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$140,000
This 3,184 sq. ft. commercial building on .64 acres offers a flexible layout with multiple office/showroom areas, large storage spaces, kitchenette area, full bath plus an additional restroom area, and an attached 2-car garage. The floor plan includes generous open rooms ideal for office use, service-based business operations, inventory, equipment storage, or future reconfiguration. The property backs up to the Big Blue River and features mature trees, giving the site a unique setting with added privacy. Zoned C-1, this property offers a variety of potential commercial uses, subject to local zoning approval. Additional features include a water softener, well pump, septic, alarm system, and heat. Please note: property is located in Flood Zone AE and does not currently have A/C. Bring your vision and bid with confidence. Buyer to verify all zoning, permitted uses, utilities, flood requirements, and property details.

149 W Boggstown Road, Shelbyville

Listing courtesy of Coldwell Banker Stiles.

$395,000
4 Beds ⋅ 1 Baths
Built in 1923, this traditional farmhouse combines original character with key updates throughout the home. The updated kitchen features hickory cabinets and stainless steel appliances, along with an updated bathroom, porch/sunroom, and all new windows. Hardwood floors run throughout the living and dining rooms, maintaining the home's original character. Situated on nearly 3 acres, the property offers a peaceful setting with open space to enjoy the outdoors. Landscaping leads to the home, creating a welcoming approach, while the acreage provides space for gardening, recreation, hobbies, or simply enjoying the surroundings. Exterior features include a 30x40 detached 3-car garage with 9-foot doors, an additional 2-car carport, and a metal roof, providing ample space for vehicles, storage, equipment, or workshop use. Enjoy a country setting with the convenience of quick access to I-65 for commuting and travel.

11941 S 600 W, Edinburgh

Listing courtesy of Mark Dietel Realty, LLC.

$301,900
3 Beds ⋅ 2 Baths
All brick Ranch in highly desired neighborhood featuring 10ft ceilings, 2 fireplaces, built-in cabinetry and incredible storage. Spacious kitchen w/all appliances included, formal dining room that can easily serve as a second living space or office, and a large primary suite w/garden tub under a skylight makes for relaxation! Oversized 2 car garage w/workshop area, mature landscaping and built in kitchen cabinets. This a home you won't want to miss!

2806 Theobald Street, Shelbyville

Listing courtesy of Runnebohm Realty, LLC.

$384,900
3 Beds ⋅ 3 Baths
Welcome to your next opportunity in Edinburgh! Situated on approximately 8 beautiful acres, this unique property offers endless potential for those looking to renovate and make it their own. The home features a spacious 3 bedroom, 2.5 bath floor plan with soaring vaulted ceilings, a striking A-frame living room with fireplace, an updated kitchen with granite countertops and stainless steel appliances, and a large barn with horse stalls. The property is being sold AS-IS and needs repairs and updates, making it an ideal investment, renovation project, or chance to create your dream country estate. Enjoy the peace and privacy of rural living while still being conveniently located.

9261 S 825 W, Edinburgh

Listing courtesy of Real Broker, LLC.

$200,000
3 Beds ⋅ 1 Baths
This 3 bed, 1 bath all stone ranch is ready for new owners. Home features a generous living room space, eat-in kitchen and new carpet throughout. The 1 car garage has extra storage space and a laundry room area. The additional storage shed is conveniently located at the end of the driveway to store additional outdoor equipment. This property sits on 2 parcels, just under an acre in size, providing a lot of opportunity to create your own outdoor retreat.

4150 W 600 S, Shelbyville

Listing courtesy of Keller Williams Indpls Metro N.

$234,900
3 Beds ⋅ 3 Baths
This Central Park charmer is ready for its next chapter! The main floor features open concept living with open living and dining areas. The kitchen has a desirable layout with plenty of storage and counter space. There is a large mud room that would work well as a pantry space located off the garage entry. The second level hosts additional living space in the open loft and the laundry room for convenience. The primary suite has a large private bathroom and closet. The additional two bedrooms are fairly sized and have a full bathroom to share. The backyard has plenty of open space and no neighbors behind! The home has been refreshed with neutral paint and low maintenance vinyl plank flooring throughout. Seller offering up to 4% toward buyer closing costs, prepaid expenses, and/or interest rate buydown when using Seller's preferred lender. Incentive subject to lender approval, loan program restrictions, and terms outlined in the executed contract.

1624 Wagner Drive, Shelbyville

Listing courtesy of Garnet Group.

$189,000
3 Beds ⋅ 2 Baths
Looking for a weekend getaway or permanent home off the beaten path but yet close to so much? Come check out this home on Little Blue in Manilla! Three bedrooms and 2 full baths. Spacious Great room with wood burning fireplace, hardwood floors and serene views. Dining area off kitchen and speaking of the kitchen, it comes complete with Overhead Microwave, Refrigerator, Dishwasher, Electric Range! Primary bedroom comes complete with full bath which has a metal shower stall, new cabinet, sink! Laundry room has cabinets, storage areas, and counter for folding and washer and dryer will stay. Two additional bedrooms with hardwood floors. There are multiple porch areas around the home to enjoy your view of Little Blue and nature at its best. "Basement" is a cellar type with access in screened porch. Attached garage is great for storage lawn equipment and access to septic lid. The home is being sold as-is. Partial fenced in yard and swing will stay. There is a "dock" in the back but please do NOT go on it. Home is in a flood plain.

7694 E 500 N, Manilla

Listing courtesy of RE/MAX Realty Group.

$359,900
3 Beds ⋅ 3 Baths
Welcome home to your own summer oasis on a quiet Fairland cul-de-sac. This 2,214 SF brick & cedar 2story blends classic charm with fresh, modern updates and a backyard built for entertaining. Step inside to rich woodlook flooring, crisp white trim and a welcoming foyer that opens to a flexible dining/office space. The heart of the home is the stunning, renovated kitchen featuring white Shaker cabinets, quartzstyle counters with waterfall peninsula, designer tile backsplash, stainless appliances and a walkin pantry. The kitchen flows into the lightfilled family room with beamed ceiling and striking stackedstone fireplace-ideal for cozy movie nights. Retreat to 3 spacious bedrooms, including an upstairs primary suite with dormer windows, walkin closet and updated bath. 2.5 baths offer granite or solidsurface vanities, with a sleek half bath echoing the fireplace's stone accent wall.Glass doors lead to the cozy threeseason sunroom overlooking a spacious deck, Salt-water in-ground pool and parklike, fully fenced yard with mature trees, firepit area and storage shed. With an oversized 2car garage and additional living/office space above the garage, long driveway for extra parking, no HOA and peaceful country surroundings near Triton schools and I74 access, this property delivers the lifestyle of a retreat with the convenience of town.

7608 W Mockingbird Court, Fairland

Listing courtesy of Ever Real Estate, LLC.

$274,900
5 Beds ⋅ 3 Baths
Welcome to 1009 Balto Drive where you'll find this single-family residence with a thoughtfully designed floorplan and constructed in 2020. Spanning 3000 square feet of living space and featuring 5 bedrooms, this attractive home offers a contemporary foundation for your next chapter. The heart of this home is its open-plan kitchen, seamlessly connecting with the living room. It features a smart refrigerator and a functional island, complete with a sink, making it ideal for both everyday living and entertaining. The multi surface counters offer great space for baking and serving your guests. Take note of the 9 foot ceilings on the main floor that lend to the spacious ambiance while the oversized patio slider invites the natural daylight. The master suite with tray ceiling provides a much needed retreat where you'll find a double vanity alongside a beautiful tiled walk-in shower, providing a spa-like experience. This two-story home includes a dedicated laundry room for practical daily living and conveniently situated on the 2nd floor near bedrooms. Outdoor enjoyment is effortless with both a patio and a porch, offering versatile spaces for relaxation and social gatherings. Additionally, both the widened drive and the attached 2-car garage provide ample parking. Discover the effortless lifestyle that awaits in this thoughtfully designed home.

1009 Balto Drive, Shelbyville

Listing courtesy of Carpenter, REALTORS®.

$503,990
2 Beds ⋅ 2 Baths
Welcome to easy elegance in Centennial of Brownsburg, a sought-after low-maintenance community built by Davis Homes. This beautifully appointed 1,788-square-foot ranch offers a thoughtfully designed open-concept floor plan, blending sophisticated finishes with comfortable everyday living. The heart of the home is the gourmet kitchen, featuring a large center island, cooktop, wall oven, designer hood, and abundant cabinetry, creating an ideal space for entertaining and gathering. Expansive low-E windows bathe the home in natural light, enhancing the warm and inviting atmosphere throughout. Architectural details such as tray ceilings add character and dimension to the living spaces, while the spacious primary suite provides a luxurious retreat. The ensuite bath showcases an enlarged zero-threshold tiled shower, offering both style and accessibility in a spa-inspired setting. Step outside and enjoy one of the home's most appealing features: a screened porch overlooking the private courtyard. Whether enjoying a quiet morning coffee, hosting friends, or relaxing on a summer evening, this seamless indoor-outdoor living space is sure to become a favorite destination. Residents of Centennial enjoy an exceptional lifestyle with access to a clubhouse, fitness center, swimming pool, and pickleball courts. Combining upscale design, thoughtful amenities, and carefree living, this beautiful home offers the perfect opportunity to enjoy the best of Brownsburg living.

8811 Constitution Trail, Brownsburg

Listing courtesy of eXp Realty, LLC.

$88,900
3 Beds ⋅ 2 Baths
Move-In Ready Double-Wide Mobile Home now available in popular Westar Mobile Home Park in Shelbyville, IN. Brand New Carpet and LVP Wood Flooring throughout. Walking Distance to Schools. Two Playgrounds on-site. Quiet Neighborhood and Lawn Care provided by Park. Monthly Lot Lease = $665.00 and Includes Lawn Care, Trash Pickup, Snow Removal and Common Area Maintenance; All Buyers must Submit Westar Lot Lease Application and be Approved before Closing

Lot 135 911 Hale Road, Shelbyville

Listing courtesy of MyHomeIndy.com.

$331,422
4 Beds ⋅ 3 Baths
Find all the space you need in the two-story Stamford floor plan in Summerfield, our new home community in Shelbyville, Indiana. Inside this 4 bedroom, 2.5 bathroom home, you'll find 2,346 square feet of comfortable living. The living area is an open concept, where your kitchen blends seamlessly into a living area perfect for everyday living and entertaining. On the first floor, the kitchen is in the rear of the home and features a center island with room for seating, plentiful cabinetry, quartz countertops, stainless steel appliances and a walk-in pantry which are sure to make meal prep easy. A powder room is conveniently located off the main floor great room area. The first floor also features a flex room at the entrance of the home that provides an area for work or play. Upstairs, you are greeted with a spacious loft area as well as four bedrooms, two bathrooms, and a laundry area. The primary bedroom has a walk-in closet and bathroom with double vanity, linen storage and large shower. Whether these rooms become bedrooms, office spaces, or other bonus rooms, there is sure to be a place for all. Like all homes in Summerfield, the Stamford includes smart home technology, which allows you to control your home anytime with your smart device while near or away. Photos are representative of plan and may vary as built.

1379 Aster Drive, Shelbyville

Listing courtesy of DRH Realty of Indiana, LLC.

$327,668
4 Beds ⋅ 3 Baths
Find all the space you need in the two-story Stamford floor plan in Summerfield, our new home community in Shelbyville, Indiana. Inside this 4 bedroom, 2.5 bathroom home, you'll find 2,346 square feet of comfortable living. The living area is an open concept, where your kitchen blends seamlessly into a living area perfect for everyday living and entertaining. On the first floor, the kitchen is in the rear of the home and features a center island with room for seating, plentiful cabinetry, quartz countertops, stainless steel appliances and a walk-in pantry which are sure to make meal prep easy. A powder room is conveniently located off the main floor great room area. The first floor also features a flex room at the entrance of the home that provides an area for work or play. Upstairs, you are greeted with a spacious loft area as well as four bedrooms, two bathrooms, and a laundry area. The primary bedroom has a walk-in closet and bathroom with double vanity, linen storage and large shower. Whether these rooms become bedrooms, office spaces, or other bonus rooms, there is sure to be a place for all. Like all homes in Summerfield, the Stamford includes smart home technology, which allows you to control your home anytime with your smart device while near or away. Photos are representative of plan and may vary as built.

1580 Aster Drive, Shelbyville

Listing courtesy of DRH Realty of Indiana, LLC.

$274,990
3 Beds ⋅ 2 Baths
Welcome to 2329 Bear Oak Run, a stunning new construction home for sale in Shelbyville, Indiana. This thoughtfully designed single-story home offers an abundance of living space and features 3 bedrooms, 2 full bathrooms, an electric fireplace, a 2-car garage, an owner's luxury bath upgrade, and more! Step inside to discover an open-concept living space that creates a seamless flow between the kitchen, dining, and living areas - perfect for everyday living and entertaining alike. The quality of design is evident throughout, from the carefully selected finishes to the functional layout that maximizes every square foot of the home. The Shelbyville community provides a welcoming atmosphere, with proximity to parks that offer opportunities for outdoor recreation and relaxation. The area is well-suited for those who enjoy access to green spaces and a friendly neighborhood setting. Every detail of this home has been crafted with care, reflecting a commitment to quality construction and intelligent design. From the functional floorplan to the refined finishes, this home delivers comfort and style in equal measure. 2329 Bear Oak Run is an excellent opportunity to own a brand-new home with the personalization options and quality that new construction provides!

2329 Bear Oak Run, Shelbyville

Listing courtesy of M/I Homes of Indiana, L.P..

$210,000
2 Beds ⋅ 2 Baths
Adorable 2-bedroom, 2-bath ranch home full of character and charm! From the moment you arrive, you'll appreciate the welcoming covered front porch, oversized carport, and attractive bay window that enhances the home's curb appeal. Step inside to a spacious living room featuring a cozy fireplace and large bay window that fills the space with natural light. The living room flows seamlessly into the dining area, highlighted by a wall-to-wall window that creates a bright and inviting atmosphere.The galley-style kitchen is fully equipped with abundant cabinetry and generous counter space, offering excellent functionality and plenty of room for meal preparation, storage, and everyday living. The spacious primary suite offers a walk-in closet and private bath with a separate vanity area, tub/shower combination, and additional dressing space for added convenience. A large family room featuring a second fireplace provides the perfect secondary gathering area and offers flexibility for an additional dining space if desired. A wall-to-wall picture window showcases beautiful views of the private, fenced backyard while allowing natural light to pour into the home. Just beyond the family room is a heated and cooled sunroom, providing additional living space and offering the potential for a third bedroom, home office, or hobby room. Step outside and unwind on the covered back porch overlooking the spacious backyard, creating the perfect setting for relaxing, entertaining, or enjoying peaceful outdoor living.

111 Fairfield Drive, Shelbyville

Listing courtesy of Keller Williams Indy Metro Partners.

$138,000
investment special. Live in one side and rent out the other. Current owner lives in one side and rents out the other side for $635/month. Owner pays water, sewer, trash, and lawn. Seperate gas and electric meters. Two furnaces, and two water heaters. AC in the buidling is currently not working, but it is installed. Main unit has kitchen that has been recently updated. Home has PEX plumbing and recent roof, gutters and downspouts due to hail claim. Property to be sold as-is.

219 W Locust, Shelbyville

Listing courtesy of Runnebohm Realty, LLC.

$234,900
4 Beds ⋅ 3 Baths
Spacious 4 bedroom home in popular Central Park. This property has been refreshed with new flooring, paint and various fixtures. Open floor plan on main level has enormous living space, paired with sitting room/office and tied into kitchen with island. All new LVP flooring on main level. 4 large bedrooms upstairs with two full baths and laundry/mechanical room. Back yard is private and no neighbors behind! Come see today!

916 Belvedere Drive, Shelbyville

Listing courtesy of Realty Wealth Advisors.

$199,000
A small town historical building with a lot of potential. The store everyone knows as "Mr. T's". This building has been a local store for many many many years. It was the only grocery store in town until a couple of years ago, it has also sold pizza, had a cold cut meat department, and many other things over the years. But, it's always been known by the locals as "Mr. T's".

109 W Washington Street, Fairland

Listing courtesy of Your Realty Link, LLC.

$255,000
3 Beds ⋅ 3 Baths
Welcome Home to this spacious and well maintained 3-bedroom, 3-bathroom brick ranch with 3/4 of an acre! This home has been updated in the kitchen area, has a handicap accessible hall bathroom and so much storage space. The primary suite has a beautiful, updated bathroom and huge bedroom with a his and hers walk-in closet. Sit on your front porch and enjoy your coffee in the morning and then entertain from your large fenced in backyard at night. Conveniently located and close to everything! Don't wait to see this beauty!

2016 S Riley, Shelbyville

Listing courtesy of My Agent.

$323,999
4 Beds ⋅ 3 Baths
What's Special: Flex Room | No Rear Neighbors | Backs to Open Space | Mud Room. New Construction - August Completion! Built by Taylor Morrison America's Most Trusted Home Builder. Welcome to the Simplicity 2868 at 1854 Twelve Oaks Drive in Twelve Oaks! This spacious layout welcomes you with a bright foyer, a front flex room, and a formal dining area that gives you room to entertain or create a space that fits your lifestyle. The kitchen features a center island, pantry, and seamless flow into the dining area and great room, creating a connected space that feels open and inviting with easy access to the patio. Upstairs, your primary suite offers a private retreat with a large walk-in closet, a spa-inspired bath with dual sinks and a walk-in shower, and a dedicated retreat space that gives you even more room to relax and unwind. Three additional bedrooms share a nearby full bath, while a loft adds extra space for everyday living. A conveniently located laundry room, main level powder bath, and two-car garage complete this functional and thoughtfully designed home. Imagine living in a place that feels like your favorite road trip song. Shelbyville delivers true Midwest charm with a revitalized downtown full of boutiques, local eats, and live performances at the historic Strand Theater. Enjoy parks and trails, or explore Blue River Memorial Park, plus thrift finds at Me and My Sisters and history at The Grover Museum. Additional Highlights Include: tile wall shower with shelf at primary bath, 12x12 uncovered patio, gas line in kitchen, and water softener rough-in. Photos are for representative purposes only. MLS#22107708

1854 Twelve Oaks Drive, Shelbyville

Listing courtesy of Pyatt Builders, LLC.

$460,000
4 Beds ⋅ 3 Baths
Discover the allure of country living at 2513 W 300 S, Shelbyville, IN. This inviting single-family stone ranch, built in 1958, offers a generous living space and is ready for you to move in. This updated ranch-style home features 4 large bedrooms, providing ample private retreats. With recently remodeled 2.5 bathrooms, daily routines are effortlessly accommodated. Enjoy the openness of the kitchen and family room for all of your gatherings. The convenience of a single-story layout enhances the flow and accessibility of the entire home. Wonderful closet and storage space. Set on a substantial 3+ acres, this property offers considerable outdoor space for various activities. An attached garage provides secure parking and additional storage. This property also offers a large versatile barn with a loft. There is also a pond on the property. So much to offer. New (2024) 5 finger septic system and a perimeter drain offer peace of mind. Explore the possibilities of making this delightful property your own. This home is located in the Shelbyville School District but also very close to the Southwestern School District. New barn roof 6/2026.

2513 W 300 S, Shelbyville

Listing courtesy of The Stewart Home Group.

$230,000
3 Beds ⋅ 2 Baths
Welcome to a lifestyle of comfort, convenience, and effortless living in this low-maintenance condo. Offering 3 generously sized bedrooms and 2 full bathrooms, this home provides the perfect blend of space and simplicity. Step inside to discover an inviting open-concept layout designed for both everyday living and entertaining. The thoughtfully designed floor plan offers an abundance of storage throughout, ensuring everything has its place while keeping your living spaces organized and clutter-free. One of the home's most cherished features is the beautiful sunroom-a bright and versatile retreat where you can enjoy your morning coffee, unwind with a good book, nurture your favorite plants, or simply soak in the natural light year-round. Beyond your front door, an active and welcoming community awaits. Spend warm summer days relaxing by the community pool, challenge friends to a match on the tennis or pickleball courts, or enjoy peaceful strolls along the walking trails. With exterior maintenance handled for you, you'll have more time to embrace the lifestyle you've been dreaming of and less time worrying about upkeep. Whether you're looking to downsize without sacrificing space, simplify your daily routine, or enjoy an amenity-rich community, this exceptional condo offers the perfect place to call home. More than just a home, it's a lifestyle designed to be enjoyed. Come see what easy living can look like.

2392 Steeple Chase, Shelbyville

Listing courtesy of Runnebohm Realty, LLC.

$450,000
Well located commercial building on E Hendricks St offering strong visibility and easy access. Situated on .98 acre, this is a unique opportunity to own on of Shelbyville's few remaining Industrial lots. This parcel features a new, gated security fence ideal for automotive impound or similar use. A 42' x 24' structure offers a flexible layout suitable for office, retail, or service based operations. Situated on .98 acre, it features dedicated parking, street front exposure, and existing utility infrastructure. Positioned minutes from Downtown Shelbyville with quick access to SR9 and I74. Ideal for professional services, boutique retail, or small business use. Buyer to verify zoning and permitted uses.

533-535 E Hendricks, Shelbyville

Listing courtesy of eXp Realty LLC.

$155,900
3 Beds ⋅ 2 Baths
Step right up to 438 Colescott ST in SHELBYVILLE, IN, where a delightful 1930 bungalow, spanning 1271 square feet, is ready to welcome its next adventure! This charming single-family residence isn't just a house; it's an inviting home just waiting for your personal touch and playful spirit. The heart of this home, the kitchen, is a chef's playground, boasting lots of counter space for your next culinary expedition. Imagine your mornings, brewing coffee as the sun spills in, or your evenings, creating gourmet feasts with ease. With three cozy bedrooms and two full bathrooms spread across two stories, there's plenty of space for everyone to spread out and get comfortable. And let's not forget the delightful porch, the perfect spot for sipping lemonade, telling tall tales, or simply watching the world go by. So, if you're looking for a home with character and a whole lot of fun, don't delay - come see this playful bungalow today! HVAC and Roof are only 7 years old.

438 Colescott Street, Shelbyville

Listing courtesy of RE/MAX Advanced Realty.

$174,900
4 Beds ⋅ 2 Baths
Welcome to 1002 S Noble St in Shelbyville, a charming home situated on a desirable corner lot offering added yard space and curb appeal. Inside, you'll find the warmth and character of hardwood floors throughout most of the home, with the exception of the 4th bedroom, providing a timeless look and easy maintenance. The flexible floor plan offers plenty of space for a variety of living arrangements, while large windows bring in natural light throughout. Conveniently located near local shopping, dining, parks, and major roadways, this property combines character, functionality, and location.

1002 S Noble Street, Shelbyville

Listing courtesy of RE/MAX Real Estate Prof.

$189,900
3 Beds ⋅ 2 Baths
Completed Reimagined 3 Bed/2 Full Bath in Perfect Shelbyville Location! New Roof, Newer Windows, New Kitchen w/ Custom Cabinets, Stainless Steel Appliances, New Lighting & Plumbing Fixtures. All New Flooring Throughout & Easily Accessible First Floor Laundry Room. Owner's Bath w/ Shower Stall & Updated Vanity. This Home has been Updated & Is Move In Ready! Rear Parking Area, Great Shelbyville Location & Easy Access to Interstate, Shopping & More! Check this one out today!

150 E Pennsylvania Street, Shelbyville

Listing courtesy of Compass Indiana, LLC.

$189,900
2 Beds ⋅ 1 Baths
Lovely bungalow in Waldron on a corner lot with tons of upgrades. New flooring throughout, vinyl siding, countertops, bathroom, lighting, to name a few. 2 bedrooms, 1 bath w/laundry. Raised ceilings, very cute house. Don't miss seeing this one! 1 car detached garage.

206 W Walnut Street, Waldron

Listing courtesy of The Property Shop of Indiana.

$260,000
3 Beds ⋅ 2 Baths
Welcome to this spacious Shelbyville home offering over half an acre, a fully fenced backyard, generous living space, and a standout oversized detached garage/workshop. Inside, the home features a large kitchen and dining area with plenty of room for everyday living, hosting, and gathering. The oversized great room/living room addition gives the home a much more open and comfortable feel, creating a flexible central space to relax or entertain. Outside, the property offers an attached garage plus a 28' x 24' detached garage/workshop with concrete floor and electric- ideal for storage, hobbies, tools, equipment, or a dedicated workspace. The fully fenced backyard adds even more usability! Located 5 minutes from downtown Shelbyville, this property gives you a comfortable country-style setting while still keeping you close to town, local shops, restaurants, and everyday conveniences. With space inside and out, this home offers a great opportunity for a buyer looking for functionality, storage, and room to make it their own.

3465 W Smithland Freedom Street, Shelbyville

Listing courtesy of eXp Realty, LLC.

$2,800,000
Downtown Shelbyville Value-Add Investment Opportunity. Three mixed-use commercial buildings are available for acquisition in downtown Shelbyville, Indiana, offering investors a compelling opportunity to renovate, lease, stabilize and resell at a significantly higher valuation. The portfolio includes a mix of apartments, office space and retail space, creating multiple income streams once stabilized. The properties require substantial construction and lease-up, but the offering has been structured to account for that work. The total sale price of $2.8 million, inclusive of the current construction budget needed to complete improvements and bring the vacant spaces to lease-ready condition. At full occupancy, the properties are projected to generate approximately $400,000 in annual NOI, representing a projected 14.28% yield on cost. As the vacant spaces are improved and leased, the portfolio has the potential to increase materially in value. Once fully stabilized, the asset could support an estimated resale value of $5.0 million to $5.7 million, assuming a market cap rate of 7% to 8%. This a strong value-add opportunity for an investor seeking downtown mixed-use real estate with clear upside through construction completion, lease-up and income growth.

29 Public Square, Shelbyville

Listing courtesy of Carpenter, REALTORS®.

$299,000
3 Beds ⋅ 2 Baths
Historic Charm Meets Modern Comfort! Step back in time and fall in love with this stunning historic home, located just a few blocks from Shelbyville's recently revitalized downtown district. Built in 1904, this one-of-a-kind property is filled with timeless character, craftsmanship, and architectural details that are hard to find today. From the grand tall doors and doorways to the elegant pocket doors and beautiful custom woodwork throughout, every room reflects the home's rich history and charm. The spacious layout offers plenty of room for everyday living and entertaining, while the finished third floor provides endless possibilities for a home office, playroom, guest suite, hobby room, or additional living space. Thoughtfully updated bathrooms in 2019 and 2021 blend modern convenience with historic appeal. You'll also appreciate the abundance of storage throughout the home, along with a detached 2-car garage and an additional storage shed to accommodate all your needs. Enjoy the convenience of being within walking distance of downtown Shelbyville's shops, restaurants, and local attractions. Take an easy stroll to grab a drink at the local boba shop, browse the unique downtown stores, or spend an afternoon at the library-all just minutes from your front door. If you've been searching for a home that offers character, space, history, and an unbeatable location, this historic gem is one you won't want to miss!

330 W Broadway Street, Shelbyville

Listing courtesy of RE/MAX Realty Group.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative