702 Main St Madison, IN 47250
- Commercial real estate
Current Use by Public Records
- ILLUMINAT-INK / Tattoo And Piercing Shop
Property Details for 702 Main St
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 702 W Main St in Madison, Indiana, presents a unique investment opportunity. Priced at $444,500, this two-story brick building sits on a prominent corner in Madison's historic downtown, recently lauded as the "Best Small Town in the Midwest." The building offers a versatile live-work space, featuring a ground floor commercial area with an attractive wrought iron entry, and a separate private staircase leading to the upper residential level. Both the upper and lower levels have undergone recent remodeling. The upstairs apartment includes appliances and a washer/dryer. Currently, the building includes two one-bedroom apartments on the first floor, each equipped with appliances, and are rented on a month-to-month basis, allowing a new owner flexibility to adjust occupancy to suit their business needs. The upper level offers endless possibilities, adaptable for retail, professional office space, or additional residential units. This prime location places the property within easy walking distance of all downtown Madison amenities. Please note that the sale is subject to existing tenant rights, and 24-hour notice is required for all showings. The property's address is 702 W Main St, Madison, IN 47250.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Jefferson
- State
- Indiana
- Longitude
- -85.387548
- Latitude
- 38.73793
