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Flex Warehouse with Office Suites
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318 E Broadway St, Shelbyville, IN 46176

Flex warehouse building with overhead doors, office space, central air, and gas heat, plus multiple parking areas.

Property Size10,000 SF
Price / SF$100
Days on Market213

Property Features for 318 E Broadway St

General Information

Standard status Active
Size 10,000 SF
Class C
Total Parking Spaces 22
Property subtype Industrial
Zoning Light Industrial
Occupancy 100%
Investment Type Owner/User
Net Operating Income $40,000

Warehouse & Industrial

Clear Height 18 ft
Drive-In Doors 3
Heavy Power Yes

Additional Details

Utilities to Site Yes
Office Units 5

Building Details

Year Built 1985
Stories 1
Tenancy Multi
Listing Agency: Christian LLC
Listed By: Chad Christian · License #IN
Source: Crexi
Added: Feb 3 Changed: Aug 23 Last Checked: Sep 3 at 10:32AM

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 Christian LLC

Investment Insights

Based on property information with market context.

This flex warehouse property is configured for multiple tenants and includes office and warehouse components. The front portion features two suites: Suite 1 is a single-story block building with beige metal siding and shingled roof, including one restroom, kitchenette area, and two offices; Suite 2 is a single-story warehouse suite with a 10' overhead door and additional office-support space. Suite 1 and Suite 2 can be joined or kept separate.

The back portion includes two additional suites. Suite 3 is a two-story stick-built area with a 9' overhead door on the downstairs level, plus a bathroom and utility sink; the upstairs level includes three offices, a full bath and a half bath, kitchenette area, and storage closet. Suite 4 is primarily warehouse space with 18' ceilings and a 14' overhead door. Suite 3 and Suite 4 can also be joined or separated.

The entire building is served by 3-phase 120V/208V power, with central air and gas heat. The exterior improvements noted include new sidewalks, storm drains, and utility lines to the building, including gas and water lines. Parking is available in multiple areas, with approximately 10 spaces for the front portion and approximately 12 spaces for the back portion.

Key Highlights

  • 1985‑built flex warehouse building with central air and gas heat throughout (3‑phase 120V/208V power)
  • Front portion: approx. 4,600 SF single‑story block building on slab with approx. 10 parking spaces; beige metal siding and shingled roof
  • Suite 1: 2,000 SF with 1 restroom, kitchenette area, and 2 offices; Suite 1 can be joined with Suite 2 or separated

Property Analytics

Current Use

Christian Electric, LLC HVAC Service

Suggested Use

Top Pick Parking Lot & Garage Barber Shop (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store Locksmith

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

Lease Details

18 ft
Clear height
3
Drive-in doors
5
Office units
Yes
Heavy power
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

797
Businesses Nearby
Under-served
Demand for This Use

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
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Similar Off Market Nearby

  • Queen's Catering 223 S Harrison St, Shelbyville, IN 46176

Frequently Asked Questions

What type of property is this?
Flex space - Flex warehouse building with overhead doors, office space, central air, and gas heat, plus multiple parking areas.
Where is this flex space located?
The property is located at 318 E Broadway St Shelbyville, IN.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 1985‑built flex warehouse building with central air and gas heat throughout (3‑phase 120V/208V power); Front portion: approx. 4,600 SF single‑story block building on slab with approx. 10 parking spaces; beige metal siding and shingled roof; Suite 1: 2,000 SF with 1 restroom, kitchenette area, and 2 offices; Suite 1 can be joined with Suite 2 or separated
More about this property
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