Madison, SD Homes for Sale under $200,000

• 

  

  

  /19

  $79,900

  • Land
  • 1.18 Acres
  • $67,620 per Acre

  2140 Harvest Creek Ln Ln, Madison, SD 57042

  Peaceful country living, open views, no back yard neighbors and no HOA! This lot is located near Lake Herman and its public boat landing, near Madison Country Club and minutes from town! Enjoy the Freedom of living in the country but less than 10 minutes from the convenience of town amenities!

  

  Adam Foland

  EXIT Realty Advantage

  2140 Harvest Creek Ln Ln, Madison, SD 57042
• 

  

  

  /36

  $119,900

  $5K PRICE DROP

  • Land
  • 1.4 Acres
  • $85,765 per Acre

  0 Bob Price Blvd Blvd Unit 22602125, Madison, SD 57042

  Spacious lot with expansive open views of the countryside! Next door to the Madison Country Club and Lake Herman makes this the perfect recreational oasis! This lot features +/-1.39 acres on all hard surface roads, (No Gravel). HOA covers snow removal and maintenance of shared concrete road. Grab your spot and plan your future!

  

  Adam Foland

  EXIT Realty Advantage

  0 Bob Price Blvd Blvd Unit 22602125, Madison, SD 57042
• 

  

  

  /3

  $89,900

  • Land
  • 34,821 Sq Ft
  • $112,459 per Acre

  0 S Tbd 2nd St St, Madison, SD 57042

  Prime opportunity in a growing area of Madison! This ±0.80-acre lot is ideally located just minutes from downtown, offering excellent accessibility and visibility. Zoned Light Manufacturing, this property opens the door to a wide range of potential uses—perfect for a shop, warehouse, storage, or small business operation. With convenient access to main roads and nearby commercial activity, this

  

  Sarah Cronin

  Signature Realty Group LLC

  0 S Tbd 2nd St St, Madison, SD 57042
• 

  

  

  /12

  $79,900

  $20K PRICE DROP

  • 4 Beds
  • 1 Bath
  • 1,280 Sq Ft

  412 SW 2nd St, Madison, SD 57042

  Investment opportunity in Madison! This four-bedroom, one-bathroom residence offers opportunity for rental income or value-add renovation. The home features convenient main-floor laundry and a functional layout. Located just a short distance from downtown, the property provides easy access to shopping, dining, and local amenities—an appealing option for tenants. Property is being sold AS IS.

  

  Julie Jones

  Signature Realty Group LLC

  412 SW 2nd St, Madison, SD 57042
• 

  

  

  /5

  $179,900

  • Land
  • 25,378 Sq Ft
  • $308,788 per Acre

  0 Tbd Dakota Ave Ave, Madison, SD 57042

  New Development on the north shore of beautiful Lake Madison, SD. The development is located right off Highway 34; a mere 35 minutes to either Sioux Falls or Brookings, and a 5 minute drive to all the amenities in Madison. The develper is open to a variety of building options to include: single family, twin home, condo and shouses. Bring your plans or the developer has plans available to build

  

  Brad Benson

  Signature Realty Group LLC

  0 Tbd Dakota Ave Ave, Madison, SD 57042
• 

  

  /5

  $169,900

  • Land
  • 21,061 Sq Ft
  • $351,396 per Acre

  0 Tbd Dakota Ave Ave, Madison, SD 57042

  New Development on the north shore of beautiful Lake Madison, SD. The development is located right off Highway 34; a mere 35 minutes to either Sioux Falls or Brookings, and a 5 minute drive to all the amenities in Madison. The develper is open to a variety of building options to include: single family, twin home, condo and shouses. All you need to do is bring your plans or they have building

  

  Brad Benson

  Signature Realty Group LLC

  0 Tbd Dakota Ave Ave, Madison, SD 57042
• 

  

  /5

  $159,900

  • Land
  • 16,570 Sq Ft
  • $420,347 per Acre

  0 Tbd Dakota Ave Ave, Madison, SD 57042

  New Development on the north shore of beautiful Lake Madison, SD. The development is located right off Highway 34; a mere 35 minutes to either Sioux Falls or Brookings, and a 5 minute drive to all the amenities in Madison. The develper is open to a variety of building options to include: single family, twin home, condo and shouses. Bring your plans or the developer has plans available to build

  

  Brad Benson

  Signature Realty Group LLC

  0 Tbd Dakota Ave Ave, Madison, SD 57042
• 

  

  /28

  $164,900

  • 5 Beds
  • 2 Baths
  • 1,934 Sq Ft

  109 NE 4th St, Madison, SD 57042

  Spacious 5-bedroom, 2-bath home offering plenty of room for a growing family, rental income potential, or investment opportunity. This property has seen extensive updates, including all new windows, siding, roof, flooring throughout, front deck, front entry door, sliding patio door, appliances, updated bathroom, and an updated electrical panel.The generous floor plan provides abundant living

  

  Adam Foland

  EXIT Realty Advantage

  109 NE 4th St, Madison, SD 57042
• 

  

  /17

  $192,500

  $3K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 720 Sq Ft

  6114 Dakota Ave, Madison, SD 57042

  Affordable rustic cabin with views of Lake Madison! This lakeview corner-lot property offers quick access to Johnson's Point, just minutes from your front door, while providing convenient space for your lake toys and recreational equipment. Inside, you'll find original hardwood flooring in the living and dining rooms, complemented by charming pine walls that create a warm cabin atmosphere. With

  

  Julie Jones

  Signature Realty Group LLC

  6114 Dakota Ave, Madison, SD 57042
• 

  

  /6

  $130,000

  $30K PRICE DROP

  • Land
  • 2.62 Acres
  • $49,584 per Acre

  1235 Pelican Point Rd, Madison, SD 57042

  EXCLUSIVE BUILDER DISCOUNT OF $30,000.00. Spacious country lot near the Madison Country Club and Lake Herman. Build your dream home on this +/- 2.5-acre lot all with views of the country landscape just off an oil road. Enjoy the serenity of the county while being only minutes from town. All lots are connected to public roads with utilities available. Buyer is responsible for hookup fees and

  

  Brandon Burg

  Signature Realty Group LLC

  1235 Pelican Point Rd, Madison, SD 57042
• 

  

  /18

  $89,900

  • 3 Beds
  • 1 Bath
  • 1,208 Sq Ft

  607 NE 4th St, Madison, SD 57042

  Conveniently located less than half a mile from Dakota State University, this ranch-style home offers an excellent opportunity for first-time homebuyers, investors, or anyone looking for an affordable home with practical living space. Featuring 3 bedrooms, a 3/4 bathroom, and 1,208 finished square feet, the home offers a functional layout with comfortable everyday living. Inside, you'll find a

  

  Brandon Burg

  Signature Realty Group LLC

  607 NE 4th St, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 10,907 Sq Ft
  • $279,549 per Acre

  813 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison's newest development, "The Reserve"! Located in popular NE Madison! Lots are various sizes up to 1/2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  813 Harter Dr, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 13,660 Sq Ft
  • $223,211 per Acre

  912 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  912 Harter Dr, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 13,163 Sq Ft
  • $231,631 per Acre

  935 Cir, Madison, SD 57042

  Location! Location! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  935 Cir, Madison, SD 57042
• 

  

  /17

  $49,999

  $10K PRICE DROP

  • Land
  • 9,260 Sq Ft
  • $235,179 per Acre

  916 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  916 Harter Dr, Madison, SD 57042
• 

  

  /17

  $60,000

  $10K PRICE DROP

  • Land
  • 12,458 Sq Ft
  • $209,790 per Acre

  612 Harter Dr Dr, Madison, SD 57042

  Attention Investors! Build a twinhome in Madison’s newest development, The Reserve, with land costs of only $35,000 per side!

  Brenda Thompson Signature Realty Group LLC

  612 Harter Dr Dr, Madison, SD 57042
• 

  

  /17

  $60,000

  $10K PRICE DROP

  • Land
  • 12,458 Sq Ft
  • $209,790 per Acre

  602 Harter Dr Dr, Madison, SD 57042

  Attention Investors! Build a twinhome in Madison’s newest development, The Reserve, with land costs of only $35,000 per side!

  Brenda Thompson Signature Realty Group LLC

  602 Harter Dr Dr, Madison, SD 57042
• 

  

  /17

  $89,999

  $10K PRICE DROP

  • Land
  • 27,834 Sq Ft
  • $140,844 per Acre

  941 Harter Dr, Madison, SD 57042

  Location! Location! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  941 Harter Dr, Madison, SD 57042
• 

  

  /17

  $89,999

  $10K PRICE DROP

  • Land
  • 24,546 Sq Ft
  • $159,714 per Acre

  929 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  929 Harter Dr, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 13,647 Sq Ft
  • $223,425 per Acre

  932 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  932 Harter Dr, Madison, SD 57042
• 

  

  /17

  $89,999

  $10K PRICE DROP

  • Land
  • 21,444 Sq Ft
  • $182,813 per Acre

  923 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison's newest development, "The Reserve"! Located in popular NE Madison! Lots are various sizes up to 1/2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  923 Harter Dr, Madison, SD 57042
• 

  

  /24

  $99,000

  • Land
  • 1.35 Acres
  • $73,100 per Acre

  0 Cove Unit 22604649, Madison, SD 57042

  Don't miss this rare opportunity to own a beautiful lot overlooking the serene waters of Lake Herman. Nestled among mature trees, this property offers breathtaking views, natural shade, and a peaceful ambiance that’s perfect for your dream home or vacation retreat. Located next to the Cottonwood Cove Launch Ramp, it’s a dream come true for boating enthusiasts and nature lovers alike. Whether

  Angela Peters EXIT Realty Advantage

  0 Cove Unit 22604649, Madison, SD 57042
• 

  

  /17

  $60,000

  $10K PRICE DROP

  • Land
  • 15,128 Sq Ft
  • $172,761 per Acre

  500 Harter Dr Dr, Madison, SD 57042

  Attention Investors! Build a twinhome in Madison’s newest development, The Reserve, with land costs of only $35,000 per side!

  Brenda Thompson Signature Realty Group LLC

  500 Harter Dr Dr, Madison, SD 57042
• 

  

  /7

  $95,000

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 840 Sq Ft

  316 N Catherine Ave, Madison, SD 57042

  Opportunity awaits with this 2 bedroom, 1 bath ranch home on a HUGE lot! Currently a shell and mid-remodel, this property offers a blank slate for your vision. Ideal for investors, flippers, rental portfolio additions, or buyers seeking an affordable starter home. Endless potential--bring your ideas and make it your own!

  Dave Larson Hegg Real Estate

  316 N Catherine Ave, Madison, SD 57042
• 

  

  /17

  $60,000

  $10K PRICE DROP

  • Land
  • 12,458 Sq Ft
  • $209,790 per Acre

  542 Harter Dr Dr, Madison, SD 57042

  Attention Investors! Build a twinhome in Madison’s newest development, The Reserve, with land costs of only $35,000 per side!

  Brenda Thompson Signature Realty Group LLC

  542 Harter Dr Dr, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 13,050 Sq Ft
  • $233,642 per Acre

  739 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison's newest development, "The Reserve"! Located in popular NE Madison! Lots are various sizes up to 1/2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  739 Harter Dr, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 13,926 Sq Ft
  • $218,952 per Acre

  927 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  927 Harter Dr, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 14,017 Sq Ft
  • $217,523 per Acre

  749 Harter Dr Dr, Madison, SD 57042

  Location! Location! Build your dream home in Madison's newest development, "The Reserve"! Located in popular NE Madison! Lots are various sizes up to 1/2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  749 Harter Dr Dr, Madison, SD 57042
• 

  

  /17

  $60,000

  $10K PRICE DROP

  • Land
  • 16,552 Sq Ft
  • $157,895 per Acre

  442 Harter Dr Dr, Madison, SD 57042

  Attention Investors! Build a twinhome in Madison’s newest development, The Reserve, with land costs of only $35,000 per side!

  Brenda Thompson Signature Realty Group LLC

  442 Harter Dr Dr, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 11,700 Sq Ft
  • $260,607 per Acre

  913 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  913 Harter Dr, Madison, SD 57042
• 

  

  /6

  $114,900

  • Land
  • 13,599 Sq Ft
  • $368,033 per Acre

  400 S Block Washington Ave Ave, Madison, SD 57042

  This lot is a clean slate! Bring your business plan to life here on one of the busiest roads in Madison. The exposure is perfect for an up and coming business. Washington Avenue has recently been completely redone to accommodate changes to the city's infrastructure. With access to water, natural gas, electricity, and sewer, this piece of property with a level topography is ideal for the

  Angela Peters EXIT Realty Advantage

  400 S Block Washington Ave Ave, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 11,700 Sq Ft
  • $260,607 per Acre

  907 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  907 Harter Dr, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 10,389 Sq Ft
  • $293,497 per Acre

  917 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison's newest development, "The Reserve"! Located in popular NE Madison! Lots are various sizes up to 1/2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  917 Harter Dr, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 20,364 Sq Ft
  • $149,730 per Acre

  816 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  816 Harter Dr, Madison, SD 57042
• 

  

  /8

  $60,000

  • Land
  • 0 Sq Ft

  Lots 1 & 2 Western Estates Addn, Madison, SD 57042

  Approaches are already in place off Highway 34, just 10 minutes west of Madison. These two nearly 1 acre lots are being sold together as one parcel, offering space, flexibility, and privacy. The property features a southern exposure driveway, making it ideal for building a zero entry home, barndominium, or shouse. Kingsbrook Rural Water is available at the north property line, adding convenience

  Kory Davis The Experience Real Estate

  Lots 1 & 2 Western Estates Addn, Madison, SD 57042
• 

  

  /17

  $69,999

  $10K PRICE DROP

  • Land
  • 11,700 Sq Ft
  • $260,607 per Acre

  845 Harter Dr, Madison, SD 57042

  Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

  Brenda Thompson Signature Realty Group LLC

  845 Harter Dr, Madison, SD 57042
• 

  

  /17

  $60,000

  $10K PRICE DROP

  • Land
  • 12,458 Sq Ft
  • $209,790 per Acre

  532 Harter Dr Dr, Madison, SD 57042

  Attention Investors! Build a twinhome in Madison’s newest development, The Reserve, with land costs of only $35,000 per side!

  Brenda Thompson Signature Realty Group LLC

  532 Harter Dr Dr, Madison, SD 57042
• 

  

  /21

  $164,900

  • 2 Beds
  • 1 Bath
  • 1,050 Sq Ft

  900 W Center St, Madison, SD 57042

  Welcome to this maintained 2 bedroom, 1 bath home featuring an oversized 26 x 30 detached garage situated on a corner lot. Step inside to find a warm and welcoming main level featuring a recently renovated formal dining room, cozy living room, 3/4 bath and lovely kitchen with painted cabinets. Round out the main floor with two bedrooms featuring hardwood flooring. Build some sweat equity with the

  Christopher Thompson Midwest Realty

  900 W Center St, Madison, SD 57042
• 

  

  /14

  $149,500

  • Land
  • 23,761 Sq Ft
  • $274,060 per Acre

  6090 Dakota Ave, Madison, SD 57042

  Rare opportunity to purchase multiple residential lots being offered together as one listing at beautiful Lake Madison! With over 1 acre combined, this unique property provides the perfect setting to build your dream lake retreat or year-round residence with added space, flexibility, and privacy. Enjoy the freedom to design a custom home, additional garage space, storage buildings, or outdoor

  Ron Weber Hegg, REALTORS

  6090 Dakota Ave, Madison, SD 57042
• 

  

  /48

  $150,000

  • 3 Beds
  • 1.5 Baths
  • 962 Sq Ft

  219 Union Ave S, Madison, SD 57042

  This two story century plus old home features 3 bedrooms, 2 bathrooms, and a detatched one stall garage with an additional carport. The main floor features a living room, master bedroom & bath, and a kitchen with a slider door out to the backyard. The upper level features two additional bedrooms & a bathroom. New central air installed! Currently used as a rental property this could remain with

  Justin Garry Hegg, REALTORS

  219 Union Ave S, Madison, SD 57042

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