Restaurant With Commercial
For Sale
$279,000
Pending
1415 E Michigan Road, Shelbyville, IN 46176
Commercial Sale, Shelbyville, IN
Property SizeContact for details
Lot Size0.35 Acres
Days on Market984
Property Features for 1415 E Michigan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Business Highway
Middle school
Shelbyville Middle School
Elementary school district
Shelbyville Central Schools
Middle school district
Shelbyville Central Schools
High school district
Shelbyville Central Schools
Directions
I-74 to the Shelbyville exit...IN-44...left and follow State Road 44 to the property on the left side of the road.
Subdivision
7308 - Shelby - Addison
Standard status
Pending
APN
731104100114000002
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Reddington Nesd Lt4 & Npt Lt 5 & Npt Lt 7
Legal Description
Reddington Nesd Lt4 & Npt Lt 5 & Npt Lt 7
Building Details
Year built
1969
Roof type
Wood, Mixed, Shake, Membrane, Flat
Listing Agency:
Carpenter, REALTORS(R)
(317) 852-4091
Listed By:
Stan Comer · License #RB14021312
(800) 630-1727
Added: Dec 19, 2023
Changed: Aug 28
Last Checked: Aug 29 at 7:06PM
MLS# 21956964
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property, built in 1969, includes multiple dining and meeting rooms, four bathrooms, and four fireplaces. The food-service layout provides two kitchens and cook lines, along with a walk-in cooler, walk-in freezer, flattop, fryers, grill, stove, ovens, coolers, prep station, and bar. Tables, chairs, and booths are also present.
The 0.35-acre property is located at 1415 E Michigan Road in Shelbyville, Indiana, along St. Rd. 44. Business Highway zoning applies to the site. Two additional asphalt lots are separately available for sale and may provide additional parking capacity if acquired.
The 0.35-acre property is located at 1415 E Michigan Road in Shelbyville, Indiana, along St. Rd. 44. Business Highway zoning applies to the site. Two additional asphalt lots are separately available for sale and may provide additional parking capacity if acquired.
Key Highlights
- Restaurant property on 0.35 acres at 1415 E Michigan Road, Shelbyville, IN 46176
- Business Highway (BH) zoning
- Multiple dining and meeting rooms with 4 bathrooms and 4 fireplaces
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
197k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 21%
Groceries 18%
Superstores 9%
Kroger
Groceries
35,557 visits/mo
0.1 miles
McDonald's
Dining
25,347 visits/mo
0.1 miles
Big Lots
Superstores
16,793 visits/mo
0.2 miles
Burger King
Dining
14,801 visits/mo
0.4 miles
Taco Bell
Dining
13,813 visits/mo
0.1 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
Questions? Ask Rey
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Similar Off Market Nearby
- King Buffet — 2450 IN-44, Shelbyville, IN 46176
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Business Highway zoning accompanies multiple dining rooms, meeting areas, and two kitchens with established food-service equipment.
Where is this conventional restaurant located?
The property is located at 1415 E Michigan Road Shelbyville, IN.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Restaurant property on 0.35 acres at 1415 E Michigan Road, Shelbyville, IN 46176; Business Highway (BH) zoning; Multiple dining and meeting rooms with 4 bathrooms and 4 fireplaces
