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108 S Main St 7,561 SF Vacant Office Building Madisonville, KY 42431 $1,139,913 CAD ($150.76 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime location, Abundant parking, Iconic architecture
EXECUTIVE SUMMARY
Multi-functional Commercial/Residential
Investment Opportunity
Located at 108 S. Main Street in Madisonville, Kentucky, the commercial main floor of this iconic building is conducive to professional offices, medical facilities or retail space. Two furnished apartments are located on the second level, providing an additional and steady income stream. An on-site, paved lot provides abundant, safe and convenient parking. Take advantage of this rare opportunity to own a landmark structure in the central business district of a thriving and vibrant community.
Total Interior Square Footage: approx. 7,561
First (Commercial) Level:
Multiple office configurations are possible. A single tenant could occupy the entire 4,800+ sf main level. Alternatively, numerous combinations of office suites for multiple tenants are possible, ranging from 165+ sf to 3,550+ sf.
Second (Residential) Level:
One furnished bedroom, one bath apartment: approx. 1,028 sf
One furnished studio apartment: approx. 858 sf
Common area utility room
Price: $825,000
Investment Opportunity
Located at 108 S. Main Street in Madisonville, Kentucky, the commercial main floor of this iconic building is conducive to professional offices, medical facilities or retail space. Two furnished apartments are located on the second level, providing an additional and steady income stream. An on-site, paved lot provides abundant, safe and convenient parking. Take advantage of this rare opportunity to own a landmark structure in the central business district of a thriving and vibrant community.
Total Interior Square Footage: approx. 7,561
First (Commercial) Level:
Multiple office configurations are possible. A single tenant could occupy the entire 4,800+ sf main level. Alternatively, numerous combinations of office suites for multiple tenants are possible, ranging from 165+ sf to 3,550+ sf.
Second (Residential) Level:
One furnished bedroom, one bath apartment: approx. 1,028 sf
One furnished studio apartment: approx. 858 sf
Common area utility room
Price: $825,000
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
7,561 SF
Building Class
C
Year Built/Renovated
1967/1997
Price
$1,139,913 CAD
Price Per SF
$150.76 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,781 SF
Building FAR
0.30
Lot Size
0.58 AC
Zoning
COM - Ground level zoned for commercial, second floor zoned for commercial, as well as residential.
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Various
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Various | Professional, Scientific, and Technical Services | 99,999 SF | - | Lorem Ipsum | - |
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PROPERTY TAXES
| Parcel Number | M-33-5-16 | Total Assessment | $533,804 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
M-33-5-16
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$533,804 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Alford Properties
108 S Main St
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