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Property profile & analytics
OFF-MARKET
Land

0 In-44 Shelbyville, IN 46176

6.44 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 6.44 ac (280,526 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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