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Renovated Two-Tenant Mixed-Use Property
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428 E Washington St, Shelbyville, IN 46176

Main level combines expansive open space with a private office and ADA restroom.

Property SizeContact for details
Days on Market143

Property Features for 428 E Washington St

General Information

Standard status Active
Property subtype Mixed Use, Office, Retail

Additional Details

Office Units 2

Amenities

High Ceilings
Custom Doors
Tall Windows
Interior Transom Windows
Exposed Brick and Beams
Dimensional Roof
Spray Foamed Insulation
Private Office/Flex Room
ADA Restroom
Updated Kitchen
Family Room
1 Bedroom Suite
2 Full Baths
Private Steel Stair Case and Entrance

Building Details

Buildings 1
Construction brick & beam
Tenancy Multi
Listing Agency: KW Commercial Indy Metro South
Listed By: Shelly Johnson · License #IN RB14043056
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 10:22AM

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 KW Commercial Indy Metro South

Investment Insights

Based on property information with market context.

This renovated mixed-use property is configured for two tenants and blends commercial space with an upper-level residential component. The main floor includes a large open area, one private office or flex room, and an ADA restroom. Architectural details include high ceilings, custom doors, tall windows, interior transom windows, exposed brick and beams, a dimensional roof, and spray-foamed insulation.

The upper level provides a one-bedroom suite with an updated kitchen connected to the family room, two full baths, and a dedicated steel staircase with its own entrance. The property is located at 428 E Washington St in Shelbyville, Indiana.

Key Highlights

  • Renovated two‑tenant mixed‑use property
  • Main level includes a large open area, 1 private office or flex room, and 1 ADA restroom
  • Upper level features a 1‑bedroom suite, updated kitchen, family room, and 2 full baths

Property Analytics

Current Use

Live-work space

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

2
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

745
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Main level combines expansive open space with a private office and ADA restroom.
Where is this mixed-use property located?
The property is located at 428 E Washington St Shelbyville, IN.
What are key features of this property?
This property features: Renovated two‑tenant mixed‑use property; Main level includes a large open area, 1 private office or flex room, and 1 ADA restroom; Upper level features a 1‑bedroom suite, updated kitchen, family room, and 2 full baths
(317) 882-5900 Call to check price and availability
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