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    23239 Dunbar Rd Sheridan, IN 46069

    Source: https://svn.com
    For Sale
    Contact for pricing

    285.35 acres at SWC of US-31 & 236th Street

    Property size:
    12,400,000 SF

    Description

    Added:
    May 15, 2025
    Days on Market:
    213
    SVN Northern Commercial is pleased to present this incredibly rare development opportunity located at the southwest corner of US Highway 31 and 236th Street in Sheridan, Indiana. This listing offers approximately 285 acres of contiguous land for development, along with 3,740 feet of frontage on US Highway 31.

    This property is located at the recently completed full-access interchange at 236th Street and US Highway 31 (which is one of only three full-access interchanges on US Highway 31 between SR 38 and the Hamilton County line at 296th Street) with direct access to 236th Street via permanent easement or future connectivity to the recently installed Rhodes Road.

    The property is situated in a high-growth area of Hamilton County, at the northern gateway to North Indy’s major suburban communities, including Sheridan, Cicero, Westfield, Carmel, and Noblesville.

    Location Description
    The property is located at the southwest corner of the intersection of two primary corridors: US Highway 31 and 236th Street.

    Property Features for 23239 Dunbar Rd

    General Information

    Property type
    Commercial land
    Square Feet
    12,400,000 SF
    Elevators
    N/A
    Lot Size
    12,429,846 SF

    HighLights

    • 285.35 contiguous acres for development 3,738 feet of US 31 frontage/visibility Adjacent to a full‑access interchange at US Highway 31 and 236th Street Extensive frontage along Dunbar Road and 226th Street
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Auto Parts Store HVAC Service Storage Facility Furniture Store Pawn Shop Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    State
    Indiana
    Longitude
    -86.1746933
    Latitude
    40.3270127

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    FAQs

    What type of property is this?
    Commercial land - 285.35 acres at SWC of US-31 & 236th Street
    Where is this commercial land located?
    The property is located at 23239 Dunbar Rd Sheridan, IN.
    What are key features of this property?
    This property features: 285.35 contiguous acres for development 3,738 feet of US 31 frontage/visibility Adjacent to a full-access interchange at US Highway 31 and 236th Street Extensive frontage along Dunbar Road and 226th Street
    (317) 775-0007
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    23239 Dunbar Rd 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
    23239 Dunbar Rd Sheridan, IN 46069
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