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    Shelbyville, IN Retail Properties & Spaces for Sale

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    Three-Building Mixed-Use Portfolio
    Updated: Jun 4
    Three-Building Mixed-Use Portfolio

    29 Public Square, Shelbyville, IN 46176

    $2,800,000
    0.06 AC lot
    Three mixed‑use commercial buildings in downtown Shelbyville
    Includes apartment, office, and retail space
    Substantial construction and lease‑up work remains
    Commercial zoning
    On‑street parking
    View details
    Mixed-Use Property with Storefronts
    Updated: Nov 19, 2025
    Mixed-Use Property with Storefronts

    12 S Harrison Street, Shelbyville, IN 46176

    $499,900
    0.06 AC lot
    Two parcels with three fully leased storefronts
    4,000+ sq ft of partially finished residential space on the second floor
    BG - Business General zoning
    2024 INDOT traffic count: 25,000
    1900 construction with membrane and rubber roof
    View details
    Flexible Office and Retail Building
    Flexible Office and Retail Building

    535 East Hendricks Street, Shelbyville, IN 46176

    Contact for pricing
    1,008 sqft

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

    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
    Shelbyville Mixed-Use Redevelopment Opportunity
    Shelbyville Mixed-Use Redevelopment Opportunity

    134 E Jackson St, Shelbyville, IN 46176

    Contact for pricing
    61,479 sqft

    Redevelop entire block in Shelbyville's Central Business District.

    View details
    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.

    Remodeled Two-Story Office Building
    Remodeled Two-Story Office Building

    164 E Jefferson St, Franklin, IN 46131

    $599,000
    3,272 sqft

    Updated workspace combines open-plan areas with private offices, a conference room, kitchen, and bathroom.

    View details
    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    2155 N 700 W, Arlington, IN 46104

    $199,999
    0.21 AC lot

    Commercial zoning and a ground-floor retail or restaurant layout support a range of business configurations.

    View details
    Retail Storefront Property
    Retail Storefront Property

    2155 N 700 W, Arlington, IN 46104

    $199,999

    Retail storefront property offered for sale with GPS-friendly directions and located in Rush County.

    View details
    Mixed-Use Property with Apartment
    Mixed-Use Property with Apartment

    80 N Jackson Street, Franklin, IN 46131

    $370,000
    0.12 AC lot

    Downtown building combines a commercial storefront with residential space, private entrances, and off-street parking.

    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 N Riley Highway, Shelbyville, IN 46176

    $696,900
    1.00 AC lot

    One acre of land in a high-traffic location.

    View details
    New Palestine Redevelopment Opportunity
    New Palestine Redevelopment Opportunity

    5023 W Us Hwy 52, New Palestine, IN 46163

    Contact for pricing
    0.32 AC lot

    0.68-acre parcel suitable for small commercial development.

    View details
    Corner Commercial Land
    Corner Commercial Land

    S State Street, Greenfield, IN 46140

    $695,000
    3.51 AC lot

    Corner parcel with substantial road frontage and municipal utilities available.

    View details
    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    6516 N Us Highway 31, Whiteland, IN 46184

    $695,000
    5.55 AC lot

    SR-zoned commercial land with an existing curb cut and on-site gas and electric.

    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

    Estimated value:
    $385,000
    14,496 sqft 1.43 AC lot
    View details
    823 State Rd 44
    AUTO REPAIR, GARAGE

    823 State Rd 44, Shelbyville, IN 46176

    Estimated value:
    $295,000
    2,880 sqft 0.72 AC lot
    View details
    860 Elston Dr
    PARKING LOT

    860 Elston Dr, Shelbyville, IN 46176-1823

    Estimated value:
    $355,000
    3.00 AC lot
    View details
    52 Washington St
    RETAIL STORES (PERSONAL SERVICES)

    52 Washington St, Shelbyville, IN 46176-1351

    Estimated value:
    $265,000
    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
    Estimated value:
    $290,000
    3,190 sqft 0.13 AC lot
    View details
    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
    1010 State Rd 44
    RETAIL STORES (PERSONAL SERVICES)

    1010 State Rd 44, Shelbyville, IN 46176-1770

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

    825 State Rd 44, Shelbyville, IN 46176-1758

    Estimated value:
    $295,000
    4,234 sqft 1.20 AC lot
    View details
    719 State Rd 44
    AUTO REPAIR, GARAGE

    719 State Rd 44, Shelbyville, IN 46176-1756

    Estimated value:
    $295,000
    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
    Estimated value:
    $635,000
    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

    Estimated value:
    $295,000
    6,690 sqft 0.10 AC lot
    View details
    17 Harrison St
    RETAIL STORES (PERSONAL SERVICES)

    17 Harrison St, Shelbyville, IN 46176-1307

    Estimated value:
    $275,000
    3,428 sqft 0.03 AC lot
    View details
    418 Miller Ave
    RETAIL STORES (PERSONAL SERVICES)

    418 Miller Ave, Shelbyville, IN 46176-1934

    Estimated value:
    $280,000
    1,929 sqft 0.08 AC lot
    View details
    1303 Harrison St
    AUTO REPAIR, GARAGE

    1303 Harrison St, Shelbyville, IN 46176-2766

    Estimated value:
    $265,000
    2,874 sqft 0.51 AC lot
    View details
    857 Harrison St
    RETAIL STORES (PERSONAL SERVICES)

    857 Harrison St, Shelbyville, IN 46176-2612

    Estimated value:
    $195,000
    3,136 sqft 0.06 AC lot
    View details
    1127 State Rd 44
    CAR WASH

    1127 State Rd 44, Shelbyville, IN 46176-1772

    Estimated value:
    $225,000
    1,040 sqft 0.83 AC lot
    View details
    1815 450th E
    RETAIL STORES (PERSONAL SERVICES)

    1815 450th E, Shelbyville, IN 46176-9209

    Estimated value:
    $140,000
    280 sqft 2.03 AC lot
    View details
    535 Hendricks St
    VEHICLE SALES, RENTALS

    535 Hendricks St, Shelbyville, IN 46176-1752

    Estimated value:
    $255,000
    1,008 sqft 0.98 AC lot
    View details
    4056 Michigan Rd
    RETAIL STORES (PERSONAL SERVICES)

    4056 Michigan Rd, Shelbyville, IN 46176-8934

    Estimated value:
    $180,000
    1,554 sqft 1.08 AC lot
    View details
    360 Broadway St
    PARKING LOT

    360 Broadway St, Shelbyville, IN 46176-1777

    Estimated value:
    $230,000
    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 62,487 square feet of properties for sale, with an estimated market value of $3,299,900.

    Sale prices for stores in Shelbyville, IN start at $499,900, averaging $1,649,950, and reaching up to $2,800,000 — 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 3
    Storefront properties 2

    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 $499.9K

    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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