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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
    $296,600 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.
    2 days
    |
    458
    |
    7
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    Zillow last checked: 8 hours ago

    Listing updated: January 16, 2026 at 01:28pm

    Listed by:

    Andrew Phillips,

    Coldwell Banker Harrell & Asso

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

    Tour with a local agent

    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

    $296,600

    $211,000 - $397,000

    $1,867/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%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $2,821/mo
    Principal & interest
    $2381
    Property taxes
    $269
    Home insurance
    $171

      Climate risks

      Neighborhood: 47250

      Nearby schools

      GreatSchools rating

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