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1689 N Michigan Rd 6,000 SF Industrial Building Shelbyville, IN 46176 $1,000,000 ($166.67/SF) 6% Cap Rate
Investment Highlights
- About 1/2 mile west of Exit 109, Interstate 74, handicap accessible. Masonry facade, Drive-up front door car parking (6 spaces)
- Two (2) dock-high doors, with edge-of-dock levelers, two (2) grade level doors. All overhead doors furnished with electric door openers, and dock seal
- Six additional car parking spaces in rear, delivery access from dedicated, paved county street, 120 ft. truck court
Executive Summary
This property is best characterized as a modern light industrial facility along a primary Shelbyville corridor, offering functionality for industrial users seeking accessible space within the Indianapolis metro. Its size and configuration are well-suited for fabrication, warehousing, service-based industrial operations, or contractor-style businesses, with surrounding uses reinforcing the property’s industrial positioning.
*** For Sale Or Lease call for details
*** For Sale Or Lease call for details
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Gas
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Space has just been completely refurbished. Large (7 ft.) ceiling fan, heavy electric (400 A., 480 V, 3 phase electric. All overhead doors have electric openers. Front door parking. Very flexible and accassible property.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 6,000 SF | Industrial | Full Build-Out | Oct 2026 |
1st Floor
| Size |
| 6,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Oct 2026 |
1st Floor
| Size | 6,000 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Oct 2026 |
Space has just been completely refurbished. Large (7 ft.) ceiling fan, heavy electric (400 A., 480 V, 3 phase electric. All overhead doors have electric openers. Front door parking. Very flexible and accassible property.
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 73-07-30-400-008.000-002 | Total Assessment | $500,000 |
| Land Assessment | $65,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $435,000 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
73-07-30-400-008.000-002
Land Assessment
$65,000
Improvements Assessment
$435,000
Total Assessment
$500,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2026
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Contact the Sale Advisor
1689 N Michigan Rd