12 S Harrison Street 12-16, 18, Shelbyville, IN 46176
sale
$574,900
|
Business
Courtesy Of Mackenzie Allen, Polston & Associates
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)
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Legal Description: Orig 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 ERRONEOUS
- MLSID: 22074405
- Roof Type: Membrane
- Roof Type: Rubber
- View Type: City
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