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    44 East Dr Shelbyville, IN 46176

    For Sale
    Contact for pricing

    Prime Shelbyville location, divisible parcels, I-74 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 13.97-acre commercial land parcel presents a unique investment opportunity in the thriving city of Shelbyville, Indiana. Strategically located on East Dr, State Road 44, this property boasts convenient access to Interstate 74, ensuring high visibility and easy accessibility for businesses and customers. The site is zoned BH, allowing for a diverse range of permitted uses, including retail, entertainment, general office, industrial, and medical facilities. Its prime location along Shelbyville's main thoroughfare and retail corridor places it amongst established businesses such as Walmart Supercenter, Big Lots, Aldi, Rural King, Kroger, and Goodwill, creating a strong synergy and attracting significant foot traffic. The property is divisible into two parcels: Parcel 1 encompasses 6.44 acres, while Parcel 2 comprises 7.53 acres, offering flexibility for various development scenarios. This presents an unparalleled chance to establish a new business or expand an existing operation in a high-demand area with excellent infrastructure and a robust commercial environment. The property's size and zoning make it ideal for a variety of projects, catering to diverse business needs and maximizing investment potential. Don't miss this opportunity to secure a prominent location in Shelbyville's dynamic commercial landscape. The property is situated in Shelby County, Indiana, with a zip code of 46176.

    Property Features for 44 East Dr

    General Information

    Property type
    Land
    Lot Size
    608,533 SF

    HighLights

    • Excellent I‑74 access via State Road 44.
    • Prime Shelbyville location on the main retail corridor.
    • Strong retail synergy; neighbors include Walmart, Big Lots, Aldi, Rural King, Kroger, and Goodwill.
    • BH zoning allows retail, entertainment, office, industrial, and medical uses.
    • Zoned BH.
    • 13.97‑acre land parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quik pix Gas Station

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.7615413
    Latitude
    39.5234681

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    FAQs

    What type of property is this?
    Land - Prime Shelbyville location, divisible parcels, I-74 access.
    Where is this land located?
    The property is located at 44 East Dr Shelbyville, IN.
    What are key features of this property?
    This property features: Excellent I-74 access via State Road 44.; Prime Shelbyville location on the main retail corridor.; Strong retail synergy; neighbors include Walmart, Big Lots, Aldi, Rural King, Kroger, and Goodwill.
    (317) 663-6558
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    44 East Dr Shelbyville, IN 46176
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    44 East Dr Shelbyville, IN 46176
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