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Shelbyville, IN

Shelbyville, IN Commercial Real Estate for Sale

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Fairland, IN Fountaintown, IN Morristown, IN Franklin, IN Arlington, IN New Palestine, IN Indianapolis, IN Whiteland, IN

23 properties

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Flex Office and Storage Building

Updated: Jun 26

Flex Office and Storage Building

149 W Boggstown Road, Shelbyville, IN 46176

$140,000

0.64 AC lot

3,184 sq. ft. commercial building on 0.64 acres with a flexible layout for office, showroom, service, or storage use
Multiple office/showroom areas plus large storage spaces, kitchenette area, full bath, and an additional restroom area
Attached 2‑car garage and expansive open rooms suitable for office use, inventory, equipment storage, or future reconfiguration
Backs up to the Big Blue River with mature trees along the property line
Zoned C‑1; multiple commercial uses possible subject to local zoning approval (buyer to verify permitted uses)

Mixed-Use Retail and Residential Building

Updated: Nov 19, 2025

Mixed-Use Retail and Residential Building

12 S Harrison Street, Shelbyville, IN 46176

$574,900

0.06 AC lot

High annual income of over $50,000 from three fully leased storefronts.
Significant value‑add potential with 4,000+ sq ft of partially finished residential space for lofts, short‑term rentals, or office/studio conversions.
Prime location in the heart of Downtown Shelbyville's revitalized brick streetscape.
High visibility and strong foot traffic.
Stable tenants and flexible downtown commercial zoning.

Business Highway Zoning Land Parcel

Business Highway Zoning Land Parcel

1007 N Riley Highway, Shelbyville, IN 46176

$696,900

1.00 AC lot

Level 1-acre parcel zoned BH with a recorded staked survey and utilities nearby, positioned for business highway development.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Retail Investment Opportunity in Shelbyville

Retail Investment Opportunity in Shelbyville

570 Saraina Rd, Shelbyville, IN 46176

Contact for pricing

12,375 sqft

Prime retail investment opportunity in Shelbyville, Indiana.

Business Highway Development Land

Business Highway Development Land

65 E Rampart Street, Shelbyville, IN 46176

$475,000

0.97 AC lot

Level 0.97-acre lot near I-74 and State Road 9, with utilities nearby and Business Highway zoning for a range of uses.

Restaurant Building with Multiple Rooms

Restaurant Building with Multiple Rooms

1415 E Michigan Road, Shelbyville, IN 46176

$279,000

0.35 AC lot

Restaurant building with two kitchens, walk-in cooler and freezer, and multiple dining and meeting rooms.

General Industrial Truck Parking Land

General Industrial Truck Parking Land

1325 Enterprise Drive, Shelbyville, IN 46176

$550,000

3.00 AC lot

General industrial zoned land in Shelbyville is currently used for truck parking, with utilities available nearby.

Commercial Development Land

Commercial Development Land

13 W Rampart Road, Shelbyville, IN 46176

$900,000

3,600 sqft

Residential-zoned parcel with northbound frontage on State Road 9 near a redeveloping city gateway entrance.

Flexible Office and Retail Building

Flexible Office and Retail Building

535 East Hendricks Street, Shelbyville, IN 46176

Contact for pricing

1,008 sqft

Street-front commercial building with dedicated parking and a flexible interior layout for office, retail, or service use.

Standalone Office Building

Standalone Office Building

2535 Parkway Dr, Shelbyville, IN 46176

Contact for pricing

5,616 sqft

Standalone office building with a spacious layout, contemporary amenities, and multiple ingress/egress points.

Flex Warehouse with Office Suites

Flex Warehouse with Office Suites

318 E Broadway St, Shelbyville, IN 46176

Contact for pricing

10,000 sqft

Flex warehouse building with overhead doors, office space, central air, and gas heat, plus multiple parking areas.

Medical Office Building

Medical Office Building

29 Public Square, Shelbyville, IN 46176

$2,800,000

For sale medical office building at 29 Public Square with GPS-friendly directions.

Commercial Land with State Road Frontage

Commercial Land with State Road Frontage

1202 E State Road 44, Shelbyville, IN 46176

Contact for pricing

23.50 AC lot

Commercial land along State Road 44 with direct access and reported traffic exceeding 20,000 vehicles per day.

Shelbyville Mixed-Use Redevelopment Opportunity

Shelbyville Mixed-Use Redevelopment Opportunity

134 E Jackson St, Shelbyville, IN 46176

Contact for pricing

61,479 sqft

Redevelop entire block in Shelbyville's Central Business District.

Fresenius Dialysis Center Investment Opportunity

Fresenius Dialysis Center Investment Opportunity

2500 Parkway Dr, Shelbyville, IN 46176

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5,940 sqft

Fully-occupied medical office building leased to Fresenius Medical Care.

Land on State Road 44

Land on State Road 44

E State Rd 44, Shelbyville, IN

Contact for pricing

0.31 AC lot

Land with high visibility, near I-74, cross-access agreement.

Prime Location Land For Sale

Prime Location Land For Sale

1007 North Riley Highway, Shelbyville, IN 46176

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1.00 AC lot

One acre of land in a high-traffic location.

Prime Land with High Visibility

Prime Land with High Visibility

West 400 North, Shelbyville, IN

Contact for pricing

10.00 AC lot

10-acre commercial land parcel with C2 zoning in Shelbyville, IN.

Retail Pad Site in Grocery Lot

Retail Pad Site in Grocery Lot

1601 E Michigan Rd, Shelbyville, IN 46176

Contact for pricing

Retail pad located within a Kroger parking lot; dimensions vary by tenant needs.

Industrial Land Near I-74

Industrial Land Near I-74

W 300 N, Shelbyville, IN 46176

Contact for pricing

62.00 AC lot

62 acres of industrial development land with utilities in place.

Shelbyville Land Near I-74

Shelbyville Land Near I-74

N west 350, Shelbyville, IN

Contact for pricing

94.00 AC lot

Level land site near I-74 and Highway 9.

Shelbyville Land Parcel For Sale

Shelbyville Land Parcel For Sale

Eastern Ave, Shelbyville, IN 46176

Contact for pricing

Two lots, previously parking, suitable for redevelopment.

Shelbyville Commercial Property For Sale

Shelbyville Commercial Property For Sale

E Michigan Rd., Shelbyville, IN 46176

Contact for pricing

Commercial property available for sale in Shelbyville, Indiana.

Based on your search, we've compiled Potential Opportunities for your consideration. Besides 23 Active Listings in Shelbyville, IN, we suggest to view alternatives - similar 49 Off-Market properties to explore as potential leads.

Off-Market Properties in Shelbyville, IN

Consider similar Off-Market properties in Shelbyville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

2518 Pkwy Dr

OFFICE (GENERAL)

2518 Pkwy Dr, Shelbyville, IN 46176-8677

Value Estimation by Request

1,428 sqft 0.46 AC lot

Shelbyville, IN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Shelbyville, IN, showcased through 23 active listings on our real estate platform. These investment opportunities span a total of 100,018 square feet of properties for sale, with an estimated market value of $6,415,800.

Sale prices for business properties in Shelbyville, IN start at $140,000, averaging $801,975, and reaching up to $2,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 29K

Population Growth (5Y) +3.5%

Median Household Income $66,045

College Educated 25.8%

High-Yield Neighborhoods for Investment

Identify Shelbyville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46176	$1.1M

Taxes & Financing

Tax Rate (average for all types) 2.29%

Property Tax per SF $38.44 per SF

Tax Rate vs County Average 0.06 pp above county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Shelbyville fall within the 10,000 to 25,000 square foot range.

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