3400 In-56 Madison, IN 47250
This 1,984-square-foot mixed-use property, located at 3400 IN-56 in Madison, Indiana, presents a unique investment opportunity. Built in 1996 and renovated in 2012, the single-story building sits on a 0.48-acre lot and offers ample parking with 10 spaces. Previously used as a medical office, the space is currently vacant and ready for immediate occupancy or customization. The layout includes a spacious main waiting room (30' x 12.6'), two restrooms, an office and lab room (11' x 12.6'), three patient rooms, a nurses' station, a kitchenette/break area, storage, and additional office space (12' x 21'). The property is zoned for commercial/mixed use, providing flexibility for a variety of businesses. Its convenient location between Hanover and Madison offers excellent visibility and accessibility. The asking price is $215,000, translating to $108.37 per square foot. This property is owned by FAS Properties Inc. and offers significant potential for a savvy investor seeking a versatile space in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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