460 E Madison Ave
Pendleton, IN 46064
(on 39.95 acres)
Local Information
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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.
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
85 days ago
Home Details for 460 E Madison Ave
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MLS Status: Active |
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Frontage Road Frontage: City Street, Street CutsRoad Surface Type: Asphalt |
Farm & Range Horse Amenities: None |
Surface & Elevation Topography: Level |
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Cumulative Days on Market: 2Days on Market: 85 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land, Farm |
Building Not a New ConstructionNo Additional Parcels |
Property Information Parcel Number: 481421700002000013 |
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Price List Price: $1,499,999 |
Status Change & Dates Possession Timing: Close Of Escrow |
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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 |
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Listing Agent Listing ID: 22025177 |
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No HOA |
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Lot Area: 39.95 Acres |
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Special Conditions: Broker Owned |
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Mls Number: 22025177 |
Last check for updates: about 8 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.
Price History for 460 E Madison Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 02/10/2026 | $1,499,999 | Listed For Sale | MIBOR as distributed by MLS GRID #22025177 |
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Comparable Sales for 460 E Madison Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.55 | Lot/Land | $49,500 | 05/15/25 | - | - | ||
1.78 | Lot/Land | $250,000 | 09/26/25 | - | - | ||
2.08 | Lot/Land | $150,000 | 06/18/25 | - | - | ||
3.01 | Lot/Land | $295,000 | 12/17/25 | - | - | ||
2.73 | Lot/Land | $150,000 | 09/10/25 | - | - | ||
2.98 | Lot/Land | $276,000 | 04/29/26 | - | - | ||
2.98 | Lot/Land | $286,900 | 03/05/26 | - | - | ||
2.98 | Lot/Land | $260,000 | 04/30/26 | - | - | ||
2.98 | Lot/Land | $260,000 | 11/21/25 | - | - | ||
3.35 | Lot/Land | $437,000 | 03/05/26 | - | - |
Assigned Schools
These are the assigned schools for 460 E Madison Ave.
- Pendleton Heights High School
- 9-12
- Public
- 1357 Students
9/10GreatSchools RatingParent Rating AverageI’m a former student here. The administration and staff here is terrible. A lot of the male teachers are very weird, resource officer is very weird, they don’t even care for their students. give out punishments for things that should be illegal.Other Review3y ago - Pendleton Heights Middle School
- 7-8
- Public
- 721 Students
5/10GreatSchools RatingParent Rating AverageThis school is a mess. I wake up every morning and feel drained because the kids here are absolutely terrible and teachers don't do anything to help with bullying or harassment. Not even the bus drivers that are hired to pick up your kids and drop them off! I am currently an 8th grader and last year taught me how mean people can be for no apparent reason. If you don't do sports, you're a nobody, if you are quiet, you're weird, if you have a certain haircut, they will call you names and keep harassing you until you get a reaction out. Even if you got into a fight the year before or were raped, everyone will make fun of you. None of the staff will do anything about it because they don't care. The gym teachers are always on their phones, the 7th grade teachers are mostly young, but they don't do much and they don't care when a fight breaks out. We had a bully prevention presentation in the gym last year with this Best Buddies club, and it was all about playing basketball and if you made a certain amount of shots in the basket, you'd get an apple gift card. They only talked about bullying for 10 minutes. The guys in this school are absolutely disgusting and will ask about what's in your pants, what color is it, and touch you when you don't want to be touched. I was sexually harassed in this school last year and the school didn't step in until my stepfather was by the guys dog. I was in the office until the 2nd period to wait for the counselor and they yelled at me when I had my phone out. They refuse to let you go to the bathroom as well when we are doing nothing in class. The guys even make jokes about raping you and your whole family. The girls here just plain out hate everyone. They either are too hot to care about class or they will do anything to make you hate yourself. Oh, and every kid there will take a picture of anybody without them knowing and post it on their social media illegally! They will also make you feel bad for anything you do, feel, or what you are passionate about. But that is all I have to say about this school. It's awful in every way but the education is good at least, but this school is just an awful environment for your kid to be around. You really can't trust anyone in this school either but that's all. I don't recommend this school at all. Don't bring your kids here and don't be yourself in this school.Student Review2y ago - Pendleton Elementary School
- PK-6
- Public
- 840 Students
8/10GreatSchools RatingParent Rating AverageThey are the best!!! The teachers and the school! Amazing work…Parent Review4mo ago 
Check out schools near 460 E Madison Ave.
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
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Michael Kosene, Kosene & Kosene Residential
Based on information submitted to the MLS GRID as of 2026-05-06 06:28:02 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
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.