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Land for Sale in Pendleton, Indiana

460 E Madison Ave, Pendleton, IN 46064

$1,499,999
40 acres
Active sale
Est $11,120/mo

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.

Location

Street address
460 E Madison Ave
Zip code
46064
Elevation
877 feet
Coordinates
39.996, -85.7394

Property details

Acreage
40 acres
Zoning
Current: AG-1 / Proposed: Mixed Residential
Posted

Parcels

  • 34-34-3021-1-004

Listing history

DateEventPriceChangeSource
Aug 7, 2026New listing$1,499,999Listing agent
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This 40-acre property is located at 460 E Madison Ave in Pendleton, IN 46064. The land is available for sale, priced at $1,499,999 — $37,500 per acre.

Listed by Christopher Chabenne, (317) 299-9999

Updated Source

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