Investment opportunity in the heart of Madison! This four-unit mixed-use property offers multiple income streams with additional upside for its next owner. The café currently rents for $500/month, while the card shop rents for $350/month with its lease ending in October and potential to increase rent to $500/month. The upstairs apartment is currently vacant with estimated market rent of $800-$900/month. A fourth commercial unit is also vacant, creating an excellent opportunity to start or grow… your own business, occupy the space yourself, or lease it out for additional income. With four units, existing income, and room to increase revenue, this is a great opportunity to add a versatile mixed-use property to your investment portfolio!
117 S Egan Ave, Madison
$215,000
Investment opportunity in the heart of Madison! This four-unit mixed-use property offers multiple income streams with additional upside for its next owner. The café currently rents for $500/month, while the…
- Price $215,000
- Sq. Ft. 4,139
- Location Madison, SD
Property Details
Listing
- MLS # 22606119
- Status Active
- Property Type Mixed Use
- Year Built 1884
- Lot Sq. Ft. 6,800
- Lot Acres 0.1561
Interior
- Beds 0
- Baths 0
- Sq. Ft. 4,139
-
Floors
- Carpet
- Wood
- Vinyl
Systems
- Heating Other
- Cooling Central Air
Location
- Address 117 S Egan Ave
- City Madison
- State SD
- ZIP 57042
- County Lake
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