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    Shelbyville, IN Restaurants for Sale

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    Mixed-Use Property with Apartments
    Updated: Nov 6
    Mixed-Use Property with Apartments

    37-41 Public Square, Shelbyville, IN 46176

    $1,500,000
    0.13 AC lot
    17,420 SF historic mixed‑use building with retail or office space, bistro, and six apartments
    Bistro includes approximately 6,100 SF plus a lower level of similar size
    Six apartments: one 3BR, two 2BR, two 1BR, and one studio
    Apartment upgrades include appliances, cabinetry, countertops, flooring, fixtures, and paint
    10% projected cap rate at full occupancy and stabilization
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    1 active listing matches your search: Restaurant for sale in Shelbyville, IN. Based on your search, we've also compiled 46 Potential Opportunities for your consideration: 4 properties in nearby cities, 38 off-market properties to explore as potential leads, and 4 land listings with development potential.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Chili's Restaurant with NNN Lease
    Chili's Restaurant with NNN Lease

    2299 N Morton St, Franklin, IN 46131

    $2,377,600
    5,856 sqft

    Occupied by Chili’s under a triple-net ground lease with renewal options.

    View details
    Coffee Shop
    Coffee Shop

    8525 S Emerson Ave, Indianapolis, IN 46237

    $3,079,745
    950 sqft

    The property sits along South Emerson Avenue, near a planned 202-unit multifamily development and a major healthcare campus.

    View details
    Restaurant Building with On-Site Parking
    Restaurant Building with On-Site Parking

    4740 E. Southport Rd., Indianapolis, IN 46237

    Contact for pricing
    5,659 sqft 1.18 AC lot

    Second-generation restaurant improvements occupy an outlot within Southport Commons.

    View details
    Corporate-Backed Drive-Thru Restaurant Ground Lease
    Corporate-Backed Drive-Thru Restaurant Ground Lease

    2490 N Morton St, Franklin, IN 46131

    $3,000,000

    New 15-year corporate-backed Chick-fil-A ground lease with absolute NNN structure and a double-stack drive-thru concept.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with MU-2 Zoning
    Commercial Land with MU-2 Zoning

    1739/1795 N Shadeland Avenue, Indianapolis, IN 46219

    $250,000
    0.58 AC lot

    Two-lot commercial land parcel with MU-2 zoning and public sewer service.

    View details
    Commercial Land at Interstate Exit
    Commercial Land at Interstate Exit

    S State Road 109, Knightstown, IN 46148

    $499,000
    5.30 AC lot

    Cleared acreage lies beside the I-70 westbound exit ramp, with zoning currently designated Agricultural.

    View details
    Commercial Land with Frontage
    Commercial Land with Frontage

    3049 Kentucky Avenue, Indianapolis, IN 46221

    $249,995
    0.53 AC lot

    Two adjoining parcels offer a compact commercial development site with public sewer service and Kentucky Avenue access.

    View details
    Approved Urban Infill Commercial Land
    Approved Urban Infill Commercial Land

    134 W 30th Street, Indianapolis, IN 46208

    $299,900
    0.23 AC lot

    Cleared infill parcel with reported approval for a ten-unit residential project near Downtown Indianapolis.

    View details

    Off-Market Properties in Shelbyville, IN

    Consider similar Off-Market properties in Shelbyville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1658 State Rd 44
    RESTAURANT

    1658 State Rd 44, Shelbyville, IN 46176-1844

    Estimated value:
    $255,000
    1,000 sqft 0.43 AC lot
    View details
    2103 Intelliplex Dr
    RESTAURANT

    2103 Intelliplex Dr, Shelbyville, IN 46176-8538

    Estimated value:
    $335,000
    7,119 sqft 1.73 AC lot
    View details
    420 Eastern Ave
    RESTAURANT

    420 Eastern Ave, Shelbyville, IN 46176-1764

    Estimated value:
    $290,000
    8,200 sqft 0.06 AC lot
    View details
    360 Broadway St
    RESTAURANT

    360 Broadway St, Shelbyville, IN 46176-1777

    Estimated value:
    $235,000
    1,040 sqft 0.13 AC lot
    View details
    2501 State Rd 44
    RESTAURANT

    2501 State Rd 44, Shelbyville, IN 46176-1884

    Estimated value:
    $300,000
    2,685 sqft 0.86 AC lot
    View details
    318 Harrison St
    RESTAURANT

    318 Harrison St, Shelbyville, IN 46176-1312

    Estimated value:
    $130,000
    3,258 sqft 0.26 AC lot
    View details
    1930 Morristown Rd
    RESTAURANT

    1930 Morristown Rd, Shelbyville, IN 46176-9408

    Estimated value:
    $315,000
    4.05 AC lot
    View details
    2035 Riley Hwy
    RESTAURANT

    2035 Riley Hwy, Shelbyville, IN 46176-9465

    Estimated value:
    $335,000
    3,303 sqft 1.08 AC lot
    View details
    1792 Riley Hwy
    RESTAURANT

    1792 Riley Hwy, Shelbyville, IN 46176-9405

    Estimated value:
    $360,000
    0.78 AC lot
    View details
    1646 State Rd 44
    RESTAURANT

    1646 State Rd 44, Shelbyville, IN 46176-1844

    Estimated value:
    $280,000
    1,955 sqft 0.46 AC lot
    View details
    1810 Riley Hwy
    RESTAURANT

    1810 Riley Hwy, Shelbyville, IN 46176-9171

    Estimated value:
    $275,000
    1.56 AC lot
    View details
    2541 State Rd 44
    RESTAURANT

    2541 State Rd 44, Shelbyville, IN 46176-1884

    Estimated value:
    $350,000
    3,466 sqft 0.95 AC lot
    View details
    110 Lee Blvd
    RESTAURANT

    110 Lee Blvd, Shelbyville, IN 46176-3403

    Estimated value:
    $250,000
    1,922 sqft 0.76 AC lot
    View details
    57 Locust St
    RESTAURANT

    57 Locust St, Shelbyville, IN 46176-2103

    Estimated value:
    $280,000
    5,394 sqft 0.14 AC lot
    View details
    1620 Michigan Rd
    RESTAURANT

    1620 Michigan Rd, Shelbyville, IN 46176-1890

    Estimated value:
    $255,000
    2,444 sqft 0.63 AC lot
    View details
    350 Broadway St
    RESTAURANT

    350 Broadway St, Shelbyville, IN 46176-1777

    Estimated value:
    $320,000
    3,003 sqft 0.32 AC lot
    View details
    1147 State Rd 44
    RESTAURANT

    1147 State Rd 44, Shelbyville, IN 46176-1772

    Estimated value:
    $275,000
    4,500 sqft 0.77 AC lot
    View details
    102 Lee Blvd
    RESTAURANT

    102 Lee Blvd, Shelbyville, IN 46176-3403

    Estimated value:
    $340,000
    5,677 sqft 1.36 AC lot
    View details
    1830 Marketplace Blvd
    RESTAURANT

    1830 Marketplace Blvd, Shelbyville, IN 46176-1976

    Estimated value:
    $250,000
    2,516 sqft 0.94 AC lot
    View details
    1107 State Rd 44
    RESTAURANT

    1107 State Rd 44, Shelbyville, IN 46176-1772

    Estimated value:
    $275,000
    2,314 sqft 0.87 AC lot
    View details
    632 Harrison St
    RESTAURANT

    632 Harrison St, Shelbyville, IN 46176-2113

    Estimated value:
    $270,000
    4,289 sqft 0.36 AC lot
    View details
    541 Hendricks St
    RESTAURANT

    541 Hendricks St, Shelbyville, IN 46176-1752

    Estimated value:
    $275,000
    2,507 sqft 0.43 AC lot
    View details
    18 Public Square Shelbyville, IN 46176
    Restaurants

    18 Public Square Shelbyville, IN 46176, Shelbyville, IN 46176

    Estimated value: by Request
    View details

    Shelbyville, IN Restaurants Market Trends and Statistics

    Explore 39 restaurants for sale in Shelbyville, IN on our real estate platform.

    Sale prices for restaurant properties in Shelbyville, IN average $1,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Coffee shops 3
    Conventional restaurants 3
    Bars & Pubs 2

    Demographics Overview

    Population 29K
    Population Growth (5Y) +3.5%
    Median Household Income $66,045
    College Educated 25.8%

    Taxes & Financing

    Tax Rate (average for all types) 2.29%
    Property Tax per SF $38.44 per SF
    Tax Rate vs County Average 0.06 pp above county avg
    Average Loan-to-Value 65.0%

    How Realmo verifies these figures

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    Featured Shelbyville Real Estate Agencies

    Realmo connects you with licensed Shelbyville CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Mackenzie Allen, Polston & Associates
    126 E. Washington St. Shelbyville, IN 46176
    Phone: (317) 364-1106
    www.mackenzieallenrealestate.com
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