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Unlock the potential of this versatile property on Madison's Hilltop! Whether you're looking for a residential home, a commercial space, or a combination of both, this prime location offers endless possibilities. The main level is currently set up as an apartment, featuring a cozy living room, kitchen, dining area, bedroom, full bath, and utility room. Upstairs, you'll find two additional rooms—perfect for bedrooms or office space—along with a second full bath. The area beneath the home provides convenient storage or space for a golf cart. Situated in a high-traffic area, this property is an excellent investment opportunity. Inspections are welcome, but the property is being sold as-is. Don’t miss your chance—schedule a showing today! The apartment is occupied by a tenant and requires 24 hour notice for showings. Property recently appraised and priced accordingly. Zoned General Business. Tenant pay $800 plus 50% of utilities which averages $120/mo.

PROPERTY FEATURES

Rooms Total : 10
Water Source : Connected,Public Sewer System : PublicSewer
Parking Features : Deck Garage : Yes. Attached Garage : Yes. Garage Spaces: 1
Exterior Features : Deck Road Surface Type : Paved Roof : Shingle
Architectural Style : OneAndOneHalfStory Property Sub-Type Additional : Residential Property Condition : Resale Zoning : Residential,Commercial Zoning Description : Residential,Commercial
Heating : Yes. Heating : ForcedAir Cooling : Yes. Cooling : CentralAir
Construction Materials : VinylSiding Foundation Details: Block
Laundry Features : MainLevel,LaundryRoom Appliances : Dryer,Oven,Range,Refrigerator,Washer
Above Grade Finished Area : 1200 S.F

PROPERTY DETAILS

Street Address: 508 W State Street
City: Madison
State: Indiana
Postal Code: 47250
MLS Number: 202506124
Year Built: 1974
Courtesy of eXp Realty, LLC

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