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    3453 Smithland Freedom St Shelbyville, IN 46176

    For Sale
    $324,900

    Spacious Workshop, Office & Storage

    Property size:
    5,552 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional mixed-use property, located just outside Shelbyville, Indiana, at 3453 W Smithland Freedom Street, presents a rare opportunity for small business owners. Boasting over 5,552 square feet of insulated workspace, this building sits on a half-acre lot, offering both ample space and a tranquil setting with scenic views. Completely renovated in 2017, the property is in excellent condition and ready for immediate occupancy. The versatile layout includes multiple work areas, perfectly suited for a variety of businesses. A dedicated spray booth room caters to specific needs, while a convenient office and half-bath provide essential amenities. Extensive storage space is also available, addressing the storage requirements of many businesses. The property's location offers the peace and quiet of a rural setting while remaining conveniently accessible to Shelbyville. This is an ideal space for a business seeking a combination of functionality, space, and a serene environment. The asking price is $324,900. Don't miss this chance to acquire a well-maintained, ready-to-use commercial property. Schedule your showing today.

    Property Features for 3453 Smithland Freedom St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,552 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1957
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.84351
    Latitude
    39.46099

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious Workshop, Office & Storage
    Where is this mixed-use property located?
    The property is located at 3453 Smithland Freedom St Shelbyville, IN.
    What is the asking price?
    The asking price for this property is $324,900.
    (317) 512-3767
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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
    3453 Smithland Freedom St Shelbyville, IN 46176
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