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460 E Madison Avenue

Pendleton, IN 46064
  • $1,499,999
  • STATUS: Active
  • ON SITE: 121 Days
  • MLS #: 22025177
UPDATED: 210 min ago
$1,499,999
  • 0
    BEDS
  • 39.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Farm
County:

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.

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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-06-12T00:25:25.32. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.davidbrentonsteam.com/homes/172922989
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460 E Madison Avenue Pendleton, IN 46064

  • Price: $1,499,999
  • Status: Active
  • On Site: 121 Days
  • Updated: 210 min ago
  • MLS #: 22025177
0
Beds
0
Baths
0
½ Baths
39.95
Acres
Neighborhood:
Madison Avenue
County:
Madison
Area:
4816 - Madison - Fall Creek
Elementary School:
Pendleton Elementary School
Middle School:
Pendleton Heights Middle School
High School:
Pendleton Heights High School
School District:
South Madison Com Sch Corp
Property 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.
Exterior Features

Horse Amenities None Land Characteristics CityIrregular LotSuburban Lot Information City LotIrregular LotNot In SubdivisionStorm SewerSuburbMature Trees Other Structures Not Applicable Road Access Street Cuts Road Frontage Type City Street Road Surface Type Asphalt Soil Type Other Topography Level View YN No Waterfront YN No

Property Features

Acres >20 Acres Association YN No Development Status Surveyed Divisible No Dpr YN No Facilities Near ElectricSewerWater Facilities On NoneElectricGasRailSewerTelephoneWaterWater & Sewer Listing Terms Not Applic New Construction YN No Possession Closing Present Zoning Agricultur Property Sub Type Farm Semi Annual Property Tax Amt 763 Sewer Public Sewer Solid Waste No Special Listing Conditions Broker Owned Tax Exemption None Tax Year 2024 Township Fall Creek Transaction Type Sale Type Agric Land Water Municipal Water on Site Water Source Public Zoning A-1

Listing provided courtesy of Kosene & Kosene Residential: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-06-12T00:25:25.32. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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David Brenton's Team
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Indianapolis IN, 46237