Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space with Drive-Thru Title is generated by Realmo AI

    Clifty Drive & Michigan Road, Madison, IN 47250

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New retail development with drive-thru in Madison, Indiana.

    Added:
    Nov 25, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 6 at 1:16 am

    Property Features for Clifty Drive & Michigan Road

    General Information

    Standard status
    Active

    Spaces For Lease

    at Clifty Drive & Michigan Road Contact us

    We can help!

    Listing Contact
    Kevin Schreiber

    Listing agent Kevin Schreiber

    Listing office

    Listing date Nov 25, 2025

    Source Tscg

    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 Kevin Schreiber

    HighLights

    • End‑cap unit with drive‑thru (2,205 SF) available in new retail development.
    • Located at the corner of Clifty Drive & Michigan Avenue in the heart of Madison's trade area.
    • Madison is a popular tourist destination and the largest city on the Ohio River between Louisville & Cincinnati.
    • Join established retailers Hobby Lobby, TJ Maxx, Kohl's and Five Below.
    • 2.89 acre pad site available.
    • High traffic counts: 19,788 ADT on Clifty Drive at Michigan Road.

    Overview

    Located in Madison, Indiana, this property benefits from a strong regional draw. Situated at the corner of Clifty Drive and Michigan Avenue, it lies in the heart of the trade area. Madison, the largest city on the Ohio River between Louisville and Cincinnati, is a popular tourist destination. A 2,205 square foot end-cap with drive-thru is available within a new retail development. Additionally, a 2.89 acre pad site is available. The development is near Hobby Lobby, TJ Maxx, Kohl's, and Five Below. Area retailers include Walmart Supercenter, Kroger, Lowe's, ALDI, Bealls, Planet Fitness and American Freight. Traffic counts on Clifty Drive at Michigan Road reach 19,788 ADT.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Madison
    County
    Jefferson
    State
    Indiana
    Longitude
    -85.4186
    Latitude
    38.7969

    Nearby Similar for Lease

    • Contact for pricing
      4,950 SF

      Retail Space in Madison, Indiana

      Retail space available in Jefferson County's main shopping district.
      411 E Clifty Dr, Madison, IN
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Madison, Indiana

      Retail space for lease in Madison's commercial corridor.
      3144 English Sta, Madison, IN 47250
      View Details
    • Contact for pricing
      24,920 SF

      Retail Space in Hilltop Plaza

      24,920 SF retail space in Madison's Clifty Drive corridor.
      440 E Clifty Dr, Madison, IN 47250
      View Details

    FAQs

    What type of property is this?
    Shopping center - New retail development with drive-thru in Madison, Indiana.
    Where is this shopping center located?
    The property is located at Clifty Drive & Michigan Road Madison, IN.
    What are key features of this property?
    This property features: End‑cap unit with drive‑thru (2,205 SF) available in new retail development.; Located at the corner of Clifty Drive & Michigan Avenue in the heart of Madison's trade area.; Madison is a popular tourist destination and the largest city on the Ohio River between Louisville & Cincinnati.
    (502) 874-5934
    We can help!
    Listing Contact
    Kevin Schreiber
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Clifty Drive & Michigan Road, Madison, IN 47250
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!