown Main Street property with an open front facade
  • Basement‑level access includes an alley access ramp and an overhead door
  • Large, well‑maintained interior space with an open slate for offices, apartments, commercial, or studio use

Property Analytics

Current Use

James Dell Clothing & Fashion Store

Suggested Use

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

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
22k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 69% Hotels & Casinos 16% Dining 15%
Circle K Shops & Services
8,510 visits/mo 0.2 miles
Fairfield Inn & Suites by Marriott Hotels & Casinos
3,609 visits/mo 0.5 miles
The Downtowner Dining
3,261 visits/mo 0.1 miles
Dollar General Shops & Services
2,757 visits/mo 0.1 miles
First Financial Bank Shops & Services
2,383 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Large downtown retail building with an overhead door and alley access ramp to the basement level.
Where is this retail space located?
The property is located at 108 Main Street Madison, IN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Over 6,000 SF downtown Main Street property with an open front facade; Basement‑level access includes an alley access ramp and an overhead door; Large, well‑maintained interior space with an open slate for offices, apartments, commercial, or studio use
More about this property
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