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    3934 State Road 47 Sheridan, IN 46069

    For Sale
    $295,000

    Prime Office Space, High Visibility, Ample Parking

    Property size:
    3,680 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 3,680 square foot commercial building presents a unique investment opportunity in Sheridan, Indiana. Situated on a 0.84-acre lot with convenient access from State Road 47, the property boasts ample parking accommodating over 20 vehicles. Its C1 zoning allows for diverse uses, including office space, medical facilities, daycare centers, fitness centers, retail establishments, or professional service firms. The building features two attached overhead doors, providing excellent access for various business needs. Beyond the main building, the property includes expansive additional workspace and versatile cement pads in the backyard, offering significant potential for expansion or outdoor activities. Recent interior renovations have created a well-defined reception area with a dedicated front desk and waiting space, complemented by individual offices and a meeting room, enhancing functionality and professionalism. The property is ready for immediate occupancy, with the option to complete door and window trim to further customize the space. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a high-traffic location. The combination of size, location, and zoning makes this an ideal investment for a variety of businesses seeking a prominent presence in Sheridan.

    Property Features for 3934 State Road 47

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,680 SF
    Lot Size
    36,590 SF

    Building Details

    Year Built
    1996
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.23067
    Latitude
    40.13008

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, High Visibility, Ample Parking
    Where is this office property / space located?
    The property is located at 3934 State Road 47 Sheridan, IN.
    What is the asking price?
    The asking price for this property is $295,000.
    (317) 846-7751
    Request Owner's contact information
    3934 State Road 47 Sheridan, IN 46069
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    Sheridan, IN 46069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3934 State Road 47 Sheridan, IN 46069
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