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8273 E State Road 56, Madison, IN
Location is key, and this property sits between two of the Best Small Midwest Towns in America, according to USA Today. Conveniently located between Madison and Vevay, this versatile 10 acre tract offers a mix of residential, recreational, and small business potential. The parcel features about 1,100 feet of State Road 56 frontage and roughly 100 feet on E Splinter Ridge Road. A paved road that once served as the main highway now winds privately through the property, creating a unique paved drive for walking, biking, or vehicle access. Originally built in 1900, the historic home reflects craftsmanship from its era, still visible in portions of the rafters and framing. The residence has been improved with a new HVAC system, furnace, water filtration system, roof, windows, and kitchen cabinets. There are four bedrooms according to County GIS plus 2 bathrooms and a laundry room. There are several other rooms for storage or office use. The property also includes barns and outbuildings suitable for equipment storage, workshops, or other uses. The tract adjoins Splinter Ridge Fish and Wildlife Area, providing access to an additional 127 acres of public hunting and recreation ground. Several mature deer have been harvested as wildlife move along the wooded hillsides and nearby crop fields. Lower portions of the property feature native Pawpaw trees, while mature Oak, Maple, Hickory, and Sycamore cover the upper canopy. Outdoor recreation continues beyond the property, with nearby public ramps to the Ohio River and Indian-Kentuck Creek for fishing, boating, and waterfowl hunting. The location offers quick access to shopping and dining in Madison and Vevay, with Belterra Casino and multiple golf courses within an hour's drive. The Milton-Madison Bridge provides easy access into Kentucky, just ten minutes away. This property's combination of versatility, accessibility, and recreation potential makes it a standout in southeastern Indiana.
Property Type
Single Family
Style
Farmhouse
Year Built
1900
Lot Size
10 acres
Price / Sqft
$111
Days on Market
6 days
Full Baths
2
Subdivision
No Subdivision
MLS #
MBR22072500
Listing Type
Residential
Market
MIBOR
Middle
Madison Consolidated Jr High Sch
8273 E State Road 56, Madison, IN 47250 — Jefferson County
Brad Garrison
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How this home compares across city, state, and national benchmarks
Listed at $300,000, this 4-bed house in Madison is 61% above the Census median home value of $186,600 for Madison. Indiana's median home value is $139,802, putting this listing 115% above the state benchmark. The U.S. national median home value is $334,900.
Where this listing falls among 5 homes for sale
Madison has a population of 12,277 with a median household income of $57,050 and a homeownership rate of 58.3%. The median home value is $186,600 and the median rent is $827/mo.
Sources: U.S. Census Bureau ACS 2023, Fizbo listing data