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Property profile & analytics
FOR SALE
Turn key restaurants

1415 E Michigan Rd Shelbyville, IN 46176

4,936 SF 0.35 ac lot Built 1969
Entity Owned 4-yr Hold Free & Clear
Property ID
US31-2196862
Property summary
AI-generated overview

This exceptional commercial property at 1415 E Michigan Road in Shelbyville, Indiana, presents a unique investment opportunity. Boasting 4,936 square feet on a 0.35-acre lot, this established business enjoys unparalleled visibility directly on St. Rd. 44. The Business Highway (BH) zoning allows for a wide range of potential uses, making it highly adaptable to various business ventures. The building itself is well-equipped and features multiple dining and meeting rooms, providing ample space for diverse operations. Four bathrooms, four fireplaces, and two fully equipped kitchens with cook lines, a flattop, fryers, grill, stove, ovens, multiple coolers, and a prep station ensure functionality and versatility. A walk-in cooler and a walk-in freezer are also included, along with a bar and ample seating provided by various tables, chairs, and booths. Two additional asphalt lots are available for purchase, offering the potential for expanded parking to accommodate increased business needs. This property's prime location, extensive interior features, and flexible zoning make it an ideal investment for entrepreneurs seeking a well-established and versatile commercial space. The asking price is $399,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1969
Construction WOOD
Total area 4,936 SF
Lot 0.35 ac (15,246 SF)
APN 73-11-04-100-114.000-002
UPID US31-2196862
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Fiddlers Three LLC · 4 yrs held
Fiddlers Three LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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