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11,600 sqft

$1,100,000

112 N Egan Ave, Madison SD, 57042

Price per sqft$94.83
Built in1908
Property size11,600 sqft
Property typeCommercial
Listed by Nic Allen with eXp Realty- SF-Allen Edge Team Listing Contact: Cell: 605-731-9199

Overview

Active

Active - Active

Listed Aug 26, 2026

Updated Aug 27

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.

Additional information

MLS® ID
22606587

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.16 Acres
MLS provider logo

Listed by Nic Allen with eXp Realty- SF-Allen Edge Team Listing Contact: Cell: 605-731-9199 

The IDX display contains information sourced from the REALTOR® Association of the Sioux Empire as of 8/27/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 8/27/2026 at 3:58 AM UTC

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