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    400 Shelbyville, IN 46176

    For Sale
    $1,900,000

    High-visibility I-74 & Fairland Rd. location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 10-acre commercial parcel boasts an unparalleled location, offering high visibility from Interstate 74 and the heavily trafficked Fairland Road (400 N). Its strategic position provides easy access to Interstate 74 and the nearby Horseshoe Indianapolis Casino and Horse Track, ensuring significant exposure to a large and diverse customer base. Situated just 20 minutes from Indianapolis, this property benefits from its proximity to a major metropolitan area while retaining the advantages of a thriving, rapidly developing Shelbyville location. The C2 zoning allows for a wide range of commercial uses, including retail, office, service businesses, and restaurants. This presents a unique opportunity for entrepreneurs and investors to establish a presence in a high-growth area with substantial development potential. The expansive acreage provides ample space for large-scale projects or the development of multiple commercial units. This prime location, combined with its flexible zoning and convenient access to major transportation routes, makes this property an exceptional investment opportunity. The property's high visibility and strategic location make it ideal for businesses seeking maximum exposure and accessibility. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property Features for 400

    General Information

    Property type
    Other commercial real estate
    Lot Size
    435,600 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Recycled Designs LLC Second Hand Store American Finishing Resources Paint Stripping Service Capital Industries Manufacturer Pilot Gas Station McDonald's Fast Food Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.81015
    Latitude
    39.58399

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility I-74 & Fairland Rd. location.
    Where is this commercial real estate located?
    The property is located at 400 Shelbyville, IN.
    What is the asking price?
    The asking price for this property is $1,900,000.
    (812) 903-0340
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    400 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
    400 Shelbyville, IN 46176
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