- For Sale $2,189,415
- Property Type Retail - Street Retail
- Property Size 12,375 SF
- Lot Size 2 Acre
- Property Tenancy Single Tenant
- Building Class C
- Year Built 2009
- Date Updated Jun 18, 2026
Description
Shelbyville, Indiana, is a thriving small city located about 30 miles southeast of downtown
Indianapolis in Shelby County. With a population of just over 20,000, it offers a balance of
small-town charm and access to metropolitan amenities. The city is known for its strong
sense of community, quality schools, and a blend of historic character with modern
growth. Shelbyville serves as the county seat and plays a central role in the region’s
commerce, government, and culture.
The local economy is diverse, with strengths in manufacturing, healthcare, retail, and
logistics. Major employers include Knauf Insulation, Ryobi Die Casting, and Shelbyville
Central Schools, while the city also benefits from its proximity to Interstate 74 and State
Road 9, making it a strategic hub for distribution and industry. The presence of Horseshoe
Indianapolis Racing & Casino adds to the economy by drawing visitors and providing
hospitality, dining, and entertainment jobs. The blend of traditional industry with modern
entertainment and retail continues to drive steady economic growth in the area.
Residents and visitors alike enjoy a variety of recreational and cultural amenities. The city
has several parks, walking trails, and sports facilities, along with a revitalized downtown
featuring shops, restaurants, and historic architecture. Blue River Memorial Park serves as
a popular gathering place with athletic complexes and outdoor space, while the Strand
Theatre and local festivals add to Shelbyville’s cultural appeal. With its combination of
economic stability, family-friendly lifestyle, and proximity to Indianapolis, Shelbyville has
positioned itself as an attractive place to live, work, and invest..
Highlights
- 5+ Years Of Lease Term Remaining | Secure, Long-Term Tenancy In Place
- Built-In Rental Growth | Scheduled Rent Increases During Each Option Period
- Established Location Since 2009
- Excellent Accessibility & Visibility | Less Than Five Minutes From I-74 (Exit 116) With 39,117 Vehicles Per Day
- Increased Traffic from W Indiana 44 Averaging 23,400+ Vehicles Per Day
- Institutional-Quality Tenant | Goodwill Industries Of Central & Southern Indiana
- Operates Over 75 Retail Stores, 4 Outlets, 3 Boutiques, And 3 Donation Centers With 3,700+ Employees
- Premium Retail Location | 1.90-Acre Parcel Directly Adjacent To Kroger-Anchored Shopping Center
- Proven Commitment To Site | Tenant Has Already Executed Two Lease Extensions
- Surrounded By Destination Retailers | Walmart Supercenter, Aldi, Kroger, Walgreens, McDonald’s, Taco Bell, Arby’s, And More
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Contacts
Kaleb Rupp
Encore Real Estate Investment Services
Location
Located at 570 Saraina Rd, Shelbyville, IN 46176, this property is part of the Shelbyville neighborhood and Indianapolis market.
Contact Listing Broker
Kaleb Rupp
Encore Real Estate Investment Services