313-315 Mulberry Street, Madison, IN 47250

$515,000
12
BD
3
BA
4,960
SqFt

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List Price
$515,000
Status
ACTIVE
Days on Market
55
MLS#
202608867
Subtype
Residential
Style
Three Story
Architectural Style
Three Story
Year Built
1900
Bedrooms
12
Bathrooms
3
Full Baths
3
Living Area
4,960
Lot Size
1,742
Acres
0.04
MLS Area Major
Downtown

Property Description

Exceptional investment opportunity in the heart of historic downtown Madison! These two contiguous buildings offer three stories featuring over 1700sqft of open retail space combined with a total of 12 bedrooms, 3 bathrooms, a main floor office, and dedicated laundry room space. Out your front door overlooks the area beside the iconic Kindness Mural and Bicentennial Park, with convenient golf cart parking, newly renovated public parking areas, and updated streetscapes just outside your door. Main level on 313 has large open room that could be used for multiple types of business. Located in the center of booming downtown Madison, you are only steps away from shopping, restaurants, festivals, riverfront attractions, and everything this charming historic town has to offer. Whether you are looking for long-term rentals, short-term rental potential, employee housing, or a mixed-use investment, the possibilities are endless. Rare opportunity to own a large footprint in one of Indiana’s most desirable downtown districts.

Additional Information

Exterior Features
Balcony
Taxes
$4,363
Property Description
Three Story
Zoning
Residential
Appliances
Dryer, Freezer, Microwave, Refrigerator, Washer
Heating
Space Heater
Air Conditioning
Window Unit(s), Wall/Window Unit(s)
Levels
Three Or More
Roof
Other
Foundation
Crawlspace, Stone, Cellar

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Harrell & Asso.