40 Acre Residential Development Site

THE OPPORTUNITY

See the potential.

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.

• Vacant
• Development

THE DETAILS THAT MATTER

A closer look.

Transaction

For sale

Property type

Land

Building area

Not provided

Lot area

40 acres

Year built

Not provided

Zoning

Current: AG-1 / Proposed: Mixed Residential

Information is supplied by the listing source. Unpublished financial fields are omitted. Financial figures and availability should be independently confirmed. Catalog updated Oct 19, 2026.

460 East Madison Avenue, Pendleton, IN 46064