1415 E Michigan Rd Shelbyville, IN 46176
Property profile & analytics
1415 E Michigan Rd, Shelbyville, IN 46176
- Turn key restaurants
- 4,936 SF
- 0.35 lot acres
Property ID
US31-2196862
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.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 1415 E Michigan Rd
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 0.35 lot acres
- Property type
- Turn key restaurants
- APN
- 73-11-04-100-114.000-002
- APU
- 731104100114000002
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Shelbyville
- County
- Shelby
- State
- Indiana
- Longitude
- -85.7561
- Latitude
- 39.5196
- 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
$7,739
$46,000
$231,500
$277,500
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$46,000
$231,500
$277,500
