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1837 E Michigan Road Shelbyville, IN $ 525,000
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$ 525,000 Get more info
1837 E Michigan Road
$ 525,000
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1837 E Michigan Road

Shelbyville, IN, 46176
$ 525,000
Bedrooms-- Baths-- Sq 1,800

Monthly Estimate*

$ 3,233

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Commercial Property for sale in Shelbyville, IN

for $525,000. This 1,800 square foot building was built in 1954 on a lot size of 1.2.

LOCATION LOCATION LOCATION, Looking for a place to start your own Business? Look no further!! This hard to find large lot is 1.2 acres in a much desired area in Shelbyville, IN. This property is zoned Business Highway. There are multiple opportunities for the use of this property. This is the current location of the Bears Den, which has been a staple in Shelbyville since 1977. So if you are looking for a Restaurant to own or want to turn this property into your dream business, schedule your showing today.

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Commercial Active

Price

$ 525,000

Property Type

Commercial

Taxes

$ 3,758

Style

Retail

Lot Size

1.2

Year Built

1954

Town/City

Shelbyville

County/Region

Shelby

MLS | Web ID

21957275
Features
General
Heating Forced Air Natural Gas
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing
Roof Flat
Zoning Business Highway
Year Built 1954
Stories Count 1
Township Addison
Property Subtype Retail
Tax Year 2024
Current Use Restaurant
Building Name Bears Den
County Shelby
New Construction N
Property Type Commercial Sale
Possible Use Restaurant See Remarks
Status Active
Directions GPS Friendly
City Shelbyville
High School District Shelbyville Central Schools
MLS Area 7308 - Shelby - Addison
Lot Size Square Feet 52272
Current Financing Conventional Other
Middle/Junior High School Shelbyville Middle School
Additional Parcels Y/N N
Standard Status Active
Tax Lot 731104400002000002
Legal Description W2 Se 4 12 7 1.20A Bears Den 1837 E Michigan Rd
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Exterior
Parking Features Asphalt
Building Area Total 1800
Lot Size Acres 1.2
Road Surface Type Asphalt
Road Frontage Type FrontageRd State Road
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Interior
Basement (Y/N) N
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* Excluded Features
List By
Home Bound Real Estate Llc

Broker

patty@homeboundre.com

Email

Affordability Calculator

$3,546
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,233
Monthly Property Taxes
$313
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4045152 Elementary School
4046662 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/6/2025$525,000 -12.06% Price Down
12/11/2024$597,000 -0.33% Price Down
6/19/2024$599,000 -7.85% Price Down
12/22/2023$650,000 Listed Price

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1837 E Michigan Road, Shelbyville, IN, 46176 is a Commercial Property for sale at $525,000 with 1,800 sqft and a lot size of 1.2. 1837 E Michigan Road was built in 1954. The property's zip code is 46176 which is in Shelbyville, IN

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