109 Central Avenue, Madison, IN 47250
Jefferson_IN County
Key Facts
Description
Rare chance to own property directly across from Historic Downtown Madison festival hub Bicentennial Park, and close to the River Walk. This property sits in the heart of the action, offering unparalleled access to all the charm and activities downtown has to offer. The house itself is in need of renovation, but it provides a blank slate for any vision. Whether you dream of restoring the existing property into a historic downtown potential as a live/work space, the possibilities are endless. It is easily one of the most visible and marketable locations for music, hydroplane racing, car shows, and the growing attractions on Madison's Riverfront.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
OneStory
Year Built
1900
Living Area
1,082 sq ft
Lot Size
0.20 acres
Lot Dimensions
140x70
Garage Spaces
1
Zoning
Residential,Historic Dist
Days on Market
194
MLS® Listing#
2025011117
Property Features
Cooling
Heating
Fireplace
Basement
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$1,394
Parcel Number
39130223231033000007
Directions
Last house on Central Ave by Bicentennial Park.
Affordability Calculator
$79,800
Estimated monthly payment
$2,124/mo
Principal $319,200 · Est. interest $445,312 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Madison, IN
- $327,083
- Median Listing Price
- 72
- Median Days on Market
- 1,750
- Median Sq Ft
- $176
- Median Price / Sq Ft
- 85
- Active Listings
- This home’s price is 22% above the area median.
- Its price per sq ft is 109% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Madison, IN.
Location
Points of Interest in Madison, IN
Showing the Madison area map.
Nearby Schools
Lydia Middleton Elementary School
Elementary · 0.5 mi away
Madison Juvenile Corr Fac
School · 1.4 mi away
Shawe Memorial and Pope John XXIII Schools
School · 1.7 mi away
Shawe Memorial High School
Secondary · 1.7 mi away
Pope John XXIII Elementary School
Elementary · 1.7 mi away
E.O. Muncie Elementary School
Elementary · 2.3 mi away
Anderson Elementary School
Elementary · 2.6 mi away
Grace Baptist Church
School · 2.6 mi away
Madison High School
Secondary · 3.0 mi away
Madison Consolidated Schools
Elementary · 3.0 mi away
Milton Elementary School
Elementary · 3.1 mi away
Faith Lutheran Church
Elementary · 3.5 mi away
Christian Academy of Madison
School · 3.6 mi away
Rykers' Ridge Elementary School
Elementary · 3.8 mi away
Southwestern High School
Secondary · 5.2 mi away
Southwestern Jefferson County Schools
School · 5.2 mi away
Southwestern Elementary School
Elementary · 5.2 mi away
Bedford Elementary School
Elementary · 9.0 mi away
Trimble County High School
Secondary · 9.2 mi away
Carroll County Middle School
Secondary · 11.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2301 Blackmore Street, Madison, IN | $279,900 | 3 | 2 | 2,014 |
| 952 W Main Street, Madison, IN | $285,000 | 3 | 2 | 1,385 |
| 6734 N SR 7, Madison, IN | $289,900 | 3 | 2 | 1,575 |
| 6734 N SR 7, Madison, IN | $289,900 | 3 | 1 | 1,575 |
| 213 E FOURTH Street, Madison, IN | $299,900 | 3 | 2 | 1,988 |
| 2330 Cragmont Street, Madison, IN | $309,900 | 3 | 2 | 1,867 |
Moving Cost Estimate
EXIT Agents in Madison
Listing Courtesy: Century 21 River Valley - 812-273-1234
Last Updated: 2025-09-17