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Listed by Claudia Heidelberger • Carpenter, REALTORS®
$480,000
Est. payment /mo
9,888 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,888 sqft
Price per Sqft $48
MLS Listing ID 22134969
Year Built 1900
Tax Year 2025
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Mixed Use
Property Description
Welcome to 29 Public Square, a 9,888 SF historic mixed-use property in the heart of Shelbyville's historic district, offering stable in-place income with significant value-add potential. The ground floor is occupied by an established tenant with a lease term through May 2029, providing cash flow from closing. The upper level is offered as-is and is well suited for repositioning as a vibrant community destination, such as event space, co-working, creative studios, or residential units, subject to buyer verification of zoning and permitted uses. The property sits within a designated DORA (Designated Outdoor Refreshment Area), steps from the square's festivals and community events, with free public parking in the garage directly across the street. A planned data center project nearby is expected to bring increased activity and demand to the area. Historic character, an established anchor tenant, and a growing downtown make this a compelling long-term investment. Lease and financial information are available to qualified buyers upon execution of an NDA. See Broker Bay for Showing instructions.
Location
State IN
County Shelby
Zoning COMMERCIAL
Interior
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Available
Building
Story 4
New Construction false
Schools
Middle Schools Shelbyville Middle School
School District Shelbyville Central Schools
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