Three-Story Interior-Corridor
New
For Sale
$6,050,000
59 E Rampart St, Shelbyville, IN 46176
The property includes 57 guest rooms, a fitness center, a pool, and meeting and event space.
Property Size32,516 SF
Days on Market3
Property Features for 59 E Rampart St
General Information
Standard status
Active
Size
32,516 SF
Property subtype
Commercial
Lease Term
± 15 YRS
Building Details
Building Size
32,516 SF
Year Built
1999
Units
57
Listing Agency:
Matthews
Listed By:
Luke Whittaker · License #02185614 (CA)
(317) 493-0055
Source:
Matthews
Added: Sep 30
Last Checked: Oct 1 at 8:00AM
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 Matthews
Investment Insights
Based on property information with market context.
Built in 1999, this three-story hotel has 57 keys and interior corridors. The approximately 32,516-square-foot building sits on approximately 1.99 acres. Guest amenities include a pool, fitness center, meeting rooms, event space, complimentary breakfast and Wi-Fi, pet-friendly rooms, and digital key access. A 15-year license extension is in place, and renovation is scheduled for 2025. Projected occupancy for 2024 is 69.70%.
The hotel is in Shelbyville, southeast of Indianapolis, with access to Interstate 74. Nearby demand sources named for the property include Knauf Insulation, Ryobi Die Casting, and Indiana Grand Racing & Casino. Indianapolis-area destinations and employers cited include the Indiana Convention Center, Lucas Oil Stadium, Eli Lilly and Company, and Salesforce.
The hotel is in Shelbyville, southeast of Indianapolis, with access to Interstate 74. Nearby demand sources named for the property include Knauf Insulation, Ryobi Die Casting, and Indiana Grand Racing & Casino. Indianapolis-area destinations and employers cited include the Indiana Convention Center, Lucas Oil Stadium, Eli Lilly and Company, and Salesforce.
Key Highlights
- 57 guest keys in a three‑story, interior‑corridor hotel
- Approximately 32,516 SF on approximately 1.99 acres
- 15‑year license extension; renovation scheduled for 2025
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - The property includes 57 guest rooms, a fitness center, a pool, and meeting and event space.
Where is this hotel located?
The property is located at 59 E Rampart St Shelbyville, IN.
What is the asking price?
The asking price for this property is $6,050,000.
What are key features of this property?
This property features: 57 guest keys in a three‑story, interior‑corridor hotel; Approximately 32,516 SF on approximately 1.99 acres; 15‑year license extension; renovation scheduled for 2025
