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    613 State Road 44 Shelbyville, IN 46176

    For Sale
    $500,000

    Prime Retail Building, 5000 sq ft, Seller Financing

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 5,000 square foot retail property is situated on a 1.43-acre lot in Shelbyville, Indiana, on the city's rapidly developing east side. The building presents a multitude of potential uses, offering significant flexibility for a wide range of businesses. Its spacious layout allows for the possibility of dividing the space to accommodate multiple tenants or expanding existing operations. The current asking price is $500,000, representing a compelling investment opportunity in a thriving market. The property's substantial size, coupled with the availability of an additional two acres for potential expansion, provides significant room for growth and future development. This presents a unique chance to establish a strong presence in a dynamic commercial area. Furthermore, the property offers attractive lease terms, with the entire building available for $2,950 per month. To facilitate a smooth transaction, seller financing is available, making this an even more accessible opportunity for prospective buyers. This property is ideally suited for businesses seeking a prominent location with ample space and growth potential in a vibrant and expanding community. Don't miss this chance to secure a prime retail space in Shelbyville's burgeoning east side.

    Property Features for 613 State Road 44

    General Information

    Property type
    Retail properties
    Lot Size
    62,291 SF
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.76537
    Latitude
    39.52187

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Building, 5000 sq ft, Seller Financing
    Where is this retail property located?
    The property is located at 613 State Road 44 Shelbyville, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    (765) 932-2919
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    613 State Road 44 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
    613 State Road 44 Shelbyville, IN 46176
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