
Sheldon Barnes
For Sale — 8273 E State Road 56, Madison, IN 472508273 E State Road 56
Madison, Indiana 47250
No Subdivision
4
Beds
2
Baths
2,154
Sq Ft
1900
Year Built
10
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Madison, Indiana and the rest of Hamilton County. Book a private tour of 8273 E State Road 56, ask any question about this home, or talk through what you should know about buying in Madison.
ABOUT THIS HOME
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.
Key things to know
- 10 acres with ~1,100 ft state road frontage
- Historic 1900 home with modern HVAC, roof, windows, kitchen
- Private paved drive through property
- Barns and outbuildings for storage or workshop
- Adjoins 127-acre fish and wildlife area
Monthly payment
Estimate · $275,000
$1,582/mo
≈ $1,464 principal & interest · $119 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $55,000 on a loan of $220,000.
Price history
- Price reduced$300,000 → $275,000
Apr 20, 2026
- Listedat $300,000
Nov 7, 2025
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Comparative value
5 comps in this range
This home is 17% below median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$300,000Listed· Nov 7, 2025
$275,000Reduced
↓ $25,000 (8.3% off original)
165 days on market
Layout
Schools
Madison Consolidated Schools
Middle
Madison Consolidated Jr High Sch
Neighborhood
- Downtown Indianapolis87.5 mi
- Fishers High School95.3 mi
- Conner Prairie95.4 mi
- Hamilton Southeastern HS95.9 mi
- Hamilton Town Center95.9 mi
- IU Health North Hospital96.6 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
2,154 sq ft
Year Built
1900
Stories
Three Or More
Subdivision
No Subdivision
Bedrooms
4
Bathrooms
2 full
School District
Madison Consolidated Schools
