4,139 sqft

$200,000

117 S Egan Ave, Madison SD, 57042

Price per sqft$48.32

Built in1884

Property size4,139 sqft

Property typeCommercial

Listed by Tyce Ortman with eXp Realty - Elevated Sioux Falls Listing Contact: Cell: 605-413-7903

Overview

Active

Listed Aug 11, 2026

Updated 8 days ago

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!

Additional information

MLS^® ID: 22606119

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.16 Acres

Other Property Details

Taxes: $675
Tax Frequency: Annually

Listed by Tyce Ortman with eXp Realty - Elevated Sioux Falls Listing Contact: Cell: 605-413-7903

The IDX display contains information sourced from the REALTOR® Association of the Sioux Empire as of 10/12/2026. 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.

Data last updated on 10/12/2026 at 4:03 AM UTC