460 E Madison Ave, Pendleton, IN 46064
Property image
Property image
FOR SALE
3D VIEW
39.95 ACRES

$1,499,999

    460 E Madison Ave, Pendleton, IN 46064

    Est. Mortgage $9,081/mo*
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    Home Highlights

    Lot/Land
    39.95 acre lot

    Local Information

    • Map ViewExplore the area around 460 E Madison Ave.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    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.
    Last check for updates: about 17 hours ago
    Listing Provided by: Michael Kosene
    Kosene & Kosene Residential
    Christopher Chabenne, (317) 225-9969
    Kosene & Kosene Residential
    Source: MIBOR as distributed by MLS GRID, MLS#22025177
    Also Listed on MIBOR as distributed by MLS GRID.

    Home Details for 460 E Madison Ave

    Active Status

    MLS Status: Active

    Exterior Features

    Frontage
    Road Frontage: City Street, Street CutsRoad Surface Type: Asphalt
    Farm & Range
    Horse Amenities: None
    Surface & Elevation
    Topography: Level

    Days on Market

    Cumulative Days on Market: 3Days on Market: 180+

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land, Farm
    Building
    Not a New ConstructionNo Additional Parcels
    Property Information
    Parcel Number: 481421700002000013

    Price & Status

    Price
    List Price: $1,499,999
    Status Change & Dates
    Possession Timing: Close Of Escrow

    Media

    Location

    Direction & Address
    City: PendletonCommunity: Madison Avenue
    School Information
    Elementary School: Pendleton Elementary SchoolJr High / Middle School: Pendleton Heights Middle SchoolHigh School: Pendleton Heights High SchoolHigh School District: South Madison Com Sch Corp

    Agent Information

    Listing Agent
    Listing ID: 22025177

    HOA

    No HOA

    Lot Information

    Lot Area: 39.95 Acres

    Listing Info

    Special Conditions: Broker Owned

    Miscellaneous

    Mls Number: 22025177Attribution Contact: mk@koseneandkosene.com

    Around this home

    What Locals Say about Pendleton

    At least 49 Trulia users voted on each feature.

    • 96 % Say yards are well-kept

    • 92 % Say it's dog friendly

    • 88 % Say car is needed

    • 87 % Say there's holiday spirit

    • 86 % Say people would walk alone at night

    • 83 % Say kids play outside

    • 78 % Say parking is easy

    • 77 % Say it's quiet

    • 69 % Say there are sidewalks

    • 69 % Say there's wildlife

    • 67 % Say neighbors are friendly

    • 61 % Say they plan to stay for at least 5 years

    • 59 % Say streets are well-lit

    • 54 % Say there are community events

    • 40 % Say it's walkable to restaurants

    • 25 % Say it's walkable to grocery stores

    Sourced by Trulia users. Learn more about our methodology.
    • Chelsie Taylor
      "It is a close knit but very large community. We have access to several parks, a kayaking lake, and a community center that can be rented out for events. We also are able to vote at the community center and there is a church at the front of the neighborhood. "
      0
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    • Drgnwmn58
      "We all look after each other property pets kids if you need anything just let one of us know we got you "
      0
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    • Shannon F.
      "People are always walking dogs. A couple of homes don’t have fences and dogs will chase you. Most all neighbors here are responsible pet owners but there are always a few in the crowd..."
      10
      Flag
    • Accampbell
      "this place is a great place to live. it take a village and here you have one. people always look out for eachother just like family."
      0
      Flag
    • Mhuff430
      "Everyone is friendly. Plenty of kids for my daughter to play with in the neighborhood. The town is clean "
      2
      Flag
    • Jennifer B.
      "I’ve lived in town for 3 years. This is a tight community. I feel safe and love the culture. I appreciate that I can walk to most shops and eateries. "
      1
      Flag
    • Jenny C.
      "small town! everyone knows everyone. great schools!! historic downtown and great park. close to shopping and dining."
      1
      Flag
    • Joe P.
      "very good schools, we feel very safe here. just love it, all our neighbors help out. there is a true sense of community here."
      1
      Flag
    • Whitbrooke
      "Festivals we hold such as Christmas in Pendleton, the Fall Festival, Homecoming Parade, the small town feel."
      2
      Flag
    • Raysindygirl
      "I live here and love it. When I lived in Indy, I always wanted to move here because it is out of the hustle and bustle of Big Indy but close enough to visit. Takes about 20 mins to get to Castleton Mall"
      0
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    • ricksmiles77
      "Great area for families or singles. Close to many things at Hamilton Commons or to Anderson, Fishers & Noblesville. Swimming pool, clubhouse, playground areas. Home backs up to the lake."
      0
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    • william_h_30273
      "Great family neighborhood, two parks, swimming, tennis, basketball, volleyball, clubhouse."
      0
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    Market trends in Pendleton

    Last updated August 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    76
    3    MoM

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    950 S West St, Pendleton, IN
    1.78
    Lot/Land
    $250,000
    09/26/25
    -
    -
    S 625 W, Pendleton, IN
    3.01
    Lot/Land
    $295,000
    12/17/25
    -
    -
    1050 W County Line Rd, Indianapolis, IN
    2.98
    Lot/Land
    $276,000
    04/29/26
    -
    -
    W County Road 1050 S, Pendleton, IN
    2.98
    Lot/Land
    $286,900
    03/05/26
    -
    -
    Lot Four W County Rd #1050, Pendleton, IN
    2.98
    Lot/Land
    $260,000
    04/30/26
    -
    -
    County Road 1050 S, Pendleton, IN
    2.98
    Lot/Land
    $260,000
    11/21/25
    -
    -
    S County Road 100 W, Pendleton, IN
    3.35
    Lot/Land
    $437,000
    03/05/26
    -
    -
    3640 W 67th St, Anderson, IN
    3.60
    Lot/Land
    $2,200,000
    05/22/26
    -
    -
    W 1100 S, Pendleton, IN
    3.50
    Lot/Land
    $252,000
    10/17/25
    -
    -
    S Layton Rd, Anderson, IN
    4.22
    Lot/Land
    $119,000
    04/24/26
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    400 E Madison Ave, Pendleton, IN 46064
    0.09
    $470,000
    3
    2
    3,770
    For Sale
    Madison Ave, Pendleton, IN 46064
    0.09
    -
    -
    -
    -
    Off Market
    220 E Madison Ave, Pendleton, IN 46064
    0.15
    $185,600
    3
    1
    1,368
    Off Market
    430 Pearl St, Pendleton, IN 46064
    0.17
    $260,000
    3
    1.5
    1,564
    Recently Sold
    212 E Madison Ave, Pendleton, IN 46064
    0.18
    $336,000
    3
    2
    1,539
    Recently Sold
    515 S Broadway St, Pendleton, IN 46064
    0.18
    $215,000
    3
    1
    982
    Recently Sold
    213 E Madison Ave, Pendleton, IN 46064
    0.19
    $445,000
    3
    3
    2,133
    Recently Sold
    404 Pearl St, Pendleton, IN 46064
    0.21
    $228,100
    3
    2
    1,484
    Off Market
    737 S Broadway St, Pendleton, IN 46064
    0.20
    $330,000
    4
    3
    2,472
    Off Market
    636 S Broadway St, Pendleton, IN 46064
    0.21
    $276,400
    3
    2
    2,106
    Off Market
    413 S Broadway St, Pendleton, IN 46064
    0.23
    $424,800
    4
    2.5
    3,060
    Off Market

    Price and Tax history

    DateEventPrice
    Feb 10, 2026
    Source: MIBOR as distributed by MLS GRID #22025177
    		Listed For Sale
    $1,499,999

    LGBTQ Local Legal Protections

    Michael Kosene, Kosene & Kosene Residential
    Based on information submitted to the MLS GRID as of 2026-09-19 05:33:12 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information

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    Frequently asked questions about 460 E Madison Ave

    • How big is 460 E Madison Ave?
      460 E Madison Ave in Pendleton, IN is about 40 acres.
    • What is the price per acre for 460 E Madison Ave?
      460 E Madison Ave in Pendleton, IN is listed at $1,499,999, or about $40K per acre.
    • What do residents say about Pendleton?
      Residents describe Pendleton, IN as well-kept, dog-friendly, and easy to park in. Most residents say you need a car. See homes for sale in Pendleton, IN.
    • What are the closest schools to 460 E Madison Ave?
      The closest schools to 460 E Madison Ave in Pendleton, IN are Pendleton Elementary School (Pre-K, rated 7/10), Pendleton Heights High School (rated 10/10), Pendleton Heights Middle School (rated 8/10).
    460 E Madison Ave, Pendleton, IN 46064 is a lot/land. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Feb 10, 2026. The MLS # for this home is MLS# 22025177.