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29 Public Square, Shelbyville
$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 Claudia Heidelberger. Carpenter, REALTORS®

3917 N 525  W, Fairland
$1,950,000
6 Beds ⋅ 5 Baths
Stunning 10 Acre Estate on Snail Creek in Fairland, IN. Located 35 minutes from downtown Indianapolis. Discover unparalleled luxury and tranquility in this estate located over 1/4 mile off the county road. Perfectly blending modern amenities with natural beauty for an exceptional retreat for those seeking both comfort and adventure. Property features a beautifully landscaped lawn and lush woods offering privacy and natural beauty. Spacious living with over 10,000 square feet of living space with six bedrooms, four full baths, two 1/2 baths, two laundry rooms and mud room off of the main floor garage. The home office and sunroom on the main floor add versatility and comfort to the living space. The large gourmet kitchen with a walk in pantry provides ample space for cooking and storage. The home theater, indoor racquetball room and a basement recreation area are perfect for gatherings and entertaining. For outside activities you can enjoy a basketball court and tennis court. There are two play cabins with lofts and a fenced backyard with a redwood playground for children to play outdoors safely. There are two storage rooms, a seven car garage and heated garage area. Enjoy the warmth of three fireplaces, a wraparound porch and covered back porch for relaxation and enjoying the views. The home was recently updated with new geothermal furnaces, new roof and new water heater. The property also has walking trails and scenic views including a small apple orchard. This property is a rare find offering a unique combination of luxury, functionality and natural beauty in a picturesque setting. Whether you're looking for a serene escape or an entertainer's paradise, this estate has it all. (Additional acreage is available for purchase.)

3917 N 525 W, Fairland

Listing courtesy of Mark Miller. Vintage Realty, Inc.

1202 E State Road 44, Shelbyville
$1,825,000
Position your development in the center of one of Central Indiana's fastest-growing commercial corridors at 1202 E State Road 44 in Shelbyville. This highly visible development opportunity sits along Shelbyville's primary retail artery, strategically located near Interstate 74 with direct access to the expanding Indianapolis metro corridor. State Road 44 serves as the commercial backbone of the community, carrying traffic from Shelby County and surrounding southeastern Indiana markets directly through Shelbyville's dominant retail district. The property benefits from exceptional exposure with traffic counts exceeding approximately 20,000 vehicles per day along State Road 44 and more than 40,000 vehicles per day on nearby I-74, creating outstanding visibility and accessibility for future retail, mixed-use, hospitality, industrial, or commercial development. Shelbyville continues to experience significant residential, industrial, and commercial growth as development expands southeast from Indianapolis. Major investments throughout the corridor include new retail centers, national brands, logistics expansion, housing developments, and large-scale technology infrastructure projects that are transforming the area into a major regional growth hub. The city has become the primary retail and service destination for Shelby County and neighboring communities, drawing consumers, businesses, and workforce traffic from across the region. Surrounding national retailers and commercial anchors along the SR 44 corridor include Walmart, Aldi, Rural King, Kroger, Wawa, restaurants, hotels, and numerous service providers, reinforcing Shelbyville's position as the retail center of southeastern Central Indiana. With strong demographics, expanding infrastructure, growing rooftops, and continued economic investment, 1202 E State Road 44 offers developers and investors the opportunity to capitalize on one of Indiana's emerging commercial corridors.

1202 E State Road 44, Shelbyville

Listing courtesy of Annie Scott. F.C. Tucker Company

1375 N 800  E, Manilla
$929,000
4 Beds ⋅ 5 Baths
Escape to your own private retreat with this stunning log cabin nestled on nearly 10 wooded acres, offering the perfect blend of rustic charm, privacy, and versatility. Surrounded by mature trees and peaceful natural scenery, this one-of-a-kind property is ideal for those seeking a secluded lifestyle without sacrificing convenience. The home features the timeless warmth and character of a true log cabin, while the expansive property provides endless opportunities for recreation, outdoor entertaining, or simply enjoying the beauty of nature. Car enthusiasts, hobbyists, and those needing extra storage will appreciate the attached 3-car garage, along with an impressive pole barn complete with a fully equipped apartment featuring its own kitchen and full bath. Whether used as a guest suite, private living quarters for extended family, rental opportunity, or home office, this flexible space adds incredible value and functionality. With nearly 10 acres of wooded land to explore, abundant privacy, and exceptional outbuildings, this unique property offers a rare opportunity to own your own peaceful country sanctuary. Don't miss your chance to experience the serenity and endless possibilities this remarkable property has to offer!

1375 N 800 E, Manilla

Listing courtesy of Justin Graham. Epique Inc

2903 S 800  E, Waldron
$885,000
4 Beds ⋅ 3 Baths
Set against a stunning, serene 8-acre wooded backdrop with a creek on the property, this brick home is a rare find that seamlessly blends traditional charm and character with incredible modern flexibility. The option to purchase an additional 21.89 adjacent acres is also available! Updates include a new roof and newer windows, along with serviced HVAC mechanicals, baseboard heating, and a NATURAL GAS WELL HEATS THE HOME. Step inside to find gleaming hardwood floors, plush new carpets, and generously sized living, dining, and family rooms that are perfect for entertaining. The kitchen offers new cabinetry, countertops, backsplash, and appliances along with a convenient pantry and flows easily into the main living areas. Cozy up by one of the home's two beautiful fireplaces-one anchoring the inviting family room, and an additional in the expansive basement, which also provides fantastic storage space. A true standout feature is the thoughtful 2010 addition. Connected via a versatile den/office, this wing serves as an exceptional main-level primary suite or the ideal in-law quarters. It features a huge walk-in closet, separate private entrances to both the front and back of the home, and a large en-suite full bathroom equipped with its own second washer and dryer setup. (The home also features a separate, large primary laundry room!) Upstairs, the classic charm continues with unique hardwood flooring beautifully preserved in all the upstairs bedrooms. Outside, the serene, wooded setting offers ultimate privacy, complete with two well-maintained outbuildings (56'x41' and 50'x38') ready for your animals, hobbies, workshop, or equipment storage. Despite the absolute tranquility, you are perfectly positioned just 2 miles from I-74, offering a quick 15-minute drive to Shelbyville and a seamless 45-minute commute to downtown Indianapolis. Don't miss this rare blend of acreage, outdoor activities, and option for multi-generational living!

2903 S 800 E, Waldron

Listing courtesy of Jill Turner. Carpenter, REALTORS®

4450 W 300  N, Fairland
$859,999
4 Beds ⋅ 3 Baths
A true 2 for 1 opportunity this market simply does not produce anymore: 2 complete single family homes plus a substantial barn on 5.47 private acres in Fairland. Opportunities like this are gone in a heartbeat, and once it sells, there is no finding another. The custom built main residence delivers 6,595 square feet of living space designed to impress from the moment you walk in. A dramatic 2 story great room with soaring vaulted ceilings, rich hardwood floors, and oversized windows flooding the home with natural light sets the tone, while the flowing layout moves effortlessly between grand entertaining and comfortable everyday living. The kitchen features an island, pantry, and eat in dining, with a formal dining room steps away ready for holidays and celebrations. A dedicated home office keeps work separate from life, and upstairs, a sprawling loft flexes to fit your needs as a media room, playroom, or second living area. The primary suite is a genuine retreat, complete with a garden tub, walk in shower, double sinks, and a walk in closet. Geothermal heating and cooling keeps utility costs remarkably low for a home of this size, and the 3 car attached garage, private well, and septic complete the package. Then comes the game changer. The second residence is a fully separate and beautifully updated 3 bedroom, 2 bath home of approximately 2,000 square feet, perfect for rental income, multigenerational living, aging parents, adult children, or a private guest house. Accessible door features make it especially well suited for family members of every age and stage. Rental income from this home can help the property pay for itself from day 1. Very few properties anywhere offer a true second house, not an apartment, not a bonus room, but a complete standalone home. The 32x64 barn is a serious asset in its own right, with a 15 foot lean to on 3 sides, a 16 foot wide by 16 foot high door built to swallow RVs, boats, and full size equipment, and 18 feet of inter

4450 W 300 N, Fairland

Listing courtesy of Lora Reynolds. Epique Inc

4122 N 500  E, Shelbyville
$749,000
4 Beds ⋅ 3 Baths
Escape to your own private country sanctuary with this beautifully renovated, log-cabin-style home. Nestled on three picturesque acres of mature trees, rolling pasture, and a tranquil creek winding through the backyard, this property offers the ultimate blend of peaceful rural living and sophisticated modern comfort. Step inside to a breathtaking great room featuring soaring cathedral ceilings, rustic wood beams, and a cozy fireplace-the perfect centerpiece for gathering. The heart of the home is a fully updated gourmet kitchen, beautifully appointed with new premium cabinetry, sleek finishes, and top-of-the-line design. A private office space offers the ideal setup for remote work or a quiet retreat. Designed for versatile living, the layout features a coveted primary suite on the main level. With 4 spacious bedrooms total (two upstairs and two on the lower levels) and a partial basement. Unwind or entertain on the massive, brand-new, near-total wrap-around deck, where you can soak in stunning, unobstructed scenic views of your acreage. Complete with a detached 2-car garage and an attached carport, this masterfully updated cabin is a rare country gem waiting for its next chapter!

4122 N 500 E, Shelbyville

Listing courtesy of Jill Turner. Carpenter, REALTORS®

7944 S Pr 435  W, Edinburgh
$697,900
Discover the perfect blend of peace, privacy, and possibility with this beautiful 6.65-acre parcel of vacant land nestled in the countryside. This scenic property features a charming pond that adds both natural beauty and a tranquil setting-perfect for relaxing, fishing, or simply enjoying the view. With plenty of open space and room to roam, it's an ideal spot to build your dream home, create a weekend getaway, or invest in a slice of rural paradise. Surrounded by nature and offering endless potential, this property is ready for your vision to come to life. Presented by Joyner Homes, this proposed build is on a beautiful 6.65-acre homesite. Offering 2,167 square feet on the main level, this thoughtfully designed home truly feels like a dream come true. The designer kitchen includes quartz countertops, a walk-in pantry, stove, range hood, and dishwasher, and opens to an entertainment-worthy great room with elevated ceilings and an optional cozy fireplace. The home also features a dedicated home office, a luxurious main-level primary suite with a walk-in closet and double sinks, and spacious secondary bedrooms. Additional highlights include a mudroom with built-in cubbies and options for a 3-car garage, screened porch, patio, or veranda to enhance your indoor and outdoor living space. Imagine the possibilities! **Land is available for purchase independently of the proposed construction project. Currently listed at $215,000.00.**

7944 S Pr 435 W, Edinburgh

Listing courtesy of Amanda Cuautle. Hometown Pro Realty LLC

1007 N Riley Highway, Shelbyville
$696,900
Near downtown Shelbyville, this prime opportunity for Business Highway development with high traffic count of 16,678 now available. A recorded staked survey is on file for this 1 acre level lot that is ready for your next project with public utilities nearby. Additional acreage may be available and is in the process of being platted. Great opportunity awaits for you to build in the BH Business Highway District in an area for establishments that serve travelers or requires immediate access for delivery of goods and services. Consider becoming a neighbor to well known eateries, lodging and convenience businesses in a great exposure location. Nearby access to I-74 for travel to and from this location and located for easy access to industry for deliveries. Utilities are nearby. The extensive list of permitted uses is available upon request. Among BH zoning includes: Auto-oriented uses, bank/financial, drive-up/drive-thru facility, hotel/motel, office, personal services, restaurant, retail, medical, multi-family, as well as some special exception uses.

1007 N Riley Highway, Shelbyville

Listing courtesy of Linda D West. Carpenter, REALTORS®

5599 N Brandywine Road, Shelbyville
$675,000
4 Beds ⋅ 3 Baths
A little bit of Brown County in your own backyard! Mature trees, a wooded setting and the changing colors of fall create a beautiful backdrop for this 3.27-acre country property. Imagine enjoying the sights and sounds of nature from your own backyard, with plenty of room to relax, entertain and enjoy the outdoors. And there's more than just scenery! This 4-bedroom home offers over 3,300 square feet of living space, a main-level primary suite, generous storage and a covered breezeway with a Margarita Bar-style entertaining area. Located in the Triton Central School District with no subdivision restrictions, it's an opportunity to enjoy the beauty of country living without the upkeep of a much larger property.

5599 N Brandywine Road, Shelbyville

Listing courtesy of Debbie Halcomb. Keller Williams Indy Metro Partners

3141 N 425  W, Fairland
$670,000
4 Beds ⋅ 3 Baths
Welcome to this beautifully maintained 4 bedroom, 2.5 bathroom home offering just over 3,000 square feet of comfortable and thoughtfully updated living space on 2.12 peaceful acres. Located in a desirable area known for its excellent school systems, this property offers the perfect blend of privacy, functionality, and modern convenience. Inside, you'll find spacious living areas, large bedrooms, and numerous updates throughout. Recent improvements include a newer roof, gutters, and downspouts on all structures, updated HVAC systems, an updated second bathroom, new bedroom carpeting, and updated electrical outlets and switches. Additional features include can lighting both inside and outside, a skylight, and a beautifully maintained interior that makes this home move in ready!! The kitchen is equipped with updated appliances, including a refrigerator and dishwasher, while the home's water systems have been thoughtfully upgraded with a new water heater, water softener, reverse osmosis system, and whole house water treatment system! Outside, the property continues to impress with an attached two car garage plus an additional detached two car garage. The detached garage features a full bathroom and finished living space upstairs, offering endless possibilities for a home office, guest quarters, hobby space, entertainment area, or additional storage. Set on over two acres of tranquil land, this property provides plenty of room to enjoy the outdoors while maintaining convenient access to nearby amenities and schools. If you're searching for a spacious, well maintained home with extensive updates, multiple garage spaces, and the peace and privacy of acreage, this property should definitely be on your radar!!

3141 N 425 W, Fairland

Listing courtesy of Andrew Walker. RE/MAX Acclaimed Properties

1701 Culbertson, Shelbyville
$630,000
4 Beds ⋅ 4 Baths
THIS IS IT!! You're once in a lifetime chance to own a home on a lake with the best view in Shelbyville. Watch the sun set on the lake and wind down from your stress, you will feel like you're not in Indiana. This beautiful Tudor architecure has more charm than than you can imagine with stained glass,cute little insets,beautiful woodwork and all the things that make this style of home so desireable. The patio is large and inviting with a pergola and beautiful cast iron furniture, and of course the heated salt-water pool which is more econnomical than a chlorine pool and healthier. The house is surrounded by gorgeous perennial flowers encasing the patio and perimeter of the property. The boat dock was recently extended and a sea wall $$ was built 3-4 yrs. ago. Updates incld: subway tile in kitchen, wood floor in entry and kitchen,both bathroom showers & paint,garage remotes and belt drive for doors, wood for the stairway is in garage, it currently has carpet. There's a projector and screen in the rec room in basement plus pool table/pin pong table to convey with property. The basement has secondary baseboard heat if needed. The walk-out basement leads to the beautiful patio for easy access to the natural gas grill,lake and pool. It's very private with trees and greenery. You really have to see it to believe it! HOA fee is only $100 per year for stocking fish and taking care of the lake!!

1701 Culbertson, Shelbyville

Listing courtesy of Judy Lauziere. Carpenter, REALTORS®

1409 S 750  W, Shelbyville
$614,900
6 Beds ⋅ 5 Baths
Exceptional Luxury Living on 1.24 Acres in Shelbyville, Indiana! Experience the grandeur and possibilities of this impressive 6,394-square-foot brick residence, offering an extraordinary amount of space, timeless curb appeal, and a private setting on 1.24 acres. The classic brick exterior is complemented by elegant walkout porches at both the front and rear of the home, creating inviting spaces to enjoy the surrounding property and unwind in style. Inside, the expansive layout offers endless possibilities for refined living and entertaining, highlighted by an incredible recreation room boasting nearly 1,000 square feet - an ideal setting for hosting guests, designing a private entertainment lounge, or creating the ultimate luxury retreat. Additional features include an attached garage, an oversized driveway with ample parking, and a separate workshop offering exceptional versatility for hobbies, projects, or additional storage. With its substantial square footage, distinguished brick construction, generous acreage, and remarkable entertaining potential, this Shelbyville property presents a rare opportunity to enjoy spacious living with room to personalize and elevate every space. Discover the possibilities of this impressive estate and make it your own!

1409 S 750 W, Shelbyville

Listing courtesy of Brennon Caesar. Better Homes and Gardens Real Estate Gold Key

10514 N State Road 9  N, Fountaintown
$600,000
3 Beds ⋅ 3 Baths
Just Listed!! Updated 3-bedroom, 2.5-bath ranch on 5 acres, offering over 4,000 square feet, with the potential for 4 or even 5 bedrooms. Enjoy country living in a home that blends modern, eclectic style with farmhouse design. The open-concept interior features black cable railing, luxury vinyl plank flooring, flat ceilings, 5-panel hardwood doors, barn-style doors, wide-plank baseboards, and wainscoting in the entry and living spaces. The updated kitchen features granite countertops accented with shiplap siding. All appliances are included. Geothermal heating and cooling provides efficient year-round comfort. Large windows from inside the home provide views of the above-ground pool and surrounding pasture, bringing the outdoor setting into the living spaces. The full-size basement offers large flex spaces with potential for additional bedrooms. Recent basement waterproofing in 2026 includes a transferable warranty to the buyer. THE BARN IS A STANDOUT FEATURE! The 32' x 40' two-story barn/workshop offers exceptional versatility and space. Constructed with concrete block and stone, concrete floor, separate 200-amp electrical service, and 12-foot ceilings on both levels, is built for functionality. The main level provides ample room for parking, storage, equipment, or livestock, while the second level features a heated workshop. Additional features include floor and ceiling truss construction, a utility elevator, and dedicated 20-amp breaker for an optional RV hookup. Additional updates include remodeled bathrooms, primary bath with a walk-in shower, newly asphalted driveway, landscaping, mature trees, metal roof, Anderson front door, storm door and vinyl windows. The fenced yard features an above-ground pool, hot tub with a with a two-tiered wrap-around deck and railing. A partial second fenced area is available for livestock. Schedule your showing today and experience the country lifestyle this property offers.

10514 N State Road 9 N, Fountaintown

Listing courtesy of Michelle Highers. Home Bound Real Estate LLC

11005 N 250  E, Morristown
$599,900
4 Beds ⋅ 3 Baths
Come take a look at this 1.75-acre peaceful country retreat offering unmatched flexibility for living, working, and entertaining! This low-maintenance brick ranch provides true peace of mind with brand-new Andersen windows, a 5-year-old roof, and a furnace and A/C replaced just 6 years ago. Step inside to a light-filled sunroom at the front of the home, which is a truly versatile four-season space. Durable vinyl plank flooring flows through the main living areas into the open-concept dining space and great room, highlighted by vaulted ceilings and a floor-to-ceiling brick fireplace. The kitchen impresses with abundant cabinetry, expansive granite countertops, a gas range, stainless steel appliances, and an attached pantry area. The floor plan provides four generous bedrooms, highlighted by two bedrooms featuring their own private en-suite full baths, while the remaining two bedrooms share a full bathroom. Sliding patio doors from both the great room and the primary retreat open onto a large concrete patio complete with multiple seating areas and a pool. The large yard also features a small wire-fenced pasture enclosure with shelter for small animals. The ultimate bonus is the massive, heated pole barn! Fully outfitted with its own furnace, separate electric meter, concrete floors, full kitchen, and full bathroom, it serves as the ultimate pool house, guest quarters, hobbyist workshop, or business storage. A rare country find with low maintenance and endless possibilities!

11005 N 250 E, Morristown

Listing courtesy of Darlene Hayden. F.C. Tucker Company

7554 E State Road 44, Shelbyville
$549,500
4 Beds ⋅ 3 Baths
Custom Built 1998 - 4,190+/- sq ft above grade plus full finished basement - total structure 5,730+/- sq ft. 4 bedrooms, 2.5 baths plus walk-in shower in laundry room. Two fireplaces. Hand-carved wood mantle. Hand-crafted woodwork throughout including staircase, trim, and treads. Kitchen with electric cooktop, GE double ovens, dishwasher, and refrigerator. Formal dining room. Hexagonal eat-in nook. Primary bedroom on main level. Hardwood floors throughout main level. Finished and insulated 2-car attached garage 24x34+/-. Second level includes 3 bedrooms & full bath. Full finished basement with fireplace and sewing room. Secure safe room. Two complete HVAC systems. Two LP gas furnaces. LP gas whole-home generator. 38x67 pole barn with 200-amp panel and enclosed lean-to. 8x8 storage shed. Back paver patio. Concrete front porch. 10.29+/- acres - approximately 8+/- acres tillable. Agricultural zoning.

7554 E State Road 44, Shelbyville

Listing courtesy of Jimmy Giordano. Gio Auctions, LLC

940 W 1090  N, Fountaintown
$500,000
4 Beds ⋅ 4 Baths
Don't wait for this opportunity to disappear-this stunning 4.25-acre lot currently features an existing pole barn and offers a prime second option to build your dream home with Davis Homes. This proposed Traditions Collection residence features over 3,000 square feet of living area with 4 bedrooms and 3.5 baths, complemented by a 3-car garage and a versatile barndo studio with additional oversized garage space. The home is designed with high-end finishes, including 9' first-floor ceilings , LED disk lighting , and a designer kitchen boasting stylish granite countertops , Aristokraft hardwood cabinets , and a full stainless steel appliance package. Modern comfort is found in every corner, from the primary bath's tile shower and quartz vanity tops to the premium LVP flooring and plush carpeting. While the provided photos show a similar home for reference, you have the flexibility to choose a different elevation or even add a poured basement. This build prioritizes energy efficiency with Low-E Argon insulated glass , a high-efficiency heat pump , and rigorous third-party energy inspections. Situated on a lot with city gas, a private well, and septic, this not-yet-built home can be customized just for you.

940 W 1090 N, Fountaintown

Listing courtesy of Lorena Myers. Keller Williams Indy Metro Partners

2438 Winners Circle, Shelbyville
$499,900
5 Beds ⋅ 3 Baths
Beautifully reimagined and impecably updated, this residence offers a blend of contemporary design, elevated finishes, and effortless everyday living. A redesigned main-level floor plan creates an inviting sense of openness while strategically placed glass-paneled exterior doors welcome natural light throughout the home. Interiors have been transformed with wide-plank LifeCore Allegra Premier 7.5-inch Maple flooring, crisp white architectural large trim, fresh designer paint, updated lighting, and modern finishes. A dramatic floating staircase adds an architectural element, creating a true statement as you enter and move through the home. The two story valuted great room has been elegantly reimagined with a streamlined aesthetic, featuring a sleek linear ventless fireplace. The adjacent entertaining area is equally impressive, offering a sophisticated coffee and cocktail bar, marble countertop, and beautifully integrated butler-butler-pantry-style storage, shelving and hidden laundry cabinets. The private primary suite provides a redesigned bedroom and beautifully appointed spa-inspired bath showcasing a deep freestanding Kohler soaking tub, seperate tiled shower, designer vanity, marble countertop, contemporary plumbing fixtures, elegant wall sconces, and layered overhead lighting. New closet doors and sophisticated hardware throughout the home continue the cohesive, elevated aesthetic. A discreetly designed laundry cabinet with soft-close doors provides exceptional functionality complete with a high-efficiency washer/ dryer. Frosted-glass interior doors add another layer of contemporary style. The main-level powder room has been refreshed with a new vanity, toliet, backlit mirror, and fixtures. Adiitionally completed is the new upper HVAC system, landscaping, decorating, lighting, hardware, appliances and more. There is additonal unfinshed room on second floor. Close to shopping, resturants, trails, golf, and YMCA. Minutes from Indianapolis and Cincinnati.

2438 Winners Circle, Shelbyville

Listing courtesy of Melissa Freeman. Berkshire Hathaway Home

12 S Harrison Street, Shelbyville
$499,900
Prime investment opportunity in the heart of Downtown Shelbyville! Be a part of Shelbyville's Next Door Next Level post revitalization downtown. This offering includes two parcels with three fully leased storefronts along the revitalized brick streetscape, generating over $50,000 in annual income. The property also features 4,000+ sq ft of partially finished residential space on the second floor, offering outstanding value-add potential for lofts, short-term rentals, or office/studio conversions. High visibility, strong foot traffic, stable tenants, and flexible downtown commercial zoning make not only an easy decision to pull the trigger on if you're itching for a deal, but also a fairly rare opportunity for investors seeking income today with great and substantial upside tomorrow. ------Traffic count 25,000 per 2024 INDOT. High downtown event visibility for active and eventful downtown. Active events at this property's doorstep: Taste of Shelby County, Mistletoe Market (Holiday vendor market), Music in the Park (seasonal live music), Holiday / Christmas Parade & Downtown Festivities ,Snowman Contest & Winter Activities, Movies in the Park / Downtown Movie Nights, Shelby County Farmers Market (near downtown corridor), First Friday or Special Downtown Shopping Events (Mainstreet Shelbyville promotions), Fall & Harvest-Themed Events, Downtown Trick-or-Treating / Halloween Activities, Small Business Saturday Events, Fourth of July & Summer Festival Activities (downtown-adjacent)

12 S Harrison Street, Shelbyville

Listing courtesy of Justin Polston. Mackenzie Allen, Polston & Ass

5311 E Michigan Road, Waldron
$485,000
4 Beds ⋅ 2 Baths
Discover a unique opportunity with this property. This distinguished 4 corner single-family residence, built in 1920, offers an expansive 3090 square feet of living space, presenting a canvas for a truly personalized lifestyle. This property provides a rare blend of historical character and generous proportions, set on a substantial 4.21 acre lot. The residence encompasses four well-proportioned bedrooms, providing ample private retreats for family and guests. With two full bathrooms, convenience and comfort are thoughtfully integrated into the home's design. Spanning 2.5 stories, this property offers a dynamic living experience with distinct levels for various activities and moments of repose. This multi-level layout contributes to the home's unique flow and potential for diverse living arrangements. Large barn with electric and concrete floors for storage or play. Smoke house is taking a walk back in history with its now unusable fireplace, and loft. AND, concrete pad basketball court. Embrace the potential of this exceptional property and envision your future within its welcoming embrace.

5311 E Michigan Road, Waldron

Listing courtesy of Connie Lindsay. Lindsay Real Estate

65 E Rampart Street, Shelbyville
$475,000
Near I-74 and State Road 9 at Shelbyville, this prime opportunity for Business Highway development with high traffic count is now available. This .97 acre level lot is ready for your next project with public utilities nearby. Great opportunity awaits for you to build in the BH Business Highway District in an area for establishments that serve travelers or requires immediate access for delivery of goods and services. Consider becoming a neighbor to well known eateries, lodging and convenience businesses in a great exposure location. Nearby access to I-74 for travel to and from this location and located for easy access to industry for deliveries. Utilities are nearby. The extensive list of permitted uses is available upon request. Among BH zoning includes: Auto-oriented uses, bank/financial, drive-up/drive-thru facility, hotel/motel, office, personal services, restaurant, retail, medical, multi-family, as well as some special exception uses.

65 E Rampart Street, Shelbyville

Listing courtesy of Linda D West. Carpenter, REALTORS®

316 Wood Street, Morristown
$450,000
Versatile industrial property offering 5,160 square feet of high-bay space with soaring 30-foot ceilings, set on 8.81 combined acres across three parcels with a fully fenced lot. Officially a single-story building per tax records, the shop includes a built-in upper office area - providing office space, a kitchen, and a bathroom that keep administrative and break functions cleanly separated from the production floor below. Built for heavy, hands-on use, the property is served by robust 360-amp electrical service, city water, and city sewer, with new water lines recently run to the building. The scale, ceiling height, and power capacity make this an ideal fit for manufacturing, metal or wood fabrication, a full-service wood shop, assembly, or warehousing and distribution. The clear footprint accommodates large equipment, material handling, and staging with room to spare. At 8.81 acres, the site offers substantial room to expand, add outbuildings, or stage materials and equipment outdoors. A portion of the acreage is wooded and rich with mature black walnut trees, with a creek running through it - a rare natural amenity that adds long-term value, privacy, and character. For a wood shop or fabricator, the standing walnut is a notable bonus. Whether you're relocating an established operation or launching a new venture, 316 Wood Street delivers the space, infrastructure, and acreage to build on.

316 Wood Street, Morristown

Listing courtesy of Brittany Stearman. Weichert REALTORS® Cooper Group Indy

533-535 E Hendricks, Shelbyville
$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 Ashton Wischmeier. eXp Realty LLC

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.


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