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Retail Pad Site in Grocery Lot
For Sale
Contact for pricing
Pending

1601 E Michigan Rd, Shelbyville, IN 46176

Retail pad located within a Kroger parking lot; dimensions vary by tenant needs.

Property SizeContact for details
Days on Market117

Property Features for 1601 E Michigan Rd

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Southeastern Development Brokerage Consulting
Listed By: Tyler Martin, CCIM · License #GA 373607
Source: Crexi
Added: Apr 12 Changed: Jul 22 Last Checked: Aug 5 at 1:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southeastern Development Brokerage Consulting

Investment Insights

Based on property information with market context.

A retail pad site positioned within Kroger’s parking lot. The pad was developed jointly by Southeastern and Kroger, and the available size will vary based on a tenant’s needs.

The property is located at 1601 E Michigan Rd in Shelbyville, Indiana. For qualified parties, information is available regarding built-to-suit or ground lease opportunities tied to the specific pad size and tenant requirements.

Key Highlights

  • Retail pad located within a Kroger parking lot
  • Pad size varies based on tenant needs
  • Developed jointly by Southeastern and Kroger

Property Analytics

Current Use

Kroger Grocery & Convenience Store Kroger Fuel Center Gas Station KeyMe Locksmiths Locksmith Kroger Pharmacy Pharmacy Redbox Cinema

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Pharmacy Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

330
Businesses Nearby
178k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 42% Shops & Services 23% Groceries 20% Superstores 9%
Kroger Groceries
35,557 visits/mo 0.1 miles
McDonald's Dining
25,347 visits/mo 0.2 miles
Big Lots Superstores
16,793 visits/mo 0.3 miles
Taco Bell Dining
13,813 visits/mo 0.2 miles
Dollar Tree Shops & Services
13,079 visits/mo 0.5 miles

Demographics for 46176, IN

28,401
Population
12,724
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
90%
High-School Grad
169.5 sq mi
ZIP Area
168
Density / Sq Mi
$66,045
Median Household Income
$40,330
Median Earnings
$962
Median Rent
$172,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail pad located within a Kroger parking lot; dimensions vary by tenant needs.
Where is this retail space located?
The property is located at 1601 E Michigan Rd Shelbyville, IN.
What are key features of this property?
This property features: Retail pad located within a Kroger parking lot; Pad size varies based on tenant needs; Developed jointly by Southeastern and Kroger
More about this property
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