2750 Michigan Road Madison, IN ^$ 3,750,000

2750 Michigan Road

^$ 3,750,000

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Recently Listed

2750 Michigan Road

Madison, IN, 47250

^$ 3,750,000

Bedrooms-- Baths-- Sq 32,256

Monthly Estimate*

^$ 23,089

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Commercial Property for sale in Madison, IN

for $3,750,000. This 32,256 square foot building was built in 1983 on a lot size of 3.44.

Commercial Active

Price

^$ 3,750,000

Property Type

Commercial

Taxes

^$ 23,976

Style

Multi-Family 5+

Lot Size

3.44

Year Built

1983

Town/City

Madison

County/Region

Jefferson

MLS | Web ID

22106199

Features

General

Heating Zoned Other

Cooling Window Unit(s)

Utilities Sep Electric Meter Sep Gas Meter

Possession Closing Negotiable Subject to Tenant Rights

Roof Aluminum

Zoning R32

Architectural Style A-Frame

Year Built 1983

Tenant Pays Electricity Gas

Township Madison

Levels One

Property Subtype Multi-Family 5+

Tax Year 2025

Current Use Apt>20 See Remarks

Building Name Dover Apartments

Additional Parcels Description Second Parcel Included

County Jefferson

Net Operating Income 289523

New Construction N

Property Type Commercial Sale

Possible Use Apt>20 See Remarks

Status Active

Directions GPS Friendly

City Madison

High School District Madison Consolidated Schools

Number Of Units Total 55

MLS Area 3906 - Jefferson - Madison

Lot Size Square Feet 149846

Current Financing Exchange - 1031 Conventional

Middle/Junior High School Madison Consolidated Jr High Sch

Additional Parcels Y/N Y

Structure Type Apartment Building

Builder Name Cardinal

Standard Status Active

Tax Lot 2750

Cap Rate 8

Legal Description 011-00150-00 23-4-10 3.44A 11-4-4.2 =2750 Michgan Rd.

Exterior

Exterior Amenities Barn Mini Storage Storage Shed

Parking Features Asphalt

Lot Features Corner Lot Sidewalks Storm Sewer Street Lights Suburb Mature Trees

Foundation Details Block

Building Area Total 32256

Lot Size Acres 3.44

Waterfront Y/N N

Interior

Basement (Y/N) N

Laundry Features Connections All

* Excluded Features

List By

Ellsbury Group

Broker

david.orton@ellsburygroup.com

Affordability Calculator

$25,087

Per Month

Monthly Principal & Interest: $23,089
Monthly Property Taxes: $1,998
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Madison, IN

Average List Price ^$777,069

Percent of Sale Price 79%

About Madison, IN

11,653 Population

-2% Since 2002

^$46,103 Median Income

42.57 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4050448 Elementary School

4141949 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/4/2026	$3,750,000		Listed Price

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2750 Michigan Road, Madison, IN, 47250 is a Commercial Property for sale at $3,750,000 with 32,256 sqft and a lot size of 3.44. 2750 Michigan Road was built in 1983. The property's zip code is 47250 which is in Madison, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/16/2026.

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2750 Michigan Road

Commercial Property for sale in Madison, IN

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