8934 W 650 S, Pendleton, IN 46064

$2,200,000

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List Price
$2,200,000
MLS#
22110350
Property Type
Land
Days on Market
32
Status
ACTIVE

Property Description

40+/- ACRES | HIGHWAY 13 CORRIDOR | MADISON COUNTY, INDIANA Highway 13, W 650 S & W 875 W | Ingalls/Pendleton Area South Madison Community School Corporation | 1 Mile to I-69 Interchange PROPERTY OVERVIEW 40+/- total acres of productive tillable farm ground Triple road frontage - 1,300+ feet on Highway 13, W 650 S, and W 875 W 3,900+ total linear feet of road frontage across 3 public roads 1 mile to I-69 on/off ramp (Pendleton/Ingalls interchange) Currently income-producing - farm lease in place AG zoned with transition potential to industrial, commercial, or residential Level topography - ideal for site development South Madison Community School Corporation Home: 1400+ square feet/ 2 Bed 1 Bathroom 3 Car Garage 24 x 40 Barn PROPERTY DESCRIPTION An opportunity to acquire a highly visible, triple-road-frontage farm in the direct path of industrial, commercial, and residential growth along the Highway 13 / I-69 corridor in Madison County. Currently in active agricultural production with a lease in place, this 40+/- acre tract sits at the intersection of three public roads - offering over 1,300 feet of frontage on each of Highway 13, W 650 S, and W 875 W - totaling more than 3,900 linear feet of combined exposure. Located just 1 mile from the I-69 interchange at Pendleton/Ingalls, the property sits squarely in the growth path radiating outward from one of Central Indiana's most active development corridors. Industrial users, logistics operators, commercial developers, and residential builders have all been active in this market, and recent comparable sales confirm strong buyer demand well above pure agricultural value. The farm is currently being farmed- a benefit for investors who want to hold the ground while pursuing entitlements, re-zoning, or a future development timeline. LOCATION HIGHLIGHTS Highway 13 frontage - major north/south arterial with high visibility W 650 S frontage - additional public road access on the north sid

Additional Information

Present Zoning
Agricultur
Number of Lots
6
Land Characteristics
Corner, Other
Topography
Level
Soil Type
Not Applic
Development Status
NoStatus
Facilities on Site
Electric
Facilities near Site
Electric, Sewer, Water
Water
Municipal Water Near By, Well on Site
Sewer
Public Sewer, Septic Tank
Road Access
County Rd, See Remarks
Road Frontage
County Road, Highway
Road Surface
Asphalt
Acres
40
Water
Municipal Water Near By, Well on Site
Region
Green

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Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Mossy Oak Properties.

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