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For sale
  • $489,900

    2631 Michigan Road, Madison, IN 47250

    2beds
    2,672sqft
    : 
    Single Family Residence
    Built in 1900
    0.93 Acres Lot
    $447,600 Zestimate®
    $183/sqft
    $-- HOA

    What's special

    Additional finished areasDetached garageStrong visibilityAmple parkingExcellent road frontageGenerous lot sizeWarehouse-style space
    Well-maintained property situated on just under one acre along Michigan Road in Madison. The living quarters are nicely finished, clean, and comfortable, offering excellent potential for owner occupancy or rental use. In addition to the residential dwelling, the property includes a functioning successful business and a variety of improvements that provide extensive storage, workspace, and flexible use options. All this includes the larger primary structure, detached garage, warehouse-style space, and additional finished areas that have been used for a successful business and service-related purposes in the past. The property offers excellent road frontage, strong visibility, ample parking, and a generous lot size, making it appealing for a wide range of lifestyles, live/work setups, or income-producing opportunities. This unique property presents a rare chance to own a residential dwelling with exceptional additional buildings and land in a highly desirable Madison location.
    87 days
    |
    193
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew Phillips,

    Coldwell Banker Harrell & Asso

    Source: SIRA,MLS#: 202605426MLS LogoOriginating MLS: Southern Indiana REALTORS Association

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Baseboard
      Cooling
      • Window Unit(s), WallWindow Unit(s)
      Appliances
      • Included: Dishwasher, Oven, Range, Refrigerator
      • Laundry: Laundry Closet, Main Level
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 2,672
      • Total interior livable area: 2,672 sqft
      • Finished area above ground: 2,672
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached, Garage
      • Garage spaces: 1
      • Details: Off Street
      Lot
      • Size: 0.93 Acres
      Details
      • Additional structures: Garage(s)
      • Parcel number: 390822114001000007
      • Zoning: Commercial
      • Zoning description: Commercial

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Roof: Shingle
      Condition
      • Resale
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Connected, Public

      Community & HOA

      Location
      • Region: Madison

      Financial & listing details

      • Price per square foot: $183/sqft
      • Tax assessed value: $207,000
      • Annual tax amount: $5,103
      • Date on market: 1/16/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $447,600

        $425,000 - $470,000

        $1,134/mo

        Price history

        Price history
        DateEventPrice
        1/16/2026Listed for sale$489,900$183/sqft
        Source: SIRA #202605426 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$5,294 +22%$207,000
        2023$4,340 +11.7%$207,000 +0.9%
        2022$3,887 -1.3%$205,200 +7.8%
        2021$3,937 +4.4%$190,300
        2020$3,770 +4.1%$190,300
        2019$3,621 +2.5%$190,300
        2018$3,531 +4.4%$190,300 +0.4%
        2017$3,383 -2.6%$189,500
        2016$3,475 +6.6%$189,500 +1.8%
        2014$3,260 -2%$186,100 -0.3%
        2013$3,326 -16.6%$186,600 -15.3%
        2012$3,988 $220,300

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $2,795/mo
        Principal & interest
        $2526
        Property taxes
        $269
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          Climate risks

          Neighborhood: 47250

          Getting around

          61 / 100
          Somewhat Walkable
          46 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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