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Property profile & analytics

1303 Harrison St Shelbyville, IN 46176-2766

  • Auto shops
  • 2,874 SF
  • 0.51 lot acres
OFF-MARKET
Value Estimation
$310,000
Last Sale
Dec 05, 2024
Location Intelligence
Property ID
US31-1358092
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Meineke Car Care Center / Auto Repair Shop

Property Details for 1303 Harrison St

Year built
1960
Construction
WOOD
Lot size
0.51 lot acres
Property size
2,874 SF
Property type
Auto shops
APN
73-11-05-300-484.000-002
APU
731105300484000002

Description

This exceptional investment opportunity presents a 2,874 square foot Meineke car care center located at 1303 S Harrison St, Shelbyville, IN 46176. The property boasts a new 14-year absolute NNN lease with two 5-year renewal options, secured by a highly experienced Meineke franchisee operating a successful 17-unit multi-franchise operation within the Indianapolis MSA. The franchisee completed a significant renovation in 2024, demonstrating a strong long-term commitment. The building, constructed in 1970 and renovated in 2024, sits on a 0.66-acre lot (APN: 731105300484000000) and enjoys a prime location on a major North-South thoroughfare, conveniently situated near US I-74 and just 30 minutes from downtown Indianapolis. The property benefits from strong surrounding demographics, including nearby residential complexes like The Mill Apartments (168 units) and Loper Commons Apartments (72 units), and is surrounded by national retailers such as Walmart, Kroger, Valero, Speedway, and Starbucks. The asking price is $738,462, representing a price per square foot of $256.95 and a 6.50% cap rate, with a current NOI of $48,000. This single-unit property offers investors a stable, income-producing asset with significant upside potential. The franchisee's hands-on management style, overseeing all locations within a 90-minute radius, ensures efficient operations and strong performance. This property is also available as part of a two-property portfolio in the Indianapolis metro area.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Shelbyville
County
Shelby
State
Indiana
Longitude
-85.7749
Latitude
39.5131
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,898
$56,900
$47,000
$103,900
-
$56,900
$47,000
$103,900
More about this property
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