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    Shelbyville, IN
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    Shelbyville, IN Restaurants for Sale

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    Fairland, IN Morristown, IN Franklin, IN
    Shelbyville Restaurant with Highway Visibility
    $312,000
    4,936 SF

    Shelbyville Restaurant with Highway Visibility

    1415 E Michigan Road, Shelbyville, IN 46176

    Long-standing Shelbyville restaurant with high visibility and business zoning.

    • High visibility location on St. Rd. 44 (Business Highway).
    • Business Highway (BH) zoning allows for diverse uses.
    • Fully equipped with 2 kitchens and cook lines including flattop, fryers, grill, stove, ovens, multiple coolers, prep station.
    • Includes walk‑in cooler and walk‑in freezer.
    • Multiple dining and meeting rooms.
    Updated: Dec 18, 2023
    View details
    Prime Shelbyville Commercial Land Opportunity
    $525,000
    1,800 SF

    Prime Shelbyville Commercial Land Opportunity

    1837 E Michigan Road, Shelbyville, IN 46176

    1.2 acre commercial lot in desired Shelbyville location.

    • 1.2 acre lot in desirable Shelbyville, IN
    • Zoned Business Highway: multiple business opportunities
    • Established location: formerly the Bears Den (since 1977)
    • Central air conditioning
    • Asphalt parking
    Updated: Dec 21, 2023
    View details
    Based on your search, we've compiled 48 Potential Opportunities for your consideration. Besides 2 Active listings in Shelbyville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 38 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Established Bar in Indianapolis Neighborhood
    $675,000
    0.65 Acres

    Established Bar in Indianapolis Neighborhood

    Well-located bar with fully equipped kitchen and outdoor seating.

    7628 Southeastern Avenue, Indianapolis, IN 46239
    View details
    Freestanding Dunkin' Investment Property
    $2,226,000
    2,100 SF

    Freestanding Dunkin' Investment Property

    NNN leased Dunkin' with drive-thru in Indianapolis.

    8134 E Southport Rd, Indianapolis, IN
    View details
    Land Ideal for Retail Use
    $2,200,000
    2.70 Acres

    Land Ideal for Retail Use

    2.70 acres suitable for retail, restaurants, or car wash.

    3110 W Smith Valley Rd, Greenwood, IN 46142
    View details
    Land Near High-Traffic Area
    $995,000
    2.00 Acres

    Land Near High-Traffic Area

    Two-acre commercial land suitable for retail or office development.

    3124 W Smith Valley Road, Greenwood, IN 46142
    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.

    Prime Land with High Visibility
    $1,900,000
    10.00 Acres

    Prime Land with High Visibility

    10-acre commercial land parcel in fast-growing area.

    W 400 N, Shelbyville, IN 46176
    View details
    Prime Commercial Land I-74 Visibility
    $1,450,000
    10.00 Acres

    Prime Commercial Land I-74 Visibility

    10 acre commercial land parcel with high I-74 visibility.

    W 400 N, Shelbyville, IN 46176
    View details
    Residential Lot in Indianapolis
    $54,900
    0.38 Acres

    Residential Lot in Indianapolis

    Centrally located lot ideal for building a dream home.

    5300 Southeastern Avenue, Indianapolis, IN 46203
    View details
    Shadeland Avenue Commercial Development Land
    $260,000
    0.58 Acres

    Shadeland Avenue Commercial Development Land

    Highly visible land parcel suitable for commercial development.

    1739/1795 N Shadeland Avenue, Indianapolis, IN 46219
    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

    1658 State Rd 44

    RESTAURANT • 1,000 SF
    Value Estimation by Request
    1658 State Rd 44, Shelbyville, IN 46176-1844
    View details
    2103 Intelliplex Dr

    2103 Intelliplex Dr

    RESTAURANT • 7,119 SF
    Value Estimation by Request
    2103 Intelliplex Dr, Shelbyville, IN 46176-8538
    View details
    420 Eastern Ave

    420 Eastern Ave

    RESTAURANT • 8,200 SF
    Value Estimation by Request
    420 Eastern Ave, Shelbyville, IN 46176-1764
    View details
    360 Broadway St

    360 Broadway St

    RESTAURANT • 1,040 SF
    Value Estimation by Request
    360 Broadway St, Shelbyville, IN 46176-1777
    View details
    2501 State Rd 44

    2501 State Rd 44

    RESTAURANT • 2,685 SF
    Value Estimation by Request
    2501 State Rd 44, Shelbyville, IN 46176-1884
    View details
    318 Harrison St

    318 Harrison St

    RESTAURANT • 3,258 SF
    Value Estimation by Request
    318 Harrison St, Shelbyville, IN 46176-1312
    View details
    1930 Morristown Rd

    1930 Morristown Rd

    RESTAURANT • 4.05 Acres
    Value Estimation by Request
    1930 Morristown Rd, Shelbyville, IN 46176-9408
    View details
    2035 Riley Hwy

    2035 Riley Hwy

    RESTAURANT • 3,303 SF
    Value Estimation by Request
    2035 Riley Hwy, Shelbyville, IN 46176-9465
    View details
    1792 Riley Hwy

    1792 Riley Hwy

    RESTAURANT • 0.78 Acres
    Value Estimation by Request
    1792 Riley Hwy, Shelbyville, IN 46176-9405
    View details
    1646 State Rd 44

    1646 State Rd 44

    RESTAURANT • 1,955 SF
    Value Estimation by Request
    1646 State Rd 44, Shelbyville, IN 46176-1844
    View details
    1810 Riley Hwy

    1810 Riley Hwy

    RESTAURANT • 1.56 Acres
    Value Estimation by Request
    1810 Riley Hwy, Shelbyville, IN 46176-9171
    View details
    2541 State Rd 44

    2541 State Rd 44

    RESTAURANT • 3,466 SF
    Value Estimation by Request
    2541 State Rd 44, Shelbyville, IN 46176-1884
    View details
    110 Lee Blvd

    110 Lee Blvd

    RESTAURANT • 1,922 SF
    Value Estimation by Request
    110 Lee Blvd, Shelbyville, IN 46176-3403
    View details
    57 Locust St

    57 Locust St

    RESTAURANT • 5,394 SF
    Value Estimation by Request
    57 Locust St, Shelbyville, IN 46176-2103
    View details
    1620 Michigan Rd

    1620 Michigan Rd

    RESTAURANT • 2,444 SF
    Value Estimation by Request
    1620 Michigan Rd, Shelbyville, IN 46176-1890
    View details
    350 Broadway St

    350 Broadway St

    RESTAURANT • 3,003 SF
    Value Estimation by Request
    350 Broadway St, Shelbyville, IN 46176-1777
    View details
    1147 State Rd 44

    1147 State Rd 44

    RESTAURANT • 4,500 SF
    Value Estimation by Request
    1147 State Rd 44, Shelbyville, IN 46176-1772
    View details
    102 Lee Blvd

    102 Lee Blvd

    RESTAURANT • 5,677 SF
    Value Estimation by Request
    102 Lee Blvd, Shelbyville, IN 46176-3403
    View details
    1830 Marketplace Blvd

    1830 Marketplace Blvd

    RESTAURANT • 2,516 SF
    Value Estimation by Request
    1830 Marketplace Blvd, Shelbyville, IN 46176-1976
    View details
    1107 State Rd 44

    1107 State Rd 44

    RESTAURANT • 2,314 SF
    Value Estimation by Request
    1107 State Rd 44, Shelbyville, IN 46176-1772
    View details
    632 Harrison St

    632 Harrison St

    RESTAURANT • 4,289 SF
    Value Estimation by Request
    632 Harrison St, Shelbyville, IN 46176-2113
    View details
    541 Hendricks St

    541 Hendricks St

    RESTAURANT • 2,507 SF
    Value Estimation by Request
    541 Hendricks St, Shelbyville, IN 46176-1752
    View details

    Shelbyville, IN Restaurants Investment Opportunities Market Analysis

    Explore 40 restaurants for sale in Shelbyville, IN on our real estate platform. These investment opportunities span a total of 6,736 square feet of properties for sale, with an estimated market value of $837,000.

    Sale prices for restaurant properties in Shelbyville, IN start at $312,000, averaging $418,500, and reaching up to $525,000 — 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

    Bars & Pubs 2
    Coffee shops 1
    Conventional restaurants 1

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

    Identify Shelbyville submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    46176 $383K

    Taxes & Financing

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

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