$1,499,999
39.95± Acres
Active
Madison County, IN

460 Madison, Pendleton, Indiana

MLS ID: 22025177
Status: Active
Price: $1,499,999
Acres: 39.95±
Type: Farm, Land
Address: 460 Madison
City, State: Pendleton, IN
County: Madison County
ZIP Code: 46064
Parcel Number: 481421700002000013

Description

This offering presents an exceptional opportunity to acquire approximately 40 acres within the incorporated Town of Pendleton, one of Madison County's most established and steadily growing communities. The property is identified in the Town's Comprehensive Plan for future residential development and represents one of the last remaining large contiguous tracts within municipal boundaries. All utilities are available at the site, providing a strong foundation for efficient development planning. Strategically positioned near key community amenities, the property offers proximity to local retail services, municipal facilities, and Pendleton's historic downtown district. The site also benefits from convenient regional connectivity via State Road 67, providing direct access to the greater Indianapolis metropolitan area. Pendleton is known for its well-maintained infrastructure, walkable downtown environment, and golf-cart-permitted local road network - a distinctive community feature that enhances internal connectivity and local mobility. With limited remaining large-scale residential land within town limits, this offering presents a rare opportunity for developers to deliver thoughtfully planned housing in a supply-constrained submarket supported by strong regional growth dynamics. The seller welcomes proposals and encourages prospective purchasers to submit development concepts for consideration.

Directions: GPS Friendly

Additional Information

Exterior

Lot Features: City Lot, Irregular Lot, Not In Subdivision, Storm Sewer, Suburb, Mature Trees
Lot Size Square Feet: 1,740,178
Other Structures: Not Applicable
Road Frontage Type: City Street
Road Surface Type: Asphalt
Water Source: Public

Financial/HOA/Schools

Days On Market: 2
Elementary School: Pendleton Elementary School
Middle School: Pendleton Heights Middle School
High School: Pendleton Heights High School
High School District: South Madison Com Sch Corp
Subdivision Name: Madison Avenue
Zoning: A-1

Extra Information

Documents Available: See Remarks
Chad Renbarger

Chad Renbarger

Fortville, Indiana

(317) 597-2352

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Listed By: Michael Kosene of Kosene & Kosene Residential - (317) 340-4727