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$529,000
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Property Description
PRICE REDUCED TO $529,000 Prime 6.5+ Acre Live-Work Property in the Route 20 Business Corridor, Madison, OH Rare opportunity to live and work together in a prime established location. This clean, mid-century 3,500 sq. ft. brick ranch features 3 bedrooms, 2.5 baths, 2-car attached garage, semi-finished basement, and a peaceful 1/3-acre stocked pond. Move-in ready with room for your personal updates. A separate 1,600 sq. ft. finished masonry building offers gas heat, hot water, half-bath, two offices, ample storage, 4 parking bays, and a 6-car concrete lot with great Route 20 signage. The 6.5+ acres consist of three commercial-zoned parcels (two undeveloped) with multiple road frontages - ideal for business expansion, a gentleman's farm, orchard, vineyard, or investment. Utilities: electric, natural gas, city water. Excellent live-work-invest potential. Don't miss this value at the new price! Schedule your private showing today.
Full Property Details
Full Property Details for 5500 N Ridge Rd
General
- Price: $529,000
- Taxes: $5,828 (2025)
- Status: Active
- Type: Single Family
- Source: 505
- MLS ID: 5198835
- Updated: 6/16/2026
- Added to Site: 98 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Bookcases, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Bar, Natural Woodwork
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Basement, Den
- Appliances: Dryer, Range, Refrigerator, Water Softener, Washer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
- Main Floor Baths: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: Additional Parking, Attached, Circular Driveway, Concrete, Direct Access, Detached, Garage Faces Front, Garage, Garage Door Opener
Location
- County: Lake
- Township: Madison Twp
- Driving Directions: Adjacent to the corner of McMackin Rd and State Route 20
School Information
- Elem School District: Madison LSD Lake- 4303
- Midd School District: Madison LSD Lake- 4303
- High School District: Madison LSD Lake- 4303
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Forced Air
Utilities
- Sewer: Septic Tank
- Water: Public
Structural Information
- Architectural Style: Ranch
- Construction: Brick, Block
- Basement: Yes
- Basement Desc.: Daylight, Exterior Entry, Full, Finished, Interior Entry, Bath/Stubbed, Storage Space, Walk-Out Access
- Roof: Asphalt, Fiberglass
- Stories/Levels: 1
- Square Feet: 3,512
- Living Area: 3,512 Sq. Ft.
- Finished Above Grnd: 1,762 Sq. Ft.
- Finished Below Grnd: 1,750 Sq. Ft.
- Year Built: 1956
- Year Built Source: Assessor
Additional Structures
- Other Structures: Garage(s), Shed(s)
Lot Features
- Property View: Pond
- Lot Size (Acres): 6.58
- Lot Size: 6.58
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $5,828.08
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Estate
- Legal Description: LOT 4 TRACT 4
- Property ID: 01-B-122-0-00-073-0
Listed by EXP Realty, LLC., Daniel McGarry
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Schools
Schools serving 5500 N Ridge Rd
School District:Madison Local School District, Bainbridge, OH
| Name | Grades | Distance |
|---|---|---|
Red Bird Elementary School 92 East Main Street, Madison, OH 44057 | K-5 | 3 mi |
Madison Middle School, Madison, OH 6079 Middle Ridge Road, Madison, OH 44057 | 6-8 | 1.1 mi |
Madison High School, Madison, OH 3100 Burns Road, Madison, OH 44057 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5500 N Ridge Rd
Date
Details
Price
Change
Source
6/16/2026
Price Reduced
$529,000
-10.32%
MLS
4/27/2026
Price Reduced
$589,900
-14.49%
MLS
4/07/2026
Listed
$689,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5500 N Ridge Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
-100%
$98,730
—
2024
$4,424
29%
$98,730
51%
2023
$3,441
-1%
$65,250
—
2021
$3,487
—
$65,250
—
2022
$3,481
5%
$65,250
16%
2020
$3,323
—
$56,250
—
2019
$3,326
3%
$56,250
—
2018
$3,216
-5%
$56,250
-1%
2017
$3,368
10%
$57,090
—
2016
$3,058
4%
$57,090
—
2015
$2,953
-2%
$57,090
—
2014
$3,019
1%
$57,090
—
2013
$2,999
—
$57,090
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5500 N Ridge Rd
5500 N Ridge Road, Madison, OH 44057 (MLS# 5198835) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 5500 N Ridge Road is currently listed for $529,000 and was received on April 07, 2026. Want to learn more about 5500 N Ridge Road? Do you have questions about finding other Single Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.
