108 Main StMadison, IN 47250

  • Commercial real estate
  • 8,436 SF
For Sale
$399,900 View listing

Property Details for 108 Main St

Year built
1900
Construction
WOOD
Lot size
0.06 AC
Property size (Sq ft)
8,436 SF
Property type
Commercial real estate
APN
39-13-02-214-060.000-007
APU
391302214060000007

Description

This exceptional 4,700 square foot retail property is situated on a 0.06-acre lot at 108 E Main Street in the charming town of Madison, Indiana – recently recognized by USA Today as the Best Small Town in the Midwest. The main floor boasts a spacious, open layout perfect for a variety of retail uses, enhanced by large display windows that maximize street visibility. A convenient bathroom and kitchenette are also included on the main level. Adding to its versatility, a separate entrance leads to a sizable second-floor space. This area features a large great room and 1.5 bathrooms, offering potential for owner-occupied living quarters or additional commercial use. The property's prime location in the heart of historic Madison ensures high foot traffic and visibility, making it an ideal opportunity for a business seeking to thrive in a vibrant and growing community. The square footage is approximate. In addition to purchase, lease options may be available. Don't miss this chance to become part of Madison's thriving downtown scene.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,611,264
    Hospitality
    $1,475,909
    Educational
    $1,227,939
    Medical
    $1,270,170
    Retail
    $1,910,127
108 Main St, Madison, Indiana

Location Insight

City
Madison
County
Jefferson
State
Indiana
Latitude
38.736
Longitude
-85.3799
CBSA code
31500
CBSA name
MADISON, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,042
$19,400
$82,000
$101,400
-
$19,400
$82,000
$101,400

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