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28655395
28655396

1530 W State Rd 38, Pendleton, IN 46064 For Sale

JS
RB20002065
Midland Realty Group Inc
Listed by Midland Realty Group Inc
$1,300,000
237 days on market
Updated 26 days ago

Pendleton Gateway Commercial Acres II

Details
APN 48-14-20-200-005.000-013
Property Type Land, Mixed Use
Sub Type Commercial, Residential
Acreage 5.920
Zoning GB

Premier Mixed-Use & Business Development Land at the I-69 / SR-38 Interchange | 5.92 acres

Marketing description

Pendleton Gateway Commercial Acres delivers two prime parcels ( ~ 8.25 acres and ~ 5.92 acres) positioned directly off the I-69 / State Road 38 interchange, one of the most traveled and fastest-growing corridors in Madison County. This particular listing is for the larger of the two lots. Zoned General Business / Commercial / Mixed-Use, these sites offer a rare opportunity to build high-visibility retail, restaurant, hospitality, medical, office, or multi-use concepts with no industrial or single-family restrictions diluting the vision.

The property benefits from immediate proximity to established area draws including Wolfie’s Grill, Tractor Supply, Hamilton Station Apartments, LeafSpring School, and Pendleton’s expanding commercial districts. Strong traffic counts, excellent sightlines, and easy ingress/egress make this land a natural choice for regional brands, local anchors, or signature developments seeking presence at the gateway to Pendleton.

These parcels combine Pendleton’s small-town charm with Indianapolis-metro connectivity, making them ideal for destination-oriented projects that capitalize on both local demand and interstate exposure.

Investment highlights

Sizeable 8.25 Acre plot

  • 8.25 acres offers flexible configurations for multi-pad, single-tenant, or mixed-use layouts.

Top-Tier Location

  • Immediate access and visibility from I-69, with direct frontage along State Road 38.

High-Value Zoning

  • Approved for General Business, Commercial, and Mixed-Use development.

  • No industrial or single-family permitted, preserving commercial integrity.

Explosive Area Growth

  • Pendleton continues to attract residential, commercial, and logistical expansion, all of which demand for retail, food service, office, and hospitality.

Surrounded by Strong Anchors

  • Near Wolfie’s Grill, Tractor Supply, LeafSpring School, Hamilton Station Apartments, community facilities, and new and existing residential corridors.

Excellent Traffic & Accessibility

  • Captures commuter, regional, and local flows with high visibility from both northbound and southbound I-69.

Ideal for Signature / Future-Oriented Development

  • Perfect canvas for a commercial center, restaurant cluster, medical plaza, hotel, or hybrid mixed-use campus.

Listing Contacts

JS
RB20002065
Midland Realty Group Inc
Listed by Midland Realty Group Inc

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