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Flex Building with Gated Yard

533-535 E Hendricks, Shelbyville, IN 46176

For Sale
$450,000

Commercial Sale, Shelbyville, IN

Property SizeContact for details
Lot Size0.98 Acres
Days on Market155

Property Features for 533-535 E Hendricks

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial S
Parking features Gated
Security features Security
Middle school Shelbyville Middle School
Elementary school district Shelbyville Central Schools
Middle school district Shelbyville Central Schools
High school district Shelbyville Central Schools
Directions GPS Friendly
Subdivision 7308 - Shelby - Addison
Standard status Active
APN 731105200189000002
Lot size 0.98 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Esters Subdivision Lot 2 (1.45-.47) .98Ac
Tax Annual Amount 3100
Legal Description Esters Subdivision Lot 2 (1.45-.47) .98Ac

Utilities

Utilities Cable Available

Building Details

Year built 1977
Floors in Building 1
Listing Agency: eXp Realty LLC
Listed By: Ashton Wischmeier · License IN RB25000099
Added: Jun 9 Changed: Oct 8 Last Checked: Nov 10 at 5:06PM
MLS# 22107225

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Built in 1977, the flex property includes a 42' x 24' structure on a 0.98-acre parcel. A gated security fence encloses the site, and cable is available. The building is presented for office, retail, or service-related operations.

The property is on E Hendricks St, minutes from Downtown Shelbyville, with access to SR9 and I74.

Key Highlights

  • 0.98‑acre parcel with a gated security fence
  • 42' x 24' structure built in 1977
  • Cable available

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency Restaurant Parking Lot & Garage 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

766
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Similar Off Market Nearby

  • Barbecue catering — 1312 S Harrison St, Shelbyville, IN 46176
  • Queen's Catering — 223 S Harrison St, Shelbyville, IN 46176

Frequently Asked Questions

What type of property is this?
Flex space - A commercial structure on a nearly one-acre parcel includes a gated perimeter and cable availability.
Where is this flex space located?
The property is located at 533-535 E Hendricks Shelbyville, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 0.98‑acre parcel with a gated security fence; 42' x 24' structure built in 1977; Cable available
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