Skip to content

3893 W State Road 47

Sheridan, IN 46069

PendingListed May 11, 2026 · 164 days on market

Key facts

Living area
12,695 sqft
Lot
1.38 acres
Year built
2005
Type
Commercial Sale · Retail
MLS #
22099228
County
Hamilton
Total building area
12,695 sqft

About this home

This versatile industrial and flex property offers a premier opportunity for an owner-occupant or investor seeking a turnkey facility in the high-growth Hamilton County corridor. Comprising a total of 12,695 square feet, the building masterfully balances high-end office finishes with robust industrial capabilities. Originally constructed in 2005, the facility underwent an extensive addition and a complete remodel in 2021, ensuring that all systems and aesthetics meet modern professional standards. The property is exceptionally clean and well-maintained, presenting an immediate professional image for a new business operation. The interior layout is thoughtfully divided to maximize utility, featuring 8,000 square feet of fully conditioned space. This includes approximately 2,000 square feet of dedicated office area, providing a comfortable environment for administrative and management staff. Complementing the conditioned space is a 4,000-square-foot warehouse characterized by 17-foot ceiling heights and three drive-in doors. This configuration is ideal for light manufacturing, specialized storage, or distribution, offering the vertical clearance and access necessary for a wide range of industrial applications. Strategically located directly on State Road 47, the property provides high visibility and seamless logistics. Its proximity to both Interstate 65 and US Highway 31 allows for rapid regional connectivity, making it an efficient hub for reaching the Indianapolis metropolitan area and beyond. The site is engineered for heavy vehicle movement, featuring dedicated truck access and a fully fenced perimeter. Security and ease of entry are further enhanced by a specialized automated gate system, providing peace of mind and controlled access for high-value inventory or equipment. Ultimately, 3893 W State Rd 47 represents a rare combination of modern infrastructure and strategic positioning. The property will be delivered vacant.

Description provided by the listing brokerage.

Exterior

Fencing
Fence CompleteGate

Systems

Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Light Industrial

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
$15,032 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$13,085per month, estimated
Principal and interest $11,064Property tax $1,253Insurance $768
20% · $439,000
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$2,195,000
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.