Mixed-Use Property with
For Sale
$450,000
423 W Main Street, Madison, IN 47250
Two-story layout combines flexible commercial rooms with substantial residential space.
Property SizeContact for details
Days on Market3764
Property Features for 423 W Main Street
General Information
Standard status
Active
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$7,426
Amenities
3
4 Parking Spaces.
Building Details
Year Built
1835
Listing Agency:
Century 21 River Valley
(812) 701-3006
Listed By:
Brenda Eversole · License #RB14017424
(812) 701-3006
Source:
Xome
Added: May 11, 2016
Changed: Aug 29
Last Checked: Aug 30 at 2:23PM
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 Century 21 River Valley
Investment Insights
Based on property information with market context.
Built in 1835, this mixed-use property incorporates two residences that were later joined into one building. The main level includes several large rooms, a double parlor, office, kitchen, two half baths, a covered patio, and a large bar area. A full basement provides additional storage, while the property also includes a rooftop entertaining area and garden space.
The second floor offers over 4,400 square feet of living area with five bedrooms, two full baths, a family room with fireplace, game room, combined dining and living room, office, kitchen with breakfast bar, and utility area. Two large rooms have separate entrances and can function as an efficiency apartment or additional living space. The property is equipped with gas heat and central air, plus a four-car garage and four additional off-street parking spaces. Its recorded past includes use as a drug store, doctors office, grocery, library, and funeral home.
The second floor offers over 4,400 square feet of living area with five bedrooms, two full baths, a family room with fireplace, game room, combined dining and living room, office, kitchen with breakfast bar, and utility area. Two large rooms have separate entrances and can function as an efficiency apartment or additional living space. The property is equipped with gas heat and central air, plus a four-car garage and four additional off-street parking spaces. Its recorded past includes use as a drug store, doctors office, grocery, library, and funeral home.
Key Highlights
- 1835 construction date with two original residences later combined
- Over 4,400 square feet of second‑floor living area
- Five bedrooms and two full baths upstairs
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
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
0.2 miles
The Downtowner
Dining
3,261 visits/mo
0.3 miles
Dollar General
Shops & Services
2,757 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story layout combines flexible commercial rooms with substantial residential space.
Where is this mixed-use property located?
The property is located at 423 W Main Street Madison, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1835 construction date with two original residences later combined; Over 4,400 square feet of second‑floor living area; Five bedrooms and two full baths upstairs
