316 W Main St Madison, IN 47250
Estimated payment $2,214/month
About This Home
Discover this Italianate two-part in a commercial block, constructed circa 1870, brimming with potential for various business ventures or investment opportunities! **Property Highlights** Spacious first floor - Enjoy approximately 3140 sq ft of versatile space, perfect for retail or office use. Flexible Second Floor - Currently utilized for storage, this level can easily be transformed to suit your needs, whether it be additional office space or even more retail opportunities. Third Floor Comfort - A welcoming apartment provides both convenience and potential rental income, making this property a smart investment. Property runs from Main Street to the back alley. Don't miss out on a chance to own this property! Contact us today for more information or schedule a viewing.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,228
Year Built
- Built in 1934
Lot Details
- 3,485 Sq Ft Lot
- Property is zoned Commercial
Interior Spaces
- 6,337 Sq Ft Home
- 3-Story Property
- Oven or Range
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Gas Available
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 391302221035000007
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 | $3,228 | $107,600 | $16,300 | $91,300 |
| 2023 | $3,228 | $107,600 | $16,300 | $91,300 |
| 2022 | $3,198 | $106,600 | $16,300 | $90,300 |
| 2021 | $3,093 | $103,100 | $16,300 | $86,800 |
| 2020 | $3,093 | $103,100 | $16,300 | $86,800 |
| 2019 | $3,020 | $103,100 | $16,300 | $86,800 |
| 2018 | $2,901 | $103,100 | $16,300 | $86,800 |
| 2017 | $2,753 | $99,800 | $16,300 | $83,500 |
| 2016 | $2,530 | $95,700 | $16,300 | $79,400 |
| 2014 | $2,964 | $113,900 | $16,300 | $97,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2025 11/19/25 | For Sale | $369,900 | -- | $58 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $101,200 | -- |
Source: Southern Indiana REALTORS® Association
MLS Number: 2025012697
APN: 39-13-02-221-035-000-007
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