301 Jefferson StMadison, IN 47250

Property Details for 301 Jefferson St

Year built

1900

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

5,520 SF

Property type

Retail space

APN

39-13-02-241-004.000-007

APU

391302241004000007

Description

This exceptional three-story brick building, located at 301 Jefferson Street in the heart of downtown Madison, Indiana, presents a unique investment opportunity. The property boasts a prime corner location, ensuring high visibility and accessibility. The main building currently functions as retail space on the ground floor, with residential living quarters situated on the upper two floors. Attached to the main structure is a two-story workshop, currently utilized for storage on the second level. The building's electrical system is robust, featuring four electric panels, providing ample capacity for future expansion or modifications. Convenient free parking is readily available in nearby city lots. The upper levels offer stunning river views, a highly desirable feature. A fascinating historical element is the third floor, which once served as a dance hall

• CAP approach

  CAP return

  Valuation

  6%

  $1,354,083

  6.5%

  $1,249,923

  7%

  $1,160,643

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,197,407

  Geo Method

  $1,197,407

• Alternative Use

  Use

  Valuation

  Residential

  $1,054,357

  Hospitality

  $965,785

  Educational

  $803,522

  Medical

  $831,156

  Retail

  $1,249,923

Location Insight

City

Madison

County

Jefferson

State

Indiana

Latitude

38.7352

Longitude

-85.3776

CBSA code

31500

CBSA name

MADISON, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].