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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!

Highlights

  • Commercial Sale
  • Mixed Use
  • Built in 1884
  • 0.1561 Acre Lot
  • 92 days on Market

  • Year Built
    1884
  • Stories
    2.0
  • Parking Features
    Paved
  • Living Area
    4139.0
  • Flooring
    Vinyl, Carpet, Wood
  • Cooling
    Central Air
  • Heating
    Natural Gas, Electric, Other

  • Acres
    0.1561
  • Utilities
    Water Available, Natural Gas Available

  • County
    Lake
  • City
    Madison
  • Neighborhood
    Original Plat
  • Zip Code
    57042

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Frequently Asked Questions

How do I schedule a tour of 117 S Egan Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 117 S Egan Ave.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 117 S Egan Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $200,000. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Madison, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 117 S Egan Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 117 S Egan Ave at around $1,194. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 117 S Egan Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Lake County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 117 S Egan Ave?

In most cases, yes. Whether 117 S Egan Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Madison's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 117 S Egan Ave?

We can handle that for you. Our preferred local agent specializes in commercial sales in Madison and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $200,000 with 4,139 sqft of space—that comes out to approximately $48 per square foot.

How long has this property been on the market?

117 S Egan Ave was listed on August 11, 2026, which means it's been on the market for 92 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1884, making it approximately 142 years old.

What is the lot size of this property?

117 S Egan Ave sits on a 0.16-acre lot, which is 6,970 square feet.

What are the property taxes for 117 S Egan Ave?

The most recent public record shows annual property taxes for 117 S Egan Ave were approximately $675. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 117 S Egan Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of REALTOR® Association of the Sioux Empire, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright © 2026 REALTOR® Association of the Sioux Empire, Inc. All rights reserved.

Last Updated: November 11, 2026 at 11:13PM | Source: REALTOR Association of the Sioux Empire | MLS#: 22606119