21 N Madison Ave

—
Baths
5,020 Sq. Ft.
$40 / Sq. Ft.
5,020
Sq. Ft.
$40
per Sq. Ft.

Description

Commercial property with lots of options in historic downtown North Vernon. Office or retail space on the ground level with 2740 Sq ft. including a lobby, conference room, offices, kitchenette and two restrooms. Would also make a nice space for a shop. Move in ready! Upstairs has a one bedroom apartment with living room, dining room, kitchen, bath and laundry. Apartment needs some TLC but has lots of space and includes a new boiler The fireplace, large windows and woodwork would be beautiful if refinished....Commercial property with lots of options in historic downtown North Vernon. Office or retail space on the ground level with 2740 Sq ft. including a lobby, conference room, offices, kitchenette and two restrooms. Would also make a nice space for a shop. Move in ready! Upstairs has a one bedroom apartment with living room, dining room, kitchen, bath and laundry. Apartment needs some TLC but has lots of space and includes a new boiler The fireplace, large windows and woodwork would be beautiful if refinished. Lots of rental possibilities. Parking on street in front and two parking spaces in back. Located in downtown North Vernon within walking distance of several restaurants, a gym, the downtown fountain area and the Park Theatre.
  1. Listed by Arlene Marion • F.C. Tucker Real Estate Experts

Property Details for 21 North Madison Avenue

Township
Center
Waterfront
No
Zoning
Commercial
LISTING UPDATED: 01/07/2026 04:09 PM

Property Details for 21 North Madison Avenue

StatusActive
MLS #22001182
Days on Market459
Taxes$1,130 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1900
Lot Size0.09 AC / 3,920 SF
CountyJennings County

Location

Listing Courtesy of F.C. Tucker Real Estate Experts
Add your commute

Building Information for 21 North Madison Avenue

Stories2Residences-Year Built1900Lot Size0.09 AC / 3,920 SF

Payment Calculator

$1,163 per month

30 year fixed, 6.15% Interest

Principal and Interest

$974

Property Taxes

$188

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 21 North Madison Avenue

Summary
Location and General Information
  • City: North Vernon
  • County Or Parish: Jennings
  • Directions: GPS Friendly
  • Postal Code: 47265
  • Postal Code Plus4: 1522
  • Road Frontage Type: City Street
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 400934310040000004
  • Semi Annual Property Tax Amt: 1130
  • Tax Year: 2023
  • TaxLot: 40-09-34-310-040.000-004
School Information
  • High School: Jennings County High School
  • Middle Or Junior School: Jennings County Middle School
  • School District: Jennings County School Corporation
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Vacant
  • Lot Size Square Feet: 3750.0
  • Lot Size Acres: 0.09
  • New Construction: False
  • Stories: 2
  • Possible Use: Office, Retail
  • Space Available: 5020
  • Sq Ft Total: 5020.0
  • Year Built Numeric: 1900
Property and Assessments
  • Affected by Disclosures: No
  • Divisible: Yes
  • DPRYN: No
  • Legal Subdivision: Pt N V 91 F
  • Photos Count: 18
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
Utilities
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Zoned, Forced Air, Natural Gas
Room Information
Bathrooms
  • Manuf Restrooms: 2

Property History for 21 North Madison Avenue

DateEvent & SourcePriceAppreciation
Aug 5, 2025

Price Change

MIBORMLS #22001182

$199,900—
Jan 2, 2025

Price Change

MIBORMLS #22001182

$215,000—
Sep 11, 2024

Listed (Active)

MIBORMLS #22001182

$225,000—
Sep 7, 2024

Expired

MIBORMLS #21966664

—
Mar 8, 2024

Listed (Active)

MIBORMLS #21966664

$275,000—
DateEvent & SourcePrice
08/05/2025

Price Change

MIBORMLS #22001182

$199,900
01/02/2025

Price Change

MIBORMLS #22001182

$215,000
09/11/2024

Listed (Active)

MIBORMLS #22001182

$225,000
09/07/2024

Expired

MIBORMLS #21966664

—
03/08/2024

Listed (Active)

MIBORMLS #21966664

$275,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 21 North Madison Avenue

Taxable ValueLand$28,100Additions$191,600Total$219,700
Tax Record2024$6,591 ($549 / month)
Home Facts
Total Finished SqFt14,064 SqFtAbove Grade Finished SqFt14,064 SqFtStories2Lot Size7,350 SqFtStyleMiscellaneous CommercialYear Built1888CountyJENNINGSAPN40-09-34-310-041.000-004

Schools near 21 North Madison Avenue

This home is within Jennings County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
North Vernon Elementary School
PublicPK to 6

Jennings County Middle School
Public7 to 8

Jennings County High School
Public9 to 12

St Mary Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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21 North Madison Avenue is a mixed use property for sale in North Vernon, IN 47265. This property was listed for sale on September 11, 2024 by F.C. Tucker Real Estate Experts, it's currently listed at $199,900. This listing's school district is Jennings County Schools. Nearby schools include North Vernon Elementary School, Jennings County Middle School and Jennings County High School. 21 North Madison Avenue is a 0-bed, 0-bath, 5,020 sqft mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of F.C. Tucker Real Estate Experts

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/24/2026 11:36 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.