Shelbyville, IN Commercial Real Estate for Sale

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Updated: Apr 24

Business Highway Commercial Land

1007 N Riley Highway, Shelbyville, IN 46176

$696,900

1.00 AC lot

1‑acre level commercial land parcel
BH Business Highway zoning
Reported traffic count of 16,678
Recorded staked survey on file
Public utilities nearby with public sewer access

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Updated: Nov 19, 2025

Mixed-Use Property with Storefronts

12 S Harrison Street, Shelbyville, IN 46176

$499,900

0.06 AC lot

Two parcels with three fully leased storefronts
4,000+ sq ft of partially finished residential space on the second floor
BG - Business General zoning
2024 INDOT traffic count: 25,000
1900 construction with membrane and rubber roof

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Flex Space with Attached Garage

149 W Boggstown Road, Shelbyville, IN 46176

$119,900

0.64 AC lot

C-1 commercial property with office, showroom, storage, and riverfront site characteristics.

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Office Building

23 Public Sq, Shelbyville, IN 46176

$825,000

25,000 sqft 1.00 AC lot

Downtown office property with a substantial building footprint and dedicated site area.

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Level Commercial Land

65 E Rampart Street, Shelbyville, IN 46176

$475,000

0.97 AC lot

Level commercial parcel with public utilities nearby and access to I-74 and State Road 9.

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Restaurant With Commercial Kitchens

1415 E Michigan Road, Shelbyville, IN 46176

$279,000

0.35 AC lot

Business Highway zoning accompanies multiple dining rooms, meeting areas, and two kitchens with established food-service equipment.

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Medical Office Building

29 Public Square, Shelbyville, IN 46176

$2,800,000

41,000 sqft

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

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Updated Flex Space

925 Virginia St, Shelbyville, IN 46176

$499,900

4,500 sqft

Commercial building with renovated finishes, internal vehicle parking, office space, and a half bathroom.

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Buildable Commercial Land

1600 E State Road 44, Shelbyville, IN 46176

$795,000

65,340 sqft

BH-zoned land near State Road 44 with Interstate 74 access nearby and completed preliminary site documentation.

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Flexible Office and Retail Building

535 East Hendricks Street, Shelbyville, IN 46176

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1,008 sqft

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

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Prime Location Land For Sale

1007 N Riley Highway, Shelbyville, IN 46176

$696,900

1.00 AC lot

One acre of land in a high-traffic location.

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Retail Investment Opportunity in Shelbyville

570 Saraina Rd, Shelbyville, IN 46176

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12,375 sqft

Prime retail investment opportunity in Shelbyville, Indiana.

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Office Building

49 Public Sq, Shelbyville, IN 46176

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22,000 sqft 0.16 AC lot

Office building occupying a compact commercial parcel.

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Warehouse with Fenced Storage Yard

510 East Jackson Street, Shelbyville, IN 46176

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3,812 sqft 0.55 AC lot

The property combines enclosed shop space, office area, and a secured outdoor yard.

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Brick Mixed-Use Office Building

10 E Taylor Street, Shelbyville, IN 46176

$319,000

Brick office property with two rental units, including one vacant unit and one currently leased.

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Flex Warehouse with Office Suites

318 E Broadway St, Shelbyville, IN 46176

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10,000 sqft

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

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Commercial Land with State Road Frontage

1202 E State Road 44, Shelbyville, IN 46176

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23.50 AC lot

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

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Office Building with Vacant Space

123 East Washington St, Shelbyville, IN 46176

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15,500 sqft

BC-zoned office property with space available for business occupancy.

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Shelbyville Mixed-Use Redevelopment Opportunity

134 E Jackson St, Shelbyville, IN 46176

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61,479 sqft

Redevelop entire block in Shelbyville's Central Business District.

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Two-Building Standalone Office Property

2535 & 2565 Parkway Drive, Shelbyville, IN 46176

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Two freestanding office buildings provide independent business space with multiple access points and on-site parking.

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Land on State Road 44

E State Rd 44, Shelbyville, IN

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0.31 AC lot

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

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Shelbyville Development Land Available

565 Saraina Rd, Shelbyville, IN

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4.00 AC lot

Four acres of prime development ground in Shelbyville, Indiana.

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Shelbyville Restaurant with Highway Visibility

1415 E Michigan Rd, Shelbyville, IN 46176

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4,936 sqft

Long-standing Shelbyville restaurant with high visibility on State Road 44.

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Industrial Land Near I-74

W 300 N, Shelbyville, IN 46176

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62.00 AC lot

62 acres of industrial development land with utilities in place.

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Shelbyville, IN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Shelbyville, IN, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 266,950 square feet of properties for sale, with an estimated market value of $8,006,500.

Sale prices for business properties in Shelbyville, IN start at $119,900, averaging $727,863, 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	$776.3K

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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