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Property profile & analytics
OFF-MARKET
Land

4051 State Rte Sheridan, IN 46069

19 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 19-acre property in Sheridan, Indiana, presents a unique investment opportunity. Situated along the planned extension of the Monon Trail, just north of Sheridan's downtown area, this land offers unparalleled potential. The property includes a substantial barn, suitable for agricultural use or conversion into an event space or party barn, along with two additional outbuildings. A three-bedroom ranch-style home is also situated on the property. Its prime location offers easy access to the amenities of Sheridan while enjoying a tranquil setting. The proximity to the future Monon Trail extension promises significant future value appreciation, making this land ideal for redevelopment into custom homes or a thriving event center. The property's size and existing structures provide flexibility for a variety of development scenarios, catering to diverse investment strategies. The asking price is $1,350,000. The property is located at 4051 State Rte 38, Sheridan, IN 46069, in Hamilton County. The lot size is 19 acres. Co-op opportunities are available.

Property profile
Verified
Property type Land
Lot 19 ac (827,640 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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