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    Shelbyville, IN Commercial Real Estate for Sale

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    26 properties
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    Medical Office Space with Basement
    Updated: Oct 27
    Medical Office Space with Basement

    611 S Harrison Street, Shelbyville, IN 46176

    $329,200
    0.19 AC lot
    11 rooms, a full kitchen, and a kitchenette
    Full basement
    Three full bathrooms and one half bathroom
    Two parcels totaling 0.19 acres
    Commercial zoning
    View details
    Three-Building Mixed-Use Portfolio
    Updated: Jun 4
    Three-Building Mixed-Use Portfolio

    29 Public Square, Shelbyville, IN 46176

    $2,800,000
    0.06 AC lot
    Three mixed‑use commercial buildings in downtown Shelbyville
    Includes apartment, office, and retail space
    Substantial construction and lease‑up work remains
    Commercial zoning
    On‑street parking
    View details
    Business Highway Commercial Land
    Business Highway Commercial Land

    1007 N Riley Highway, Shelbyville, IN 46176

    $696,900
    1.00 AC lot

    Level development parcel with BH zoning and public utilities nearby, suited to a range of commercial uses.

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    Office Building
    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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    Flex Building with Gated Yard
    Flex Building with Gated Yard

    533-535 E Hendricks, Shelbyville, IN 46176

    $450,000
    0.98 AC lot

    A commercial structure on a nearly one-acre parcel includes a gated perimeter and cable availability.

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    Mixed-Use Property with Storefronts
    Mixed-Use Property with Storefronts

    12 S Harrison Street, Shelbyville, IN 46176

    $499,900
    0.06 AC lot

    Three leased storefronts occupy a downtown brick streetscape under BG - Business General zoning.

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    Level Commercial Land
    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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    Medical Office Building
    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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    Farm with Finished-Basement Home
    Farm with Finished-Basement Home

    7554 E State Road 44, Shelbyville, IN 46176

    $549,500
    5,730 sqft

    The residence combines a main-level primary suite, finished lower level, attached garage, and handcrafted interior woodwork.

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    Updated Flex Space
    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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    Prime Location Land For Sale
    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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    Office Building
    Office Building

    49 Public Sq, Shelbyville, IN 46176

    Contact for pricing
    22,000 sqft 0.16 AC lot

    Office building occupying a compact commercial parcel.

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    Three-Story Interior-Corridor Hotel
    Three-Story Interior-Corridor Hotel

    59 E Rampart St, Shelbyville, IN 46176

    $6,050,000

    The property includes 57 guest rooms, a fitness center, a pool, and meeting and event space.

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    Brick Mixed-Use Office Building
    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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    Commercial Land with On-Site Utilities
    Commercial Land with On-Site Utilities

    2560 Parkway Drive, Shelbyville, IN 46176

    $110,000

    Business General zoning and utility service support commercial development plans.

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    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.

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    Agricultural Land
    Agricultural Land

    00 S Marietta Rd, Shelbyville, IN 46176

    $179,900

    Farm ground carries an agricultural zoning designation, with some utilities located along the street.

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    Mixed-Use Property with Storefronts
    Mixed-Use Property with Storefronts

    12 S Harrison Street #12-16, 18, Shelbyville, IN 46176

    $499,900
    6,960 sqft

    Three leased retail spaces are complemented by partially finished upper-floor space and BG - Business General zoning.

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    Two-Building Standalone Office Property
    Two-Building Standalone Office Property

    2535 & 2565 Parkway Drive, Shelbyville, IN 46176

    Contact for pricing

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

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    Build-Ready Restaurant Development Land
    Build-Ready Restaurant Development Land

    1792 N Riley Hwy, Shelbyville, IN 46176

    Contact for pricing
    0.77 AC lot

    Build-ready parcel with direct access near an I-74 exit and frequent nearby interstate traffic.

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    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.

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    Shelbyville Development Land Available
    Shelbyville Development Land Available

    565 Saraina Rd, Shelbyville, IN

    Contact for pricing
    4.00 AC lot

    Four acres of prime development ground in Shelbyville, Indiana.

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    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.

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    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.

    View details
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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 26 active listings on our real estate platform. These investment opportunities span a total of 105,190 square feet of properties for sale, with an estimated market value of $17,781,100.

    Sale prices for business properties in Shelbyville, IN start at $110,000, averaging $1,111,318, and reaching up to $6,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    Shelbyville, IN CRE market trends — vacancy, lease rates and price per SF, updated monthly
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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 $1.7M

    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.

    How Realmo verifies these figures

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    Featured Shelbyville Real Estate Agencies

    Realmo connects you with licensed Shelbyville CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Mackenzie Allen, Polston & Associates
    126 E. Washington St. Shelbyville, IN 46176
    Phone: (317) 364-1106
    www.mackenzieallenrealestate.com
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