Shelbyville Restaurant with Highway
For Sale
Contact for pricing
Pending
1415 E Michigan Rd, Shelbyville, IN 46176
Long-standing Shelbyville restaurant with high visibility on State Road 44.
Property Size4,936 SF
Days on Market994
Property Features for 1415 E Michigan Rd
General Information
Standard status
Pending
Size
4,936 SF
Property subtype
Retail
Zoning
Business Highway
Investment Type
Owner/User
Building Details
Year Built
1969
Listing Agency:
Carpenter Realtors
Listed By:
Stan Comer, ABR, GRI · License #RB14021312
(317) 852-4091
Source:
Crexi
Added: Dec 20, 2023
Changed: Aug 15
Last Checked: Aug 15 at 12:46AM
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 Carpenter Realtors
Investment Insights
Based on property information with market context.
This long-standing restaurant in Shelbyville offers significant visibility on State Road 44. The property is zoned Business Highway (BH), which allows for various uses. The building spans 4,936 square feet and includes multiple dining and meeting rooms, four bathrooms, and four fireplaces. It features a walk-in cooler and a walk-in freezer. The property also contains two kitchens and cook lines, a flattop, fryers, a grill, a stove, and ovens. Multiple coolers, a prep station, a bar, and various tables, chairs, and booths are included. Two additional asphalt lots are available for sale to provide more parking if needed.
Key Highlights
- Terrific visibility on St. Rd. 44, a major thoroughfare.
- Business Highway (BH) zoning allows for diverse business applications.
- Fully equipped with 2 kitchens and cook lines, including flattop, fryers, grill, stove, and ovens.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
197k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 21%
Groceries 18%
Superstores 9%
Kroger
Groceries
35,557 visits/mo
0.1 miles
McDonald's
Dining
25,347 visits/mo
0.1 miles
Big Lots
Superstores
16,793 visits/mo
0.2 miles
Burger King
Dining
14,801 visits/mo
0.4 miles
Taco Bell
Dining
13,813 visits/mo
0.1 miles
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
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- King Buffet — 2450 IN-44, Shelbyville, IN 46176
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Long-standing Shelbyville restaurant with high visibility on State Road 44.
Where is this conventional restaurant located?
The property is located at 1415 E Michigan Rd Shelbyville, IN.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Terrific visibility on St. Rd. 44, a major thoroughfare.; Business Highway (BH) zoning allows for diverse business applications.; Fully equipped with **2 kitchens and cook lines**, including flattop, fryers, grill, stove, and ovens.
