2750 Michigan Rd

Madison, IN 47250

$3,750,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Presenting a prime investment opportunity in the thriving market of Madison, Indiana: a well-maintained 55-unit multifamily apartment complex featuring a desirable mix of 9 studio apartments, 36 one-bedroom units, and 10 two-bedroom units. Ideally located in a growing community known for its historic charm and strong rental demand, this property offers consistent occupancy and excellent potential for long-term returns. With a proven income stream and a unit configuration that appeals to a wide range...Presenting a prime investment opportunity in the thriving market of Madison, Indiana: a well-maintained 55-unit multifamily apartment complex featuring a desirable mix of 9 studio apartments, 36 one-bedroom units, and 10 two-bedroom units. Ideally located in a growing community known for its historic charm and strong rental demand, this property offers consistent occupancy and excellent potential for long-term returns. With a proven income stream and a unit configuration that appeals to a wide range of tenants, this asset is perfectly suited for investors seeking stability and growth.
  1. Listed by Lacie Wilson • Schuler Bauer Real Estate Powe

Property Details for 2750 Michigan Road

Township
Madison
Waterfront
No
Zoning
R32
LISTING UPDATED: 10/15/2025 12:46 PM

Property Details for 2750 Michigan Road

StatusActive
MLS #22038923
Days on Market222
Taxes$10,330 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1983
Lot Size3.44 AC / 149,846 SF
CountyJefferson County

Location

Listing Courtesy of Schuler Bauer Real Estate Powe
Add your commute

Building Information for 2750 Michigan Road

Stories-Residences55Year Built1983Building Size-Lot Size3.44 AC / 149,846 SF

Payment Calculator

$20,252 per month

30 year fixed, 6.28% Interest

Principal and Interest

$18,530

Property Taxes

$1,722

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2750 Michigan Road

Summary
Location and General Information
  • City: Madison
  • County Or Parish: Jefferson
  • Directions: GPS Friendly
  • Postal Code: 47250
  • Postal Code Plus4: 1874
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 390823200027000007
  • Semi Annual Property Tax Amt: 10330
  • Tax Year: 2024
  • Additional Parcels Description: 39-08-23-200-028.000-007
  • TaxLot: 39-08-23-200-027.000-007
School Information
  • Middle Or Junior School: Madison Consolidated Jr High Sch
  • School District: Madison Consolidated Schools
Property
Lot Information
  • Acreage: 3-5 Acres
  • Current Use: See Remarks
  • Lot Size Square Feet: 149846.0
  • Lot Size Acres: 3.44
  • New Construction: False
  • Possible Use: See Remarks
  • Space Available: 0
  • Structure Type: Apartment Building
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1983
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: 011-00150-00 23-4-10 3.44A 11-4-4.2 =2750 Michgan Rd.
  • Photos Count: 14
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Utilities
  • Utilities: Electricity Connected
Interior and Exterior Features
Interior Features
  • Levels: One
Multi Family
Multi-Family Information
  • Total Units: 55
  • Garage Parking: Parking Lot
Unit 1
  • Unit Kitchen: o
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: Apartments
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 2750 Michigan Road

DateEvent & SourcePriceAppreciation
Oct 15, 2025

Price Change

MIBORMLS #22038923

$3,750,000—
Jun 27, 2025

Price Change

MIBORMLS #22038923

$3,850,000—
May 14, 2025

Listed (Active)

MIBORMLS #22038923

$4,125,000—
Jul 22, 2022

Sold

MIBORMLS #21885655

$3,125,000—
Mar 22, 2022

Pending

MIBORMLS #21885655

—
Mar 22, 2022

Listed (Active)

MIBORMLS #21885655

$325,000—
DateEvent & SourcePrice
10/15/2025

Price Change

MIBORMLS #22038923

$3,750,000
06/27/2025

Price Change

MIBORMLS #22038923

$3,850,000
05/14/2025

Listed (Active)

MIBORMLS #22038923

$4,125,000
07/22/2022

Sold

MIBORMLS #21885655

$3,125,000
03/22/2022

Pending

MIBORMLS #21885655

—
03/22/2022

Listed (Active)

MIBORMLS #21885655

$325,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2750 Michigan Road

Taxable ValueLand$100,700Additions$929,900Total$1,030,600
Tax Record2024$20,660 ($1,722 / month)
Home Facts
Total Finished SqFt3,456 SqFtAbove Grade Finished SqFt3,456 SqFtStories1Lot Size149,846 SqFtStyleMulti-Family Res (5+ Units)Year Built1983CountyJEFFERSONAPN39-08-23-200-027.000-007

Schools near 2750 Michigan Road

This home is within Madison Consolidated Schools.
Rating
School
Type
Grades
Distance
Anderson Elementary School
Public - PK to 4
Madison Consolidated Jr High School
Public - 5 to 8
Madison Consolidated High School
Public - 9 to 12
E.O. Muncie Jr/Sr High School
Public - 7 to 12
Rating
School
Distance
Anderson Elementary School
PublicPK to 4

Madison Consolidated Jr High School
Public5 to 8

Madison Consolidated High School
Public9 to 12

E.O. Muncie Jr/Sr High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 2750 Michigan Road, Madison, IN 47250

2750 Michigan Road is a multi-family home for sale in Madison, IN 47250. This property was listed for sale on May 14, 2025 by Schuler Bauer Real Estate Powe, it's currently listed at $3,750,000. It has been on the market for a total of 222 days and was last sold on July 22, 2022. This listing's school district is Madison Consolidated Schools. Nearby schools include Anderson Elementary School, Madison Consolidated Jr High School and Madison Consolidated High School. 2750 Michigan Road is a 0-bed, 0-bath, multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Schuler Bauer Real Estate Powe

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/21/2025 11:59 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.