534 Miller Ave Shelbyville, IN 46176
- Retail space
- 4,352 SF
- 0.15 lot acres
Current Use by Public Records
- Retail space
Property Details for 534 Miller Ave
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.15 lot acres
- Property size
- 4,352 SF
- Property type
- Retail space
- APN
- 73-11-06-200-308.000-002
- APU
- 731106200308000002
Description
This exceptional Shelbyville property offers a unique blend of commercial and residential space, ideal for diverse uses. The main retail building at 534 Miller Avenue, totaling 4,352 square feet, is currently configured as a church but is zoned for a variety of permitted uses under IS zoning. Its striking sanctuary boasts soaring 17-foot ceilings and 12-foot eaves, creating an impressive and adaptable space. The upper level comprises two offices, while the lower level features multiple classrooms, a relaxing lounge area, and separate restrooms for men and women. Adding to its appeal is the adjacent residential property at 535 Dunn Avenue, a well-maintained 1,774-square-foot home. This two-bedroom, two-bathroom residence includes a spacious kitchen and most appliances. A significant advantage is the converted two-car garage, now a finished family life center with its own kitchen and restroom, offering versatile space for gatherings or additional living quarters. Situated on a 0.15-acre lot, this combined property presents a compelling investment opportunity in a prime location near Shelbyville's downtown area. The property's flexible zoning and existing features make it suitable for a wide range of commercial ventures, while the included residence provides additional income potential or comfortable living space. This is a rare chance to acquire a substantial property with significant upside in a thriving community. The asking price is $339,025.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shelbyville
- County
- Shelby
- State
- Indiana
- Longitude
- -85.786
- Latitude
- 39.5194
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA