$399,000

109 Central Avenue, Madison, IN 47250

2 beds |
1 bath |
1,082 sqft

Single-Family Home
Built in 1900
8,904sqft lot
1 car garage
$369/sqft
Listed 6 months ago

Property 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.

Listing Status:: Active
Data Last Updated:: April 5, 2026 at 9:19PM
Listing Office:: Century 21 River Valley : 812-273-1234
MLS ID:: 2025011117

Laundry: In BasementOther
Basement: UnfinishedWalk-Out Access
A/C: Central Air
Heating: Forced Air
Fireplace: Wood BurningFireplaceFireplaces: 1

Style: One Story
Parking: Basement

Roofing: Shingle
General: Brick1

Road/Access: Paved
Originating MLS: SIRA_SIRA
County: Jefferson_IN

Zoning: ResidentialHistoric Dist011-04100-00/99 PT RIVER BLK 6 11-132-9/10 109 CENTRAL AVE39130223231033000007
View: RiverScenicView

Water: ConnectedPublic
Sewer: Public Sewer

Source: SIRA_SIRA

This listing courtesy of Century 21 River Valley

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Lydia Middleton Elementary School

714 W Main St, Madison, IN, 47250

Grades PK-4

0.45 miles away

E.O. Muncie Jr/Sr High School

800 Lanier Dr, Madison, IN, 47250

Grades 7-12

2.37 miles away

E.O. Muncie Jr/Sr High School

800 Lanier Dr, Madison, IN, 47250

Grades 7-12

2.37 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.