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2710 W State Road 38, Sheridan, IN, 46069

2beds
1baths
720sqft
$175,000
$243price/sqft
$1,258/moest. monthly cost
$50,320/yrincome needed

About This Home

Exciting Chance to Own and Develop a Commercial Building near the bustling 38 in Northern Hamilton County. A rare opportunity awaits in Sheridan with high traffic and immense potential. The property, which would ideally be used for commercial purposes, requires repairs if the home is not torn down. The pricing accounts for the prime location and traffic for a commercial project. Rezoning would be necessary for the property, with neighboring lots zoned C-2. Details on the rezoning process and C-2 zoning are in attached docs. The buyer will be responsible for the property's rezoning and conducting all necessary assessments on the home/lot.

Getting Around

41
WalkingCar-Dependent
0
TransitVery Limited Transit
54
BikeBikeable

Schools

6/10
8/10
Sheridan Middle SchoolGrades 6-81.1 mi
8/10
Sheridan High SchoolGrades 9-120.8 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1948

Materials

  • Foundation: See Remarks
  • Construction materials: Aluminum Siding,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: None

Bedroom2

  • Features: Other
  • Level: Main
  • Dimensions: See agent remarks

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Features: Other
  • Level: Main
  • Dimensions: See agent remarks

Heating & Cooling

  • Heating features: Other
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 720
  • Total interior livable area: 720 sqft

Kitchen

  • Features: Other
  • Level: Main
  • Dimensions: See agent remarks

Laundry

  • Features: Other
  • Level: Main
  • Dimensions: See agent remarks

Living Room

  • Level: Main
  • Dimensions: See agent remarks

Master Bedroom

  • Features: Other
  • Level: Main
  • Dimensions: See agent remarks

Property

Details

  • Parcel number: 290505201033000002
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.27 Acres

Parking

  • Parking features: Gravel

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Inland Flooding
Winter Weather
Drought
Hail
Heat Wave
Lightning
Strong Wind

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $884$10,608
Home Insurance *$92$1,104
Property Taxes $98$1,176
Electricity $184$2,212
Total$1,258$15,096
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$43,131/yr
40% on housing$37,740/yr
45% on housing$33,546/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$243This listing

vs Other Active Listings

Avg $/sqft

ZIP 46069$253
Hamilton County$203

vs Homes Sold Last Month

Median $/sqft

ZIP 46069$176
Hamilton County$171

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-06-03Listed for sale$175,000
2025-06-01Listing removed$175,000
2024-10-05Price change$175,000
2024-07-15Listed for sale$190,000
2024-07-08Listing removed--
2024-05-23Listed for sale$190,000

For Sale by Agent

AgentIsabella Clark
BrokerageWeichert Realtors EPG

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