Skip to content

1141 S Malott Street

Sheridan, IN 46069

ActiveListed Dec 22, 2025 · 282 days on market

Key facts

Lot
7.46 acres
Type
Land · Residential Lots
MLS #
22077552
County
Hamilton
Subdivision
Sheridan Glass

About this home

Don't miss out on this hidden gem. This is a 7 plus acre parcel located in the fast-developing community of Sheridan IN. With access from 2 streets, this land is located at the end of Malott and Opal street. Surrounded by land owned by the Town of Sheridan to the East and Marathon Gas and Oil to the South. This is an R2 zoned parcel just waiting for an investor or developer to turn it into a high revenue income property. With all utilities at the adjoining streets, this is a perfect site to be developed. This amazing site is within 1000ft of the Monon Trail and could be closer if granted permission from the town to cross their parcel as well as the community park and ball fields directly across the Monon Trail. It has easy access to SR47, SR32, and SR31 for a smooth commute to and from work. The new water park is to open this upcoming year less than 10 minutes away, and Grand Park is less than 15 minutes. Currently the site is partially wooded with daily activity of wildlife from deer, rabbits, birds, etc.

Description provided by the listing brokerage.

Exterior

Other structures
No Building

Systems

Sewer
Public Sewer

Lot and HOA

Lot features
Not In SubdivisionWooded
Zoning
Residential

Schools

Elementary school
Sheridan Elementary School
Middle school
Sheridan Middle School
High school
Sheridan High School
School district
Sheridan Community Schools

Taxes

Estimated annual tax
$3,414 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$12,414per month, estimated
Principal and interest $11,342Property tax $285Insurance $788
20% · $450,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$2,250,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.