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323 E Main St
Madison, IN 47250
East Main Lofts · Multifamily Property For Sale · 6 Units

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INVESTMENT HIGHLIGHTS

  • Multiple Year Lease in Place for Retail Space.
  • Prime Main Street Location.
  • All Units Generate Income.

EXECUTIVE SUMMARY

Premier Historic Downtown Madison Investment Property-Fully Renovated, Income-Producing Mixed-Use Gem.
Welcome to a once in a lifetime investment opportunity in the heart of Historic Downtown Madison; proudly recognized by USA Today as "The Most Beautiful Small Town in the Midwest. This stunning 3 story commercial property blends timeless charm with modern sophistication and multiple income streams.
Property Highlights: Prime Main Street location. Complete Renovation (2021-2023). Retail Tenant in place with multiple year contract. Basement potential, Second Floor furnished mini suites for short- and long-term rentals, 2 of which are corporate rentals in place. Top Floor Penthouse suite with 5 bedrooms and 4 bathrooms. All units generating income. Whether you're a savvy investor, operator, or visionary entrepreneur, this rare property offers exceptional flexibility and upside in one of the Midwest's most desirable small-town destinations.
Financials Available with NDA.

PROPERTY FACTS

Price Per Unit $266,500
Sale Type Investment
Cap Rate 7.71%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront
  • Office Office Residential
Building Class C
Lot Size 0.16 AC
Building Size 10,206 SF
No. Stories 3
Year Built 1900
Zoning C-1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
39-13-02-123-002-000-007
Land Assessment
$34,300
Improvements Assessment
$595,600
Total Assessment
$629,900
  • Listing ID: 36048463

  • Date on Market: 5/30/2025

  • Last Updated:

  • Address: 323 E Main St, Madison, IN 47250

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