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Office Building
For Sale
$825,000

23 Public Sq, Shelbyville, IN 46176

Downtown office property with a substantial building footprint and dedicated site area.

Property Size25,000 SF
Lot Size1.00 Acre
Price / SF$33
Days on Market16

Property Features for 23 Public Sq

General Information

Standard status Active
Size 25,000 SF
Lot size 1.00 Acre
Property subtype Office

Building Details

Buildings 1
Building Size 25,000 SF
Listing Agency: Indianapolis
Listed By: Ryan Kelly
Source: Colliers
Added: Aug 16 Changed: Aug 30 Last Checked: Aug 30 at 1:04PM

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 Indianapolis

Investment Insights

Based on property information with market context.

This office property includes a 25,000 SF building situated on 01.0 acres. The asset is offered for sale as a single office building and occupies a downtown site in Shelbyville.

The property is located at 23 Public Sq, Shelbyville, IN 46176, placing the office improvements within the downtown area. The building and land are presented together as one commercial property.

Key Highlights

  • 25,000 SF office building
  • 01.0‑acre site
  • Downtown location at 23 Public Sq, Shelbyville, IN 46176

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Bakery Barber Shop Restaurant (Bike/Boat/Book/etc) Store Pharmacy

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

784
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Downtown office property with a substantial building footprint and dedicated site area.
Where is this office building located?
The property is located at 23 Public Sq Shelbyville, IN.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 25,000 SF office building; 01.0‑acre site; Downtown location at 23 Public Sq, Shelbyville, IN 46176
More about this property
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