For Sale
$444,500

702 Main St Madison, IN 47250

Historic Downtown Live-Work Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • $444,500 price point for a two-story brick building.
  • Prime corner location in Madison, Indiana's historic downtown, recently named "Best Small Town in the Midwest".
  • Versatile live-work space with ground floor commercial area and upper residential level.
  • Recent remodeling throughout both levels.
  • Includes two existing one-bedroom apartments (month-to-month leases).
  • Upper level adaptable for retail, office, or additional residential units.

Property Details for 702 Main St

Property type
Specialty properties, Land

Location Insight

City
Madison
County
Jefferson
State
Indiana
Latitude
38.73793
Longitude
-85.387548

FAQs

What type of property is this?
Specialty property - Historic Downtown Live-Work Opportunity
Where is the specialty property located?
The property is located at 702 Main St Madison, IN.
What is the asking price?
The asking price for this property is $444,500.
What are key features of this property?
This property features: $444,500 price point for a two-story brick building.; Prime corner location in Madison, Indiana's historic downtown, recently named "Best Small Town in the Midwest".; Versatile live-work space with ground floor commercial area and upper residential level.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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702 Main St
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