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Property profile & analytics
OFF-MARKET
Manufacturing properties

3453 Smithland Freedom St Shelbyville, IN 46176-9669

4,668 SF 0.25 ac lot Built 1957
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US31-2138894
Property summary
AI-generated overview

This exceptional mixed-use property, located just outside Shelbyville, Indiana, at 3453 W Smithland Freedom Street, presents a rare opportunity for small business owners. Boasting over 5,552 square feet of insulated workspace, this building sits on a half-acre lot, offering both ample space and a tranquil setting with scenic views. Completely renovated in 2017, the property is in excellent condition and ready for immediate occupancy. The versatile layout includes multiple work areas, perfectly suited for a variety of businesses. A dedicated spray booth room caters to specific needs, while a convenient office and half-bath provide essential amenities. Extensive storage space is also available, addressing the storage requirements of many businesses. The property's location offers the peace and quiet of a rural setting while remaining conveniently accessible to Shelbyville. This is an ideal space for a business seeking a combination of functionality, space, and a serene environment. The asking price is $324,900. Don't miss this chance to acquire a well-maintained, ready-to-use commercial property. Schedule your showing today.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1957
Construction WOOD
Total area 4,668 SF
Lot 0.25 ac (10,890 SF)
APN 73-10-27-200-020.000-009
UPID US31-2138894
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
Lemasters Construction LLC · 10 yrs held
Lemasters Construction LLC
since 2016
2 recorded transactions
2019
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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