Added: Mar 24Changed: Sep 10Last Checked: Oct 5 at 5:58PM
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Investment Insights
Based on property information with market context.
This 10.82-acre light industrial property is located in the rapidly expanding community of Pendleton. The site offers ample room for expansion, outdoor storage, or phased development, making it suited for a variety of industrial, contractor, or mixed-use applications. The property includes approximately 1050 feet of frontage on State Road 67, a 1,783-square-foot residential structure, and an additional outbuilding. Both structures can be repurposed for office, storage, or operational use. The site comprises four parcels, providing added flexibility for future configuration, resale, or redevelopment strategies. The property benefits from strong regional access, increasing demand, and continued economic expansion throughout Pendleton and the surrounding areas. It is suited for investors, developers, and owner-users seeking flexible light industrial land with expansion potential. Developers looking to capitalize on Pendleton’s growth will find value in the acreage and multi-parcel configuration, allowing for phased development, subdivision, or build-to-suit opportunities. The flexible zoning and available acreage support long-term appreciation and multiple exit strategies. It is ideal for contractors, landscapers, excavation companies, or trade businesses needing outdoor storage, equipment staging, and office space. The existing home can be converted into administrative offices while the land supports fleet parking and material storage. It is also well-suited for trucking companies or logistics users seeking land for trailer parking, dispatch operations, or a local hub. The site’s size and layout provide ample room for truck circulation, storage, and future improvements. It is perfect for an auto sales operation, equipment dealer, or RV/boat sales lot, with sufficient frontage and land area for display, inventory storage, and customer access. Businesses currently leasing space and looking to control their real estate can benefit from immediate usability combined with long-term expansion potential. Investors seeking underutilized industrial land with multiple structures can reposition the property through improved site utilization, rezoning, or parcel separation to increase overall value.
Key Highlights
10.82 acres of light industrial land in rapidly expanding Pendleton, IN.
Flexible zoning suitable for industrial, contractor, or mixed‑use applications.
Approx. 1050 feet of frontage on State Road 67, providing excellent visibility and access.
Property Analytics
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Current Use
Truck terminals
Suggested Use
Top PickDental OfficeHVAC ServiceBuilding SupplyPlumbing ServiceStorage FacilityGarden Center
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
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Business Placement
Demographics for 46064, IN
16,908
Population
6,158
Households
2.7
Avg Household Size
39
Median Age
32%
College-Educated
92%
High-School Grad
66.8 sq mi
ZIP Area
253
Density / Sq Mi
$92,012
Median Household Income
$50,947
Median Earnings
$1,121
Median Rent
$256,500
Median Home Value
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Market
Vacancy Rate%for Industrial in Midwest region
4.4%2019
4.9%2020
3.6%2021
3.1%2022
4.6%2023
5%2024
4.9%2025
Questions? Ask Rey
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Industrial land - 10.82-acre light industrial property with expansion potential in Pendleton, Indiana.
Where is this industrial land located?
The property is located at 8622 S State Rd 67 Pendleton, IN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 10.82 acres of light industrial land in rapidly expanding Pendleton, IN.; Flexible zoning suitable for industrial, contractor, or mixed‑use applications.; Approx. 1050 feet of frontage on State Road 67, providing excellent visibility and access.
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New: 350 Mission StJust listed · $36/SF · 2 min ago