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Prime Development Land Opportunity
For Sale
$18,500,000

2315 Highway 231 North, Shelbyville, TN 37160

67.87 acres for development with utilities and road frontage.

Property Size4,034 SF
Lot Size67.87 Acres
Price / SF$4,586
Days on Market399

Property Features for 2315 Highway 231 North

General Information

Standard status Active
Size 4,034 SF
Lot size 67.87 Acres
Property subtype Commercial
Listing Agency: CRAIG AND WHEELER REALTY & AUCTION
Listed By: TAD CRAIG · License #256440
Source: Corcoran
Added: Jul 24, 2025 Changed: Aug 9 Last Checked: Aug 9 at 9:08PM

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 CRAIG AND WHEELER REALTY & AUCTION

Investment Insights

Based on property information with market context.

This 67.87-acre property presents a development opportunity. Approximately 20 acres of the property are located within city limits and have access to sewer, gas, and water utilities. The property has frontage on three roads: Peacock Road, Midland Road, and Highway 231.

Key Highlights

  • 67.87 Acres total land size
  • 20 acres located within city limits
  • Sewer, gas, and water utilities available

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Storage Facility Garden Center (Bike/Boat/Book/etc) Store Auto Parts Store Veterinary Clinic Skin Care Clinic

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

23
Businesses Nearby

Demographics for 37160, TN

36,976
Population
14,130
Households
2.6
Avg Household Size
37
Median Age
16%
College-Educated
83%
High-School Grad
233.3 sq mi
ZIP Area
158
Density / Sq Mi
$58,899
Median Household Income
$34,759
Median Earnings
$924
Median Rent
$257,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - 67.87 acres for development with utilities and road frontage.
Where is this commercial land located?
The property is located at 2315 Highway 231 North Shelbyville, TN.
What is the asking price?
The asking price for this property is $18,500,000.
What are key features of this property?
This property features: 67.87 Acres total land size; 20 acres located within city limits; Sewer, gas, and water utilities available
More about this property
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