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2710 W State Road 38

Sheridan, IN 46069

ActiveListed Jul 30, 2026 · 2 days on market

Key facts

Beds
2
Baths
1 full
Living area
720 sqft
Lot
0.27 acres
Year built
1948
Type
Residential · Single Family Residence
Stories
One
MLS #
22098277
County
Hamilton
Subdivision
Hoffman

About this home

Exciting Chance to Own and Develop a Commercial Building near the bustling 38 in Northern Hamilton County. With the new 100 Million dollar Sky Lake attraction in the same town, and just a few minutes down the road. This rare opportunity awaits in Sheridan with high traffic and immense potential. The property, which would ideally be used for commercial purposes, requires a significant remodel/repairs if the home is not torn down. The pricing accounts for the prime location and traffic for a commercial project. Rezoning would be necessary for the property, with neighboring lots zoned C-2. Details on the rezoning process and C-2 zoning are in attached docs. The buyer will be responsible for the property's rezoning and conducting all necessary assessments on the home/lot.

Description provided by the listing brokerage.

Interior

Windows
Wood Frames
Rooms
1
Main-level bedrooms
2
Condition
Fixer

Exterior

Construction
Aluminum SidingWood Siding
Foundation
See Remarks
Style
Traditional
Parking and garage
Gravel

Systems

Cooling
Window Unit(s)
Water
Private

Schools

School district
Sheridan Community Schools

Taxes

Estimated annual tax
$724 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,004per month, estimated
Principal and interest $882Property tax $60Insurance $61
20% · $35,000
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.

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Listed at$175,000
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