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    FOR SALE
    Turn key restaurants

    1837 E Michigan Rd, Shelbyville, IN 46176

    1,296 SF 1.2 ac lot Built 1954
    Individually Owned Absentee Owner ~ Est. High Equity
    Property ID
    US31-2266104
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1954
    Total area 1,296 SF
    Lot 1.2 ac (52,272 SF)
    APN 73-11-04-400-002.000-002
    UPID US31-2266104
    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
    Current use
    Occupant on record · Public records
    • Bear's Den Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    ROBERT LEWIS
    ROBERT LEWIS
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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