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    1415 Michigan Rd Shelbyville, IN 46176

    For Sale
    $399,000

    Established Business, Ample Space, Great Location

    Property size:
    4,936 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional commercial property at 1415 E Michigan Road in Shelbyville, Indiana, presents a unique investment opportunity. Boasting 4,936 square feet on a 0.35-acre lot, this established business enjoys unparalleled visibility directly on St. Rd. 44. The Business Highway (BH) zoning allows for a wide range of potential uses, making it highly adaptable to various business ventures. The building itself is well-equipped and features multiple dining and meeting rooms, providing ample space for diverse operations. Four bathrooms, four fireplaces, and two fully equipped kitchens with cook lines, a flattop, fryers, grill, stove, ovens, multiple coolers, and a prep station ensure functionality and versatility. A walk-in cooler and a walk-in freezer are also included, along with a bar and ample seating provided by various tables, chairs, and booths. Two additional asphalt lots are available for purchase, offering the potential for expanded parking to accommodate increased business needs. This property's prime location, extensive interior features, and flexible zoning make it an ideal investment for entrepreneurs seeking a well-established and versatile commercial space. The asking price is $399,000.

    Property Features for 1415 Michigan Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,936 SF
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1969
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.75604
    Latitude
    39.51954

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    FAQs

    What type of property is this?
    Commercial real estate - Established Business, Ample Space, Great Location
    Where is this commercial real estate located?
    The property is located at 1415 Michigan Rd Shelbyville, IN.
    What is the asking price?
    The asking price for this property is $399,000.
    (317) 852-4091
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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
    1415 Michigan Rd Shelbyville, IN 46176
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