Key facts
- Living area
- 5,160 sqft
- Lot
- 8.81 acres
- Year built
- 1981
- Type
- Commercial Sale · Industrial
- MLS #
- 22113420
- County
- Shelby
- Total building area
- 5,160 sqft
About this home
Versatile industrial property offering 5,160 square feet of high-bay space with soaring 30-foot ceilings, set on 8.81 combined acres across three parcels with a fully fenced lot. Officially a single-story building per tax records, the shop includes a built-in upper office area - providing office space, a kitchen, and a bathroom that keep administrative and break functions cleanly separated from the production floor below. Built for heavy, hands-on use, the property is served by robust 360-amp electrical service, city water, and city sewer, with new water lines recently run to the building. The scale, ceiling height, and power capacity make this an ideal fit for manufacturing, metal or wood fabrication, a full-service wood shop, assembly, or warehousing and distribution. The clear footprint accommodates large equipment, material handling, and staging with room to spare. At 8.81 acres, the site offers substantial room to expand, add outbuildings, or stage materials and equipment outdoors. A portion of the acreage is wooded and rich with mature black walnut trees, with a creek running through it - a rare natural amenity that adds long-term value, privacy, and character. For a wood shop or fabricator, the standing walnut is a notable bonus. Whether you're relocating an established operation or launching a new venture, 316 Wood Street delivers the space, infrastructure, and acreage to build on.
Description provided by the listing brokerage.
Exterior
- Roof
- Parking and garage
- Fencing
Systems
- Utilities
Lot and HOA
- Zoning
- Light Industrial
Schools
- High school
- Morristown Jr-Sr High School
- School district
- Shelby Eastern Schools
Taxes
- Estimated annual tax
- $1,646 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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