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Property profile & analytics
OFF-MARKET
Mixed-use properties

39 Washington St Shelbyville, IN 46176

3,984 SF 0.3 ac lot Built 1939
Property ID
US31-1776437
Property summary
AI-generated overview

This exceptional mixed-use property at 39 West Washington Street in Shelbyville, Indiana presents a compelling investment opportunity. The completely renovated 3,984 square foot building sits on a 0.3-acre lot and offers a unique blend of historic character and contemporary amenities. The exterior features new Hardy Plank siding, enhancing both curb appeal and longevity. Ample parking is provided by a freshly repaved lot with 24 spaces. The ground floor boasts versatile office space ideal for a variety of businesses, complemented by a comfortable two-bedroom, one-bathroom apartment. Upstairs, the property includes a studio apartment with a full bath, and another two-bedroom, one-bathroom unit. All units are in like-new condition, showcasing custom cabinetry throughout while retaining the building's historical charm. This income-producing property is priced at $999,997 and represents a rare chance to acquire a turnkey investment in a desirable Shelbyville location. The property's combination of commercial and residential spaces provides diverse income streams and significant potential for future growth. The extensive renovations ensure minimal maintenance needs, maximizing return on investment. This is an exceptional opportunity for investors seeking a stable and appreciating asset in a thriving community.

Property profile
Verified
Property type Mixed-use properties
Year built 1939
Total area 3,984 SF
Lot 0.3 ac (13,068 SF)
UPID US31-1776437
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
  • Elite Expressions Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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