For sale

Price cut: $19.9K (7/8)

$350,000

316 W Main Street, Madison, IN 47250

1beds

6,337sqft

$2,224/mo

Get pre-qualified

Single Family Residence

Built in 1934

3,484 Square Feet Lot

$-- Zestimate^®

$55/sqft

$-- HOA

What's special

Flexible second floor

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.

74 days

202

6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Bedroom

Level: Third
Dimensions: 21.7 x 19.6

Kitchen

Level: Third
Dimensions: 15.8 x 19

Living room

Level: Third
Dimensions: 21.7 x 19

Heating

Forced Air

Cooling

Window Unit(s), WallWindow Unit(s)

Appliances

Included: Oven, Range, Refrigerator

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 6,337
Total interior livable area: 6,337 sqft
Finished area above ground: 6,337
Finished area below ground: 0

Property

Features

Levels: Three Or More
Stories: 3

Lot

Size: 3,484 Square Feet

Details

Parcel number: 391302221035000007
Zoning: Central Business District
Zoning description: Central Business District,Historic District

Construction

Type & style

Home type: SingleFamily
Architectural style: Three Story
Property subtype: Single Family Residence

Condition

Resale
New construction: No
Year built: 1934

Utilities & green energy

Sewer: Public Sewer
Water: Connected, Public

Community & HOA

HOA

Has HOA: No

Location

Region: Madison

Financial & listing details

Price per square foot: $55/sqft
Annual tax amount: $3,846
Date on market: 6/8/2026
Cumulative days on market: 75 days
Listing terms: Cash,Conventional
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,057/mo

Price history

Date	Event	Price
7/8/2026	Price change	$350,000-5.4%$55/sqft
Source: SIRA #202609040 Report a problem
6/8/2026	Listed for sale	$369,900$58/sqft
Source: SIRA #202609040 Report a problem
5/1/2026	Listing removed	$369,900$58/sqft
Source: SIRA #2025012697 Report a problem
11/19/2025	Listed for sale	$369,900$58/sqft
Source: SIRA #2025012697 Report a problem
11/1/2025	Listing removed	$369,900$58/sqft
Source: SIRA #202506323 Report a problem
3/12/2025	Listed for sale	$369,900$58/sqft
Source: SIRA #202506323 Report a problem