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45520 226th St., Madison, SD 57042

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For Sale

$198,600

Estimated Payment

$ 1,020 /mo. †

6.65% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Farm/Ranch
    Property type

Explore this Property

Located: From Madison, SD Pizza Ranch: 7-miles north, 1 1/4-mile East on 226th street, North Side of the Road. Legal: East 33.1 acres of the West 1/2 of the Southeast 1/4, Sec 32-108-52, Lake County, SD. Taxes: The entire 160-acre parcel's taxes were $3,587.58. The farm has been split into three parcels; we are only selling the 33-acres of pasture; new taxes will be assessed for 2025. 33.1 Surveyed acres of good pasture land with some tillable ground. This is the east side of the farm. It will include all the land that is currently in grass plus a narrow strip of farmland along the east edge of the property, approx. 8 acres of farm ground. Tract 2 Price: $6,000 per ace x 33.1-acres == $198,600. Terms: 10% down payment due when a purchase agreement in signed by all parties. Title Insurance & closing costs are split 50/50 between the buyer and seller. Seller has provided a survey at the Seller's expense. 2024 Taxes due in 2025 will be paid for by the seller at closing. The new buyer will have full farming & lease rights for the 2025 crop year. The farm is offered with a first right of refusal by an heir to the estate.
MLS# 11453109

Courtesy Of Girard Auction & Land Brokers, Inc.

(605) 267-2421

Property Features

  • Architecture Style
    Other

Map and Directions

Directions to 45520 226th St., Madison, SD 57042

Home seller CENTURY 21 Krogman & Company

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(605) 692-2100
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,020
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,020

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Rutland Elementary - 02

Grades PK-5 Public School

Rutland, SD 57057 6.7 miles
102 school st

75 total students
9:1 Student teacher ratio

School Rating: B-

School Details

Rutland Jr. High - 03

Grades 6-8 Public School

Rutland, SD 57057 6.7 miles
102 school st

39 total students
8:1 Student teacher ratio

School Rating: C-

School Details

Rutland High School - 01

Grades 9-12 Public School

Rutland, SD 57057 6.7 miles
102 school st

39 total students
6:1 Student teacher ratio

School Rating: B+

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Madison, SD 57042

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Madison, SD 57042

This community’s employment is highest in the administrative support and sales industries. The area’s overall household expenses are above the national average.

84° July
Hottest Average Month
3° January
Coldest Average Month
3,581 Total Households in Area
0.8% Increase in population since the year 2010
24.7%
of households
have children
14 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Madison, SD 57042

Madison, SD 57042 has a population of 7,873 people in 3,581 households with a median age of 40.1 years old.

0.8%
Increase in population
since the year 2010
Population is Trending up
3,248
Total households as of 2010
7.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 40.1 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 89%
Hispanic 8%
Other 2%
Native American 2%
Black 1%
Asian 1%
The most prevalent ethnicity is White at 89%, followed by Hispanic at 8%, Other at 2%, and Native American at 2%.

Economics
for Madison, SD 57042

41 /sq mi
Population Density
$66,250 /yr
Median Household Income
$0
Median Sales Price
14 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 22.02% of the households.

Transportation to Work

  • Drive 87%
  • Work from Home 7%
  • Walk or Bike 6%
  • Public Transit 1%

Occupancy by Type

Owned 2,196 53%
Rented 1,384 33%
Vacant 553 13%

White vs Blue Collar Jobs







White Collar 72%
Blue Collar 28%

Family & Education Facts
for Madison, SD 57042

40.1 Median Age

Average Household Size

2.1
persons per
household

48.2%

Married Households

Community Population By Education

High School Graduate 27%
Some College 22%
Bachelors Degree 22%
Graduate Degree 10%
Some High School 9%
Associates Degree 9%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 27.34% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
24.7% of households have children

Weather
for Madison, SD 57042

The weather for this area ranges from a high of 84° F in July to a low of 3° F in January

84° July
Hottest Average Month
3° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
3°
23°
Feb
8°
29°
Mar
20°
41°
Apr
33°
57°
May
45°
70°
Jun
55°
79°
Jul
60°
84°
Aug
58°
83°
Sep
48°
73°
Oct
36°
61°
Nov
22°
42°
Dec
9°
28°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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