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$249,000
3 Beds ⋅ 2 Baths
WELCOME HOME TO 2209 S MILLER AVENUE A CHARMING 1960 STONE RANCH NESTLED ON A LARGE .49 AC MATURE LOT * PERFECTLY SITUATED COUNTRY SETTING JUST MINUTES FROM DOWNTOWN SHELBYVILLE'S DINING, SHOPPING AND RECREATION * A WARM WELCOME AWAITS YOU IN THIS INVITING ONE STORY DESIGNED FOR EASY LIVING * PRIDE OF OWNERSHIP ABOUNDS * SPACIOUS FLOWING CIRCULAR FLOOR PLAN * 1355 SF 3-BED, 1.5 BATH * GLEAMING HARDWOOD FLOORS * 25X15 L/R FEATURES LARGE PICTURE WINDOW & RECESSED LIGHTING * BEAUTIFUL REMODELED KITCHEN WITH CUSTOM SHAKER STYLE WOOD CABINETS, HIGH DEFINITION FORMICA COUNTERS, S/S O/R ELEC & MICROHOOD * 3RD BEDROOM CURRENTLY BEING USED AS FAMILY ROOM * UPDATED BATHS * CONVENIENT LAUNDRY CLOSET OFF KITCHEN * ENJOY YOUR REAR PATIO & COZY EVENINGS GATHERED AROUND THE FIRE PIT UNDER THE STARS * BLACK CHAIN LINK FENCED SIDE YARD * 1+ CAR ATTACHED GARAGE W/NEWER O/H INSULATED DOOR & MEZZANINE STORAGE * 2026 EXT TRIM PAINTED * GUTTERS 3 YO * ONE LOOK AND YOU WILL WANT TO CALL THIS HOME!

2209 S Miller Avenue, Shelbyville

Listing courtesy of Ever Real Estate, LLC.

$319,000
5 Beds ⋅ 3 Baths
Finally, an affordable dream home! This is the Washington floorplan by Davis Homes which offers space and a flexible layout for today's living. It offers an open floorplan, first-floor flex space that can be used as a guest bedroom or office/study AND a full bath. The kitchen features quartz countertops, and is equipped with a pantry, a center island, and plenty of cabinet space, and is open to the dining nook and gathering room. Keep things neat and tidy with a foyer offering storage space. The second level features a primary suite with the walk-in closet of your dreams, and an ensuite bath with a double vanity, and shower and tub. All other bedrooms have walk-in closets and the icing on the cake is a loft space. This is a well-built, functional, and sharp-looking home in a neighborhood in the heart of Shelbyville and close to everything.

1010 Stratford Lane, Shelbyville

Listing courtesy of Highgarden Real Estate.

$259,558
3 Beds ⋅ 2 Baths
D.R. Horton, America's Builder, proudly presents the Aldridge plan - a thoughtfully designed single-story home offering three bedrooms and two bathrooms within an open-concept layout. This floor plan is crafted for modern living, combining low-maintenance features with contemporary style. The heart of the home includes a beautiful kitchen with quartz countertops, peninsula seating, and spacious pantry. The space is seamlessly connected to a generous dining area and cozy great room. The primary bedroom suite, situated at the front of the home, features a large walk-in closet and a private bathroom with a double vanity sink, creating a serene retreat. As an added highlight, the Aldridge plan includes an industry-leading smart home package, offering advanced technology for convenience, comfort, and security. Tour this model in Summerfield today! New Special Offer- Explore this floorplan at your own pace with our new self-guided tour option. Self-guided tours make it easy, just visit the address and follow the on-site instructions. Photos are representative of plan and may vary as built.

1317 Aster Drive, Shelbyville

Listing courtesy of DRH Realty of Indiana, LLC.

$338,600
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.

1333 Aster Drive, Shelbyville

Listing courtesy of DRH Realty of Indiana, LLC.

$325,000
5 Beds ⋅ 3 Baths
Discover the convenience of modern living at 1420 Honeysuckle DR, a newly constructed single-family residence in a highly desirable neighborhood. Built in 2022, this large 2600 square foot home offers an exceptional blend of comfort and contemporary design, promising an unparalleled lifestyle. Kitchen includes all appliances and granite tops. This two-story residence thoughtfully accommodates a variety of needs with its five well-proportioned bedrooms. The three full bathrooms are designed for convenience and ease, ensuring ample space for all. Set on a generous fenced in lot, this property provides a wonderful backdrop for everyday living and memorable gatherings. No close neighbors in backyard, and a short walk to the neighborhood playground. To truly appreciate the thoughtful design and inviting atmosphere of this remarkable property, we invite you to schedule a private viewing.

1420 Honeysuckle Drive, Shelbyville

Listing courtesy of Lindsay Real Estate.

$114,900
2 Beds ⋅ 1 Baths
This 2bedroom, 1bath home offers convenient access to schools, shopping, parks, and I74 for easy everyday living. A shared driveway leads to a spacious backyard, while the covered front porch provides a relaxing spot to unwind. Inside, you'll find a comfortable living room, a dining room with a cathedralstyle ceiling and breakfast bar, and a kitchen with appliances included. The washer and dryer also remain.

223 N Knightstown Road, Shelbyville

Listing courtesy of The Property Shop of Indiana.

$149,900
2 Beds ⋅ 1 Baths
Come see this charming bungalow on 4th Street. This 2bed, 1bath home offers a bright kitchen with a breakfast area and included appliances, a spacious living room, and a formal dining room. Enjoy a covered front porch, a back patio, offstreet parking, and a full unfinished basement for storage. A cozy, wellkept home with great everyday convenience.

106 4th Street, Shelbyville

Listing courtesy of The Property Shop of Indiana.

$139,900
2 Beds ⋅ 1 Baths
Welcome home to a bungalow that blends comfort , functionality, and outdoor appeal. Relax with your morning coffee on the covered front porch, complete with a classic flagpole & lots of flowers that add to the home's curb appeal. Inside, the kitchen offers a side by side refrigerator, a moveable island with a Corian countertop that provides flexible prep space & extra storage to fit your needs, a gas/range stove-oven & microwave all within easy reach. The home has two nicely sized bedrooms & a large bathroom. The living room has a built in shelf & a plate shelf running across the upper part of the wall for displaying your extra treasures. Dining Room is at the back of the house and has exterior door to the open patio. Step outside to enjoy the open back patio with pavers, ideal for grilling, entertaining or simply unwinding. The fully enclosed , privacy-fenced backyard offers a space for pets, gardening or play, while the storage barn provides space for lawn equipment, tools, & seasonal items. Home has water softener, washer & dryer all located in the laundry room & remain with the house. Whether you're a first time buyer, looking to downsize, or searching for an investment opportunity , this charming bungalow on it's one way street in Shelbyville is ready to welcome its next owner. Schedule your private showing today!

326 W Taylor Street, Shelbyville

Listing courtesy of Hoosier, REALTORS®.

$260,990
3 Beds ⋅ 3 Baths
Experience the comfort of a brand-new home at an exceptional value. This beautifully crafted Jefferson floorplan offers 3 bedrooms, 2.5 baths, and a smart, open layout designed for today's lifestyle. The exterior features low-maintenance brick and vinyl siding, combining durability with clean, classic curb appeal. Inside, the main level lives large with a seamless flow between the gathering room, kitchen, and dining nook that's perfect for entertaining or everyday living. The kitchen provides ample cabinetry and workspace, while the open sightlines make the entire space feel bright and connected. Upstairs, all three bedrooms include walk-in closets, giving you the storage you've been hoping for. The floorplan is thoughtfully designed to maximize every square foot, offering comfort, efficiency, and flexibility. Located in Shelbyville, IN, you'll enjoy the charm of a growing community known for its friendly atmosphere, historic downtown, local dining, parks, and easy access to Indianapolis. Shelbyville offers a blend of smalltown warmth and modern convenience, with new development, strong schools, and a welcoming environment for families, professionals, and anyone seeking a relaxed pace of living. This is a home to be proud of and one that's well built and functional. Your opportunity to own a brand-new home in Shelbyville awaits.

1018 Stratford Lane, Shelbyville

Listing courtesy of Highgarden Real Estate.

$170,000
3 Beds ⋅ 1 Baths
A short walk to beautiful and historic downtown Shelbyville, this cozy home offers hardwood flooring, large rooms with tall ceilings, detached garage, low maintenance yard, large mudroom, a kitchen with potential, and a detached garage in a beautiful area. Must see to appreciate. Whether you're looking to start out, invest, or just need to downsize, this home is it.

53 W Pennsylvania Street, Shelbyville

Listing courtesy of RE/MAX Tower.

$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.

$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.

$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.

$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®.

$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.

$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.

$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.

$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.

$324,900

106 W Pennsylvania Street, Shelbyville

Listing courtesy of Mackenzie Allen, Polston & Ass.

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