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    18 Public Square Shelbyville, IN 46176 Shelbyville, IN 46176

    For Lease
    $12 SF/Yr ($6,036 /Mo)

    Historic Shelbyville restaurant space

    Lot size:
    5,795 SF

    Description

    Added:
    Jan 30, 2025
    Days on Market:
    312
    This exceptional 5,795-square-foot restaurant space is situated in the heart of Shelbyville, Indiana's historic DePrez Building on the revitalized Public Square. Located in the Riverfront District, this prime location benefits from the recent streetscape improvements, enhancing walkability and pedestrian traffic. The space is complemented by neighboring businesses including Blessing's Opera House and the soon-to-open Alley Tap Bar, creating a vibrant and attractive atmosphere. Shelbyville's ongoing "Next Door. Next Level." initiative promises continued growth and development, attracting new businesses and visitors. Ample parking is available in a nearby lot and on the street. The annual lease rate is $12.50 per square foot. Note: Existing fixtures, furniture, and equipment (FF&E), excluding the fire suppression hood, are available for separate purchase. A detailed inventory is available upon request. This is a unique opportunity to establish a thriving restaurant in a charming and rapidly developing small town, just a short drive from Indianapolis.

    Property Features for 18 Public Square Shelbyville, IN 46176

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,795 SF
    Elevators
    N/A
    Total Rate
    6036.46

    Building Details

    Year Built
    1869

    HighLights

    • 5,795 sq ft restaurant space in historic DePrez Building on Shelbyville's renovated Public Square.
    • Excellent location near Blessing's Opera House and the future Alley Tap Bar.
    • Benefits from Shelbyville's "Next Door. Next Level." revitalization initiative attracting new businesses.
    Property Profile 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.

    Location Insight

    City
    Shelbyville
    State
    Indiana

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    FAQs

    What type of property is this?
    Restaurant - Historic Shelbyville restaurant space
    Where is this restaurant located?
    The property is located at 18 Public Square Shelbyville, IN 46176 Shelbyville, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 5,795 sq ft restaurant space in historic DePrez Building on Shelbyville's renovated Public Square.; Excellent location near Blessing's Opera House and the future Alley Tap Bar.; Benefits from Shelbyville's "Next Door. Next Level." revitalization initiative attracting new businesses.
    (317) 843-8448
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    18 Public Square Shelbyville, IN 46176 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

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    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 Square Shelbyville, IN 46176 Shelbyville, IN 46176
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