Shelbyville, IN Restaurants for Sale

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Fairland, IN Morristown, IN Franklin, IN

Updated: Dec 15, 2023

Shelbyville Restaurant with Highway Visibility

1415 E Michigan Road, Shelbyville, IN 46176

$312,000

4,936 sqft

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.

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Updated: Oct 20, 2023

Prime Shelbyville Commercial Land Opportunity

1837 E Michigan Road, Shelbyville, IN 46176

$450,000

1,800 sqft · 1.20 AC lot

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

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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.

Dutch Bros Drive-Thru NNN Investment

8525 S Emerson Avenue, Indianapolis, IN 46237

$3,080,000

950 sqft

Newly constructed Dutch Bros drive-thru on an absolute NNN lease with zero landlord responsibilities and contractual rental increases.

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Freestanding Dunkin' Investment Property

8134 E Southport Rd, Indianapolis, IN

$2,226,000

2,100 sqft · 0.61 AC lot

NNN leased Dunkin' with drive-thru in Indianapolis.

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Land Ideal for Retail Use

3110 W Smith Valley Rd, Greenwood, IN 46142

$2,200,000

2.70 AC lot

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

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Land Near High-Traffic Area

3124 W Smith Valley Road, Greenwood, IN 46142

$995,000

2.00 AC lot

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

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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

W 400 N, Shelbyville, IN 46176

$1,900,000

10.00 AC lot

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

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Prime Commercial Land I-74 Visibility

W 400 N, Shelbyville, IN 46176

$1,450,000

10.00 AC lot

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

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Roadside Business Development Land

7221 US 31 S, Edinburgh, IN 46124

$6,000,000

19.70 AC lot

19.7-acre roadside business site with 2,270 ft frontage and 13,551 VPD along US 31.

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Corner Lot for Development

5300 Southeastern Avenue, Indianapolis, IN 46203

$54,900

0.38 AC lot

Buildable lot with no HOA and seller financing availability in Indianapolis, zoned C1/C2.

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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.

RESTAURANT

1658 State Rd 44, Shelbyville, IN 46176-1844

Value Estimation by Request

1,000 sqft · 0.43 AC lot

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RESTAURANT

2103 Intelliplex Dr, Shelbyville, IN 46176-8538

Value Estimation by Request

7,119 sqft · 1.73 AC lot

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RESTAURANT

420 Eastern Ave, Shelbyville, IN 46176-1764

Value Estimation by Request

8,200 sqft · 0.06 AC lot

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RESTAURANT

360 Broadway St, Shelbyville, IN 46176-1777

Value Estimation by Request

1,040 sqft · 0.13 AC lot

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RESTAURANT

2501 State Rd 44, Shelbyville, IN 46176-1884

Value Estimation by Request

2,685 sqft · 0.86 AC lot

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RESTAURANT

318 Harrison St, Shelbyville, IN 46176-1312

Value Estimation by Request

3,258 sqft · 0.26 AC lot

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RESTAURANT

1930 Morristown Rd, Shelbyville, IN 46176-9408

Value Estimation by Request

4.05 AC lot

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RESTAURANT

2035 Riley Hwy, Shelbyville, IN 46176-9465

Value Estimation by Request

3,303 sqft · 1.08 AC lot

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RESTAURANT

1792 Riley Hwy, Shelbyville, IN 46176-9405

Value Estimation by Request

0.78 AC lot

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RESTAURANT

1646 State Rd 44, Shelbyville, IN 46176-1844

Value Estimation by Request

1,955 sqft · 0.46 AC lot

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RESTAURANT

1810 Riley Hwy, Shelbyville, IN 46176-9171

Value Estimation by Request

1.56 AC lot

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RESTAURANT

2541 State Rd 44, Shelbyville, IN 46176-1884

Value Estimation by Request

3,466 sqft · 0.95 AC lot

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RESTAURANT

110 Lee Blvd, Shelbyville, IN 46176-3403

Value Estimation by Request

1,922 sqft · 0.76 AC lot

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RESTAURANT

57 Locust St, Shelbyville, IN 46176-2103

Value Estimation by Request

5,394 sqft · 0.14 AC lot

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RESTAURANT

1620 Michigan Rd, Shelbyville, IN 46176-1890

Value Estimation by Request

2,444 sqft · 0.63 AC lot

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RESTAURANT

350 Broadway St, Shelbyville, IN 46176-1777

Value Estimation by Request

3,003 sqft · 0.32 AC lot

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RESTAURANT

1147 State Rd 44, Shelbyville, IN 46176-1772

Value Estimation by Request

4,500 sqft · 0.77 AC lot

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RESTAURANT

102 Lee Blvd, Shelbyville, IN 46176-3403

Value Estimation by Request

5,677 sqft · 1.36 AC lot

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RESTAURANT

1830 Marketplace Blvd, Shelbyville, IN 46176-1976

Value Estimation by Request

2,516 sqft · 0.94 AC lot

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RESTAURANT

1107 State Rd 44, Shelbyville, IN 46176-1772

Value Estimation by Request

2,314 sqft · 0.87 AC lot

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RESTAURANT

632 Harrison St, Shelbyville, IN 46176-2113

Value Estimation by Request

4,289 sqft · 0.36 AC lot

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RESTAURANT

541 Hendricks St, Shelbyville, IN 46176-1752

Value Estimation by Request

2,507 sqft · 0.43 AC lot

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Shelbyville, IN Restaurants Market Trends and Statistics

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 $762,000.

Sale prices for restaurant properties in Shelbyville, IN start at $312,000, averaging $381,000, and reaching up to $450,000 — 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

Demographics Overview

Population 29K

Population Growth (5Y) +3.5%

Median Household Income $66,045

College Educated 25.8%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
46176	$381K

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%

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Shelbyville, IN Restaurants for Sale

1415 E Michigan Road, Shelbyville, IN 46176

1837 E Michigan Road, Shelbyville, IN 46176

Opportunities in Nearby Cities

8525 S Emerson Avenue, Indianapolis, IN 46237

8134 E Southport Rd, Indianapolis, IN

3110 W Smith Valley Rd, Greenwood, IN 46142

3124 W Smith Valley Road, Greenwood, IN 46142

Potential Development Sites for Consideration

W 400 N, Shelbyville, IN 46176

W 400 N, Shelbyville, IN 46176

7221 US 31 S, Edinburgh, IN 46124

5300 Southeastern Avenue, Indianapolis, IN 46203

Off-Market Properties in Shelbyville, IN

1658 State Rd 44, Shelbyville, IN 46176-1844

2103 Intelliplex Dr, Shelbyville, IN 46176-8538

420 Eastern Ave, Shelbyville, IN 46176-1764

360 Broadway St, Shelbyville, IN 46176-1777

2501 State Rd 44, Shelbyville, IN 46176-1884

318 Harrison St, Shelbyville, IN 46176-1312

1930 Morristown Rd, Shelbyville, IN 46176-9408

2035 Riley Hwy, Shelbyville, IN 46176-9465

1792 Riley Hwy, Shelbyville, IN 46176-9405

1646 State Rd 44, Shelbyville, IN 46176-1844

1810 Riley Hwy, Shelbyville, IN 46176-9171

2541 State Rd 44, Shelbyville, IN 46176-1884

110 Lee Blvd, Shelbyville, IN 46176-3403

57 Locust St, Shelbyville, IN 46176-2103

1620 Michigan Rd, Shelbyville, IN 46176-1890

350 Broadway St, Shelbyville, IN 46176-1777

1147 State Rd 44, Shelbyville, IN 46176-1772

102 Lee Blvd, Shelbyville, IN 46176-3403

1830 Marketplace Blvd, Shelbyville, IN 46176-1976

1107 State Rd 44, Shelbyville, IN 46176-1772

632 Harrison St, Shelbyville, IN 46176-2113

541 Hendricks St, Shelbyville, IN 46176-1752

Shelbyville, IN Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

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