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    Shelbyville, IN Retail Properties & Spaces for Sale

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    Mixed-Use Retail and Residential Building
    Updated: Nov 19, 2025
    Mixed-Use Retail and Residential Building

    12 S Harrison Street, Shelbyville, IN 46176

    $574,900
    0.06 AC lot
    High annual income of over $50,000 from three fully leased storefronts.
    Significant value‑add potential with 4,000+ sq ft of partially finished residential space for lofts, short‑term rentals, or office/studio conversions.
    Prime location in the heart of Downtown Shelbyville's revitalized brick streetscape.
    High visibility and strong foot traffic.
    Stable tenants and flexible downtown commercial zoning.
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    Retail Investment Opportunity in Shelbyville
    Updated: Feb 5
    Retail Investment Opportunity in Shelbyville

    570 Saraina Rd, Shelbyville, IN 46176

    $2,189,415
    12,375 sqft
    Prime investment opportunity in Shelbyville, IN.
    Potential for development and expansion.
    Desirable location.
    Lucrative income‑generating asset potential.
    Confidential materials available for due diligence.
    View details
    Flexible Office and Retail Building
    Flexible Office and Retail Building

    535 East Hendricks Street, Shelbyville, IN 46176

    $450,000
    1,008 sqft

    Street-front commercial building with dedicated parking and a flexible interior layout for office, retail, or service use.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Shelbyville Mixed-Use Redevelopment Opportunity
    Shelbyville Mixed-Use Redevelopment Opportunity

    134 E Jackson St, Shelbyville, IN 46176

    $3,500,000
    61,479 sqft

    Redevelop entire block in Shelbyville's Central Business District.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Shelbyville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 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.

    Freestanding Dunkin' Investment Property
    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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    Retail Space Near High School
    Retail Space Near High School

    8050 E Southport Rd, Indianapolis, IN 46259

    $1,800,000

    Retail space in a growing suburban Indianapolis market.

    View details
    Restored Mixed-Use Building For Sale
    Restored Mixed-Use Building For Sale

    111 E Main Cross St, Edinburgh, IN 46124

    $225,000
    8,153 sqft

    Edinburgh mixed-use building with retail and residential potential.

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    Historic Downtown Commercial Building For Sale
    Historic Downtown Commercial Building For Sale

    126 E Main Cross Street, Edinburgh, IN 46124

    $149,900

    Prime commercial building in historic downtown Edinburgh with living space.

    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 Location Land For Sale
    Prime Location Land For Sale

    1007 North Riley Highway, Shelbyville, IN 46176

    $696,900
    1.00 AC lot

    One acre of land in a high-traffic location.

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    Roadside Business Development Land
    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.

    View details
    Corner Commercial Development Land
    Corner Commercial Development Land

    S State Street, Greenfield, IN 46140

    $695,000
    3.51 AC lot

    Commercial corner parcel with extensive road frontage and municipal utilities available for a range of development uses.

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    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    6516 N Us Highway 31, Whiteland, IN 46184

    $695,000
    5.55 AC lot

    High-visibility highway frontage with utilities on site and a ready curb cut for commercial development.

    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.

    114 Lee Blvd
    SHOPPING CENTER, STRIP CENTER

    114 Lee Blvd, Shelbyville, IN 46176-3403

    Value Estimation by Request
    14,496 sqft 1.43 AC lot
    View details
    823 State Rd 44
    AUTO REPAIR, GARAGE

    823 State Rd 44, Shelbyville, IN 46176

    Value Estimation by Request
    2,880 sqft 0.72 AC lot
    View details
    860 Elston Dr
    PARKING LOT

    860 Elston Dr, Shelbyville, IN 46176-1823

    Value Estimation by Request
    3.00 AC lot
    View details
    52 Washington St
    RETAIL STORES (PERSONAL SERVICES)

    52 Washington St, Shelbyville, IN 46176-1351

    Value Estimation by Request
    2,970 sqft 0.11 AC lot
    View details
    2 Van Ave, Unit 4
    RETAIL STORES (PERSONAL SERVICES)

    2 Van Ave, Shelbyville, IN 46176-2636

    Unit 4
    Value Estimation by Request
    3,190 sqft 0.13 AC lot
    View details
    1658 State Rd 44
    RESTAURANT

    1658 State Rd 44, Shelbyville, IN 46176-1844

    Value Estimation by Request
    1,000 sqft 0.43 AC lot
    View details
    1010 State Rd 44
    RETAIL STORES (PERSONAL SERVICES)

    1010 State Rd 44, Shelbyville, IN 46176-1770

    $1,055,000
    Estimated value
    14,859 sqft 3.57 AC lot
    View details
    825 State Rd 44
    AUTO REPAIR, GARAGE

    825 State Rd 44, Shelbyville, IN 46176-1758

    Value Estimation by Request
    4,234 sqft 1.20 AC lot
    View details
    719 State Rd 44
    AUTO REPAIR, GARAGE

    719 State Rd 44, Shelbyville, IN 46176-1756

    Value Estimation by Request
    3,528 sqft 0.36 AC lot
    View details
    2503 State Rd 44th, Unit 2551
    SHOPPING CENTER, STRIP CENTER

    2503 State Rd 44th, Shelbyville, IN 46176-1884

    Unit 2551
    $635,000
    Estimated value
    90,612 sqft 13.06 AC lot
    View details
    34 38th E Washington St
    RETAIL STORES (PERSONAL SERVICES)

    34 38th E Washington St, Shelbyville, IN 46176

    Value Estimation by Request
    6,690 sqft 0.10 AC lot
    View details
    17 Harrison St
    RETAIL STORES (PERSONAL SERVICES)

    17 Harrison St, Shelbyville, IN 46176-1307

    Value Estimation by Request
    3,428 sqft 0.03 AC lot
    View details
    418 Miller Ave
    RETAIL STORES (PERSONAL SERVICES)

    418 Miller Ave, Shelbyville, IN 46176-1934

    Value Estimation by Request
    1,929 sqft 0.08 AC lot
    View details
    1303 Harrison St
    AUTO REPAIR, GARAGE

    1303 Harrison St, Shelbyville, IN 46176-2766

    Value Estimation by Request
    2,874 sqft 0.51 AC lot
    View details
    857 Harrison St
    RETAIL STORES (PERSONAL SERVICES)

    857 Harrison St, Shelbyville, IN 46176-2612

    Value Estimation by Request
    3,136 sqft 0.06 AC lot
    View details
    1127 State Rd 44
    CAR WASH

    1127 State Rd 44, Shelbyville, IN 46176-1772

    Value Estimation by Request
    1,040 sqft 0.83 AC lot
    View details
    1815 450th E
    RETAIL STORES (PERSONAL SERVICES)

    1815 450th E, Shelbyville, IN 46176-9209

    Value Estimation by Request
    280 sqft 2.03 AC lot
    View details
    535 Hendricks St
    VEHICLE SALES, RENTALS

    535 Hendricks St, Shelbyville, IN 46176-1752

    Value Estimation by Request
    1,008 sqft 0.98 AC lot
    View details
    4056 Michigan Rd
    RETAIL STORES (PERSONAL SERVICES)

    4056 Michigan Rd, Shelbyville, IN 46176-8934

    Value Estimation by Request
    1,554 sqft 1.08 AC lot
    View details
    360 Broadway St
    PARKING LOT

    360 Broadway St, Shelbyville, IN 46176-1777

    Value Estimation by Request
    0.13 AC lot
    View details

    Shelbyville, IN Retail Properties & Spaces Market Trends and Statistics

    Explore 72 retail properties & spaces for sale in Shelbyville, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 74,862 square feet of properties for sale, with an estimated market value of $6,139,415.

    Sale prices for stores in Shelbyville, IN start at $450,000, averaging $2,046,471, and reaching up to $3,500,000 — 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

    Shopping centers 5
    Storefront properties 2
    Showrooms 1

    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 $1.2M

    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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