845 Main St Madison, IN 47250-3131
This exceptional commercial/residential investment opportunity is situated in the heart of historic Madison, Indiana, at 845 W Main Street. The property boasts a substantial two-story brick storefront, offering versatile income streams. The main level comprises approximately 1700 square feet of retail space, ideal for a variety of businesses. Its prime location ensures high visibility and foot traffic, benefiting from proximity to shopping, dining, and local schools. Upstairs, a spacious 1700 square foot, two-bedroom apartment overlooks Main Street, providing additional rental income potential. The apartment's location offers residents a vibrant and convenient lifestyle. Adding to the property's appeal is a detached 720 square foot brick garage located at the rear of the 0.08-acre lot. This structure presents further income possibilities, whether used as additional storage, workshop space, or rented out separately. The combination of retail space, residential apartment, and detached garage makes this a unique and lucrative investment opportunity in a highly desirable location. This property is ready for a discerning investor to capitalize on its significant potential. The building's solid brick construction ensures durability and longevity, promising a stable and rewarding investment for years to come.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.