Downtown Madison In

Retail-Commercial for Sale
Catylist Listing ID: 30319463
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 9,072 SF
Sale Price: $299,900
Unit Price: $33.06 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 9,072 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/13/2018

Overview / Comments

You know the dream... where you reside in a quaint, friendly town with a bustling Main Street and live above the business you've always wanted to own. Live where you work; work where you live right here! Zoned Central Business District, many options exist for the main floor of this property. Hardwood floors, original tin walls & ceiling provide that "WOW" factor upon entry. This is one of the few completely finished downtown buildings that's turn key ready in both the business area(s) and the residential space upstairs. Having undergone a Certified Historic Property Rehabilitation in '01-'02, this building offers all of the historic charm you'd love to enjoy with updated systems (electric, plumbing, etc.) that cause less worry of owning a historic property. At the end of a productive day, simply retire to the 2nd & 3rd floors and enjoy easy, luxury living. The former elevator shaft now serves as a lightwell that radiates ambient light from the roof to the main floor. 2 BRs; 3 full baths; custom walk-in shower; claw foot tub; original hardwood floors, stately trim and millwork throughout; reclaimed doors, windows and iron railing from the 19th Century; exposed brick walls; rolling library ladder; 20+ft. ceilings are a few of the fabulous features you'll love here! With the front and alley entries, off-street parking in close proximity, the quality of the historic rehabilitation and its location in the "Golden Block" of Main St., this property offers more than you can imagine!

Additional Details

Nearest MSA: Madison
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: 4403
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Downtown Madison
Property Visibility: Excellent
Largest Nearby Street: Hwy 421
Feet of Frontage: 18
Site Description: Down town historic Madison on the Main street
Area Description: Historic downtown business district with retail shops and offices
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,024 SF
Property Condition: Excellent
Year Renovated: 2001
Construction/Siding: Brick
Exterior Description: Historic
Parking Type: Other
Parking Description: Off street parking close by
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: commercial business district
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Freeman
Legal Description: 011-03735-00 18 by 168 Ft LOT 59 OT 11-126-81 182 E Fountain Alley

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,652 14,523 20,112
Median Age: 45.92 41.84 39.84
Households: 1,744 6,059 8,085
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