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    8622 Pendleton Ave Pendleton, IN 46064

    Sponsored
    For Sale
    $1,800,000

    Mixed Use - Pendleton, IN

    Type:Mixed Use
    Property size:
    1,783 SF
    Lot size:
    8.78 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 6 at 10:06 pm

    Property Features for 8622 Pendleton Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    RESIDENTIAL/INDUSTRIAL
    APN
    481429400098000013
    Size
    1,783 SF
    Lot size
    8.78 Acres

    Building Details

    Architectural style
    Other

    Highgarden Real Estate (317) 280-4663 [email protected]

    Listing agent Kellie Ryan (317) 205-4320 License #RB14046383

    Listing date Dec 27, 2025

    MLS# 22077335 Listing URL

    Copyright © 2026 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

    Pendleton Land with Development Potential

    This property features just under 9 acres of land with a residential home spanning 1783 square feet, including three bedrooms and two baths. Situated on State Road 67 in Pendleton, Indiana, the property is in the process of annexation and rezoning for industrial commercial use. The total acreage is 8.78 acres. The property currently consists of four parcels, which are in the process of being rezoned to one parcel number with industrial use for the new owner. The zoning is residential/industrial. Permitted and conditional uses are detailed in the supplements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Kitchen & Bath Storage Facility HVAC Service Bar & Pub Garden Center Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pendleton
    County
    Madison
    State
    Indiana
    Longitude
    -85.729831
    Latitude
    40.027441

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    FAQs

    What type of property is this?
    Commercial land - 8.78 acres in Pendleton, IN, with residential home.
    Where is this commercial land located?
    The property is located at 8622 Pendleton Ave 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: - Large Land Parcel: Just under 9 acres; - Prime Location on State Road 67; - Opportunity for Industrial Use by New Owner
    (765) 480-5758
    Request Owner's contact information
    8622 Pendleton Ave Pendleton, IN 46064
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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
    8622 Pendleton Ave Pendleton, IN 46064
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