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    12 S Harrison St Shelbyville, IN 46176

    For Sale
    $574,900

    Business - Shelbyville, IN

    Type:Business
    Property size:
    6,960 SF
    Lot size:
    0.06 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 12 S Harrison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    BG - Business General
    APN
    731105100282000002
    Parking features
    On Street
    Size
    6,960 SF
    Lot size
    0.06 Acres

    Building Details

    Year built
    1900
    Roof type
    Membrane, Rubber
    Architectural style
    Other

    Mackenzie Allen, Polston & Associates (317) 364-1106 [email protected]

    Listing agent Justin Polston (317) 372-9784 License #RB14043542

    Listing date Nov 21, 2025

    MLS# 22074405 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Shelbyville Investment Opportunity

    Located in downtown Shelbyville, this investment opportunity includes two parcels with three fully leased storefronts. The property generates over $50,000 in annual income. The property also features over 4,000 sq ft of partially finished residential space on the second floor, offering potential for lofts, short-term rentals, or office/studio conversions. The property benefits from high visibility and strong foot traffic. The location has high downtown event visibility, with active events at its doorstep, including Taste of Shelby County, Mistletoe Market, Music in the Park, Holiday/Christmas Parade & Downtown Festivities, Snowman Contest & Winter Activities, Movies in the Park/Downtown Movie Nights, Shelby County Farmers Market, First Friday or Special Downtown Shopping Events, Fall & Harvest-Themed Events, Downtown Trick-or-Treating/Halloween Activities, Small Business Saturday Events, and Fourth of July & Summer Festival Activities. The property is zoned BG - Business General. Traffic count is 25,000 per 2024 INDOT. The property size is 6,960 square feet, situated on a lot of 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boba Cafe Bubble Tea Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.776776075363
    Latitude
    39.523949913537

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    FAQs

    What type of property is this?
    Storefront property - Three fully leased storefronts with value-add residential space.
    Where is this storefront property located?
    The property is located at 12 S Harrison St Shelbyville, IN.
    What is the asking price?
    The asking price for this property is $574,900.
    What are key features of this property?
    This property features: - 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.
    (317) 372-9784
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 S Harrison St Shelbyville, IN 46176
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