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    69 State Road 38 Pendleton, IN 46064

    For Sale
    $1,800,000

    Agriculture - Pendleton, IN

    Type:Agriculture
    Lot size:
    10.11 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 5 at 12:06 pm

    Property Features for 69 State Road 38

    General Information

    Property type
    Land
    Property subtype
    Agriculture
    Standard status
    Active
    Zoning
    Agri
    APN
    481418400013000013
    Lot size
    10.11 Acres

    Building Details

    Architectural style
    Other

    RE/MAX Real Estate Solutions (765) 640-1900 [email protected]

    Listing agent Sonya Pickett (765) 640-1900 License #RB14045648

    Listing date Sep 23, 2025

    MLS# 21788167 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Opportunity

    This prime commercial land is located in a high-traffic area of Pendleton, Indiana, making it suitable for commercial development. The property is situated on the southwest corner of the roundabout at State Road 38, off I-69 exit, before Corporation Drive. The seller is offering approximately 8 to 10 acres for sale, with the listed price based on 8 acres. The total lot size is 10.114 acres, and the price per acre is negotiable. An updated survey is available for the property, which is zoned for agricultural use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Pawn Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pendleton
    County
    Madison
    State
    Indiana
    Longitude
    -85.774574
    Latitude
    40.00618

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    FAQs

    What type of property is this?
    Commercial land - High-traffic commercial land for sale in Pendleton, Indiana.
    Where is this commercial land located?
    The property is located at 69 State Road 38 Pendleton, IN.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Prime commercial location in high-end Pendleton area.; - High traffic count ensures excellent visibility.; - Located on the corner of a roundabout at St. Rd. 38, off I-69 exit.
    (765) 640-1900
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    Pendleton, IN 46064
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    69 State Road 38 Pendleton, IN 46064
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