316 W Main Street, Madison, IN, 47250
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.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1934
Type & Style
- Home type: SingleFamily
- Architectural style: Three Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Oven,Range,Refrigerator
Bedroom
- Level: Third
- Dimensions: 21.7 x 19.6
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 6,337
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Window Unit(s),WallWindow Unit(s)
Interior Area
- Total structure area: 6,337
- Total interior livable area: 6,337 sqft
Kitchen
- Level: Third
- Dimensions: 15.8 x 19
Living Room
- Level: Third
- Dimensions: 21.7 x 19
Property
Details
- Parcel number: 391302221035000007
- Zoning: Central Business District
- Zoning description: Central Business District,Historic District
Features
- Levels: Three Or More
- Stories: 3
Lot
- Lot size: 3,484 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Strong Wind
- Tornado
- Ice Storm
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,769 | $21,228 |
| Home Insurance * | $236 | $2,832 |
| Property Taxes | $186 | $2,232 |
| Electricity | $580 | $6,970 |
| Total | $2,771 | $33,252 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-08 | Price change | $350,000 |
| 2026-06-08 | Listed for sale | $369,900 |
| 2026-05-01 | Listing removed | $369,900 |
| 2025-11-19 | Listed for sale | $369,900 |
| 2025-11-01 | Listing removed | $369,900 |
| 2025-03-12 | Listed for sale | $369,900 |
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