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    18 Public Sq Shelbyville, IN 46176

    For Lease
    $13 SF/Yr

    Retail - Shelbyville, IN

    Type:Retail
    Property size:
    35,310 SF
    Lot size:
    0.36 Acres
    Days on Market:
    269
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 18 Public Sq

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Neighborhood Commercial
    APN
    731105100266000002
    Size
    35,310 SF
    Lot size
    0.36 Acres

    Building Details

    Year built
    1869
    Architectural style
    Other

    Coldwell Banker Kaiser (317) 844-1131 [email protected]

    Listing agent Anthony Schneider (317) 843-8446 License #RB14027154

    Listing date Mar 21, 2025

    MLS# 22023899 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

    Shelbyville Restaurant Space For Rent

    This restaurant space is located on the Public Square in downtown Shelbyville, Indiana, within the historic J.G. DePrez building. The building also houses Blessing's Opera House, an event center, and The Alley Tap sports bar, which is scheduled to open soon. The 0.36-acre property benefits from the 2022 renovation of the Public Square, which introduced new streetscape, lighting, and public areas designed to enhance pedestrian access. The Public Square hosts various community events during warmer months, attracting residents and visitors. The property is zoned Neighborhood Commercial. The available space is 35310 square feet. Note that the lease rate, term and square footage are negotiable depending on tenant use. The lease will be a modified gross lease. FF&E is not included with the exception of the fire suppression hood in the kitchen.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pudder's Restaurant Blessings Opera House Wedding Venue

    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.

    Similar Places Nearby

    Queen's Catering

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.776094
    Latitude
    39.524723

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space in historic building on Shelbyville's Public Square.
    Where is this restaurant located?
    The property is located at 18 Public Sq Shelbyville, IN.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Prime restaurant space on Shelbyville's Public Square.; - Located in the historic J.G. DePrez building.; - Adjacent to Blessing's Opera House and the future The Alley Tap sports bar.
    (317) 843-8446
    Request Owner's contact information
    18 Public Sq Shelbyville, IN 46176
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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
    18 Public Sq Shelbyville, IN 46176
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