1837 E Michigan Rd, Shelbyville, IN 46176
For Sale
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This exceptional commercial property, located at 1837 E Michigan Road in Shelbyville, Indiana, presents a unique investment opportunity. Boasting a substantial 1.2-acre lot, this property offers significant potential for a variety of business ventures. The existing 1,800 square foot building has served as the well-established Bears Den restaurant since 1977, demonstrating its suitability for a food service establishment or similar high-traffic business. The property's Business Highway zoning allows for a wide range of uses, making it an attractive option for entrepreneurs seeking a high-visibility location. Its prime location in a desirable Shelbyville area ensures excellent accessibility and exposure to a large customer base. The substantial lot size provides ample space for expansion, outdoor seating, or additional development. This turnkey opportunity combines a proven location with the flexibility to adapt to a diverse range of business plans. The property is priced at $597,000 and is ready for immediate occupancy. Don't miss this chance to acquire a valuable commercial asset in a thriving Shelbyville community.
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Bear's Den Restaurant
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
No recorded transactions found for this property.
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.