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Property profile & analytics
OFF-MARKET Estimated value $850,000
Warehouses

403 Noble St Shelbyville, IN 46176-2166

82,908 SF 1.19 ac lot
Individually Owned Free & Clear
Property ID
US31-0083045
Property summary
AI-generated overview

This exceptional 82,908-square-foot manufacturing facility presents a unique investment opportunity. Located at 403 S Noble Street in Shelbyville, Indiana, this three-story, all-brick building sits on a 1.75-acre lot. Constructed in 1891 and expanded in 1975, the property boasts a 16-foot ceiling height and three loading docks, providing ample space for operations. The building is classified as a "C" Class property and is considered a contributing structure by the Historic Landmarks Foundation of Indiana, offering potential for National Register of Historic Places listing. The property is conveniently situated just south of downtown Shelbyville, bordered by West Hendricks Street to the north, South Noble Street to the east, East South Street to the south, and Center Street to the west. The property features 30 parking spaces per 1,000 square feet. The zoning is designated as Industrial. The legal description is: 7FT SOUTH OF TAYLOR ST VAC & ALLEY & 37’ NPT LOT 40 & 37’ NPT LOT 44 & EHS 1ST LOT 9, 10, 16, 19, 17 & 18, 24, 27, 25, 26. The Shelby County Parcel Number is 73-11-05-100-642.000-002. This property is offered for sale with a leaseback option, making it an attractive proposition for both investors and businesses seeking a strategic location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Construction WOOD
Total area 82,908 SF
Lot 1.19 ac (51,967 SF)
APN 73-11-05-100-642.000-002
UPID US31-0083045
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
  • Hickory Furniture Production Facility Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$850k
Owner & transaction history
Roman Catholic Archdiocese Of India
Roman Catholic Archdiocese Of India
since 2026
4 recorded transactions
2026
Price N/A
2024
Price N/A
2022
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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