0 In-44 Shelbyville, IN 46176
This exceptional commercial land parcel presents a unique investment opportunity in the thriving city of Shelbyville, Indiana. Situated on State Road 44, this strategically located property boasts a sizable lot ranging from 6.44 to 7.53 acres and is divisible to accommodate various development plans. The property benefits from highly desirable BH zoning, permitting a wide array of uses including retail, entertainment, general office, industrial, and medical facilities. Its prime location along Shelbyville's main thoroughfare and retail corridor ensures high visibility and accessibility. The site enjoys close proximity to Interstate 74, providing excellent connectivity for both local and regional businesses. This area is experiencing significant growth, evidenced by the recent opening of a major Greenleaf Foods manufacturing plant just west of I-74, creating 460 new jobs and further solidifying the area's economic vitality. The surrounding area is anchored by established retailers such as Walmart Supercenter, Big Lots, Aldi, Rural King, Kroger, and Goodwill, creating a strong retail environment and attracting significant consumer traffic. This presents a compelling opportunity for developers seeking a well-positioned site with diverse development potential in a rapidly growing market. The property's size and zoning flexibility make it ideal for a variety of commercial ventures, capitalizing on the area's robust economic activity and strategic location. This is a rare chance to acquire a significant land parcel in a thriving Indiana community. The zip code is 46176.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.