39 Washington St Shelbyville, IN 46176
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.