$574,900

12 S Harrison Street 12-16, 18, Shelbyville, IN 46176

  • 6,960 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon2,614sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $83/sqft
  • Property List Date Icon Listed 21 days ago

Property Description

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)

Listing Status:
Active
Listing Office:
Mackenzie Allen, Polston & Ass : 317-364-1106
Listing Agent:
Justin Polston : 317-364-1106
MLS ID:
22074405
  • Parking: On Street
  • Roofing: MembraneRubber
  • Road/Access: City Street
  • Originating MLS: mibor
  • School District: Shelbyville Central Schools
  • County: Shelby
  • Zoning: BG - Business GeneralOrig T Harrison Pt Lot 8 12 & 16 S Harrison St (Jewelry Store) (Former Hallmark Store)Dance Studio ***AND ORIG T HARRISON PT LOT 8 (COMM BLDG) 18 S HARRISON NOTES: CITY HAS ADDRESS AS 1216 ERRONEOUS731105100282000002
  • View: CityDowntownView
  • Current Use: RestaurantRetailVacant
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Source: mibor

This listing courtesy of Justin Polston, Mackenzie Allen, Polston & Ass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

G

Golden Bear Preschool

1115 E State Road 44, Shelbyville, IN, 46176

Grades PK-KG

0.90 miles away

S

Shelbyville Middle School

1200 W McKay Rd, Shelbyville, IN, 46176

Grades 6-8

1.52 miles away

S

Shelbyville Sr High School

2003 S Miller St, Shelbyville, IN, 46176

Grades 9-12

1.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.