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Listed by Justin Polston • Mackenzie Allen, Polston & Ass
$ 499,900
Est. payment | /mo
6,960 SqFt
$ 499,900
Est. payment | /mo
6,960 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 6,960 sqft
Price per Sqft $71
MLS Listing ID 22074405
Year Built 1900
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Business
Property Description
Prime investment opportunity in the heart of Downtown Shelbyville! Be a part of Shelbyville's Next Door Next Level post revitalization downtown. This offering includes two parcels with three fully leased storefronts along the revitalized brick streetscape, generating over $50,000 in annual income. The property also features 4,000+ sq ft of partially finished residential space on the second floor, offering outstanding value-add potential for lofts, short-term rentals, or office/studio conversions. High visibility, strong foot traffic, stable tenants, and flexible downtown commercial zoning make not only an easy decision to pull the trigger on if you're itching for a deal, but also a fairly rare opportunity for investors seeking income today with great and substantial upside tomorrow. ------Traffic count 25,000 per 2024 INDOT. High downtown event visibility for active and eventful downtown. Active events at this property's doorstep: Taste of Shelby County, Mistletoe Market (Holiday vendor market), Music in the Park (seasonal live music), Holiday / Christmas Parade & Downtown Festivities ,Snowman Contest & Winter Activities, Movies in the Park / Downtown Movie Nights, Shelby County Farmers Market (near downtown corridor), First Friday or Special Downtown Shopping Events (Mainstreet Shelbyville promotions), Fall & Harvest-Themed Events, Downtown Trick-or-Treating / Halloween Activities, Small Business Saturday Events, Fourth of July & Summer Festival Activities (downtown-adjacent)
Location
State IN
County Shelby
Zoning BG - Business General
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N true
View City, Downtown
Roof Type Membrane,Rubber
Building
Story 3
New Construction false
Schools
School District Shelbyville Central Schools
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