1415 E Michigan Rd Shelbyville, IN 46176
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.