Prime Residential Development
For Sale
$1,400,000
488 W Hutchinson Lane, Madison, IN 47250
45-acre residential land for new subdivision/development in Madison, Indiana.
Property Size1,892 SF
Lot Size45.00 Acres
Price / SF$739.96
Days on Market1854
Property Features for 488 W Hutchinson Lane
General Information
Standard status
Active
Size
1,892 SF
Lot size
45.00 Acres
Property subtype
Farm
Taxes and HOA fees
Annual Taxes
$3,893
Amenities
3
Porch
Residential
Outbuildings.
2 Garage Spaces.
Aluminum, Frame
Shed. Paved Road.
Building Details
Year Built
1900
Stories
2
Listing Agency:
Coldwell Banker Harrell & Asso
(812) 265-3000
Listed By:
Jacqueline Greene
(812) 265-3000
Source:
Xome
Added: Jul 13, 2021
Changed: Aug 8
Last Checked: Jul 15 at 11:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Harrell & Asso
Investment Insights
Based on property information with market context.
This prime real estate opportunity consists of almost 45 acres, currently zoned for R4 residential, suitable for a new subdivision or development on Madison's hilltop. The property is in a desirable location on the edge of town, close to many businesses, potentially making it highly sought after for new homes. A house on the property requires major repairs. A spacious garage is in great condition and can be used for immediate storage of equipment or building supplies. Water and electricity are already on the property, providing an opportunity to get a running start on new construction. The property could be used to create a development of new homes for Madison. The existing house has a tenant with no lease. The property size is 1892 square feet.
Key Highlights
- Almost 45 acres of land zoned R4 residential, suitable for subdivision/development.
- Desirable location on the edge of town, close to businesses.
- Water and electricity are already connected to the property.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 47250, IN
22,596
Population
10,534
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
89%
High-School Grad
211.4 sq mi
ZIP Area
107
Density / Sq Mi
$56,667
Median Household Income
$36,950
Median Earnings
$857
Median Rent
$179,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 45-acre residential land for new subdivision/development in Madison, Indiana.
Where is this residential land & home lot located?
The property is located at 488 W Hutchinson Lane Madison, IN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Almost 45 acres of land zoned R4 residential, suitable for subdivision/development.; Desirable location on the edge of town, close to businesses.; Water and electricity are already connected to the property.
