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112 N Egan AveMadison, SD 57042

Other - Outside Jurisdiction · Other (Out of Jurisdiction) County

$1,100,000List price
11,600Sq Ft
1908Year built
0.16Acre lot
4 weeks agoOn market

Description

DOWNTOWN MADISON COMMERCIAL INVESTMENT OPPORTUNITY! Located in the heart of downtown Madison, this well-maintained commercial building, featuring tons of new renovations, offers an excellent opportunity for an investor seeking established tenants, long-term leases, and strong income potential. The property features approximately 11,600 total square feet with two established tenants occupying separate levels. The main floor, approximately 5,800 square feet, is leased to Anytime Fitness, while the approximately 5,800-square-foot upper level is leased to Bulldog Media Group. Both tenants are secured with 5-year leases, providing a combined gross annual income of $98,400. Recent capital improvements add value and peace of mind, including new mechanical systems completed within the past year and a new roof installed approximately two years ago. The building also features a freight elevator, providing convenient access between floors and added flexibility for commercial use. Located in downtown Madison, the property offers a central location surrounded by local businesses, services, and the community's established commercial district. With quality tenants, long-term leases, recent updates, and a strong income stream, this property is a great opportunity to add a stabilized commercial investment to your portfolio.

Property Information

Property type
Commercial Sale
Sub-type
Retail
Year built
1908
Living area
11,600 Sq Ft
Lot size
0.16 acres
Zoning
Commercial
Days on market
30
MLS® Listing#
22606587

Property Features

Heating
Central · Natural Gas
Flooring
Carpet · Tile
Roof
Composition
Security
Smoke Detector(s)
Parcel number
210100090012010

Directions

from NW 2nd St, S on Egan Ave N

Realtor Association of the Sioux Empire, Inc logo

Listing Courtesy: eXp Realty- SF-Allen Edge Team - Cell: 605-731-9199

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Last Updated: 2026-08-26

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