313 E 1st St Madison, IN 47250
Estimated payment $4,178/month
Highlights
- Patio
- Forced Air Heating and Cooling System
- 1-minute walk to Fireman's Park
About This Home
RESIDENCE AND TURNKEY BAR IN HISTORICAL DOWNTOWN MADISON. The song is true — sometimes you just want to be where everybody knows your name, and at 1st Street Saloon, it truly feels like home. Nestled in the heart of historic downtown Madison, this cozy and inviting bar is a hidden gem where both locals and visitors gather to relax, enjoy, and make memories. Inside you’ll find a warm, welcoming atmosphere, while outside an expanded patio provides the perfect setting for games and good times. The property offers a variety of entertainment, including cornhole, darts, pool, and bowling, making it a top destination in downtown Madison. Just steps from the riverfront, this unique opportunity also includes a 2,015 sq. ft. second-floor single-family residence. Live where you work for maximum convenience, or lease the second floor unit for supplemental income. A rare chance to own a piece of Madison’s charm — combining business, home, and lifestyle in one.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,114
Year Built
- Built in 1900
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 58x118
- Property is zoned Historic District, Specialty District
Home Design
- Slab Foundation
- Frame Construction
Interior Spaces
- 4,030 Sq Ft Home
- 2-Story Property
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
Outdoor Features
- Patio
Utilities
- Forced Air Heating and Cooling System
- Gas Available
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 391302132035000007
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,114 | $103,800 | $19,400 | $84,400 |
| 2023 | $3,105 | $103,500 | $19,100 | $84,400 |
| 2022 | $2,982 | $99,400 | $19,100 | $80,300 |
| 2021 | $2,919 | $97,300 | $19,100 | $78,200 |
| 2020 | $2,919 | $97,300 | $19,100 | $78,200 |
| 2019 | $2,795 | $95,400 | $17,200 | $78,200 |
| 2018 | $2,684 | $95,400 | $17,200 | $78,200 |
| 2017 | $2,685 | $97,300 | $17,200 | $80,100 |
| 2016 | $2,548 | $96,400 | $21,500 | $74,900 |
| 2014 | $2,543 | $97,700 | $21,500 | $76,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/25/2025 09/25/25 | For Sale | $750,000 | -- | $186 / Sq Ft |
Source: Southern Indiana REALTORS® Association
MLS Number: 2025011334
APN: 39-13-02-132-035-000-007
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