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1837 E Michigan Road

Shelbyville, IN 46176

ActiveListed Dec 22, 2023 · 954 days on market

Key facts

Living area
1,800 sqft
Lot
1.2 acres
Year built
1954
Type
Commercial Sale · Retail
MLS #
21957275
County
Shelby
Total building area
1,800 sqft

About this home

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.

Description provided by the listing brokerage.

Exterior

Roof
Flat
Parking and garage
Asphalt

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Business Highway

Schools

Middle school
Shelbyville Middle School
School district
Shelbyville Central Schools

Taxes

Estimated annual tax
$3,758 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,739per month, estimated
Principal and interest $2,268Property tax $313Insurance $157
20% · $90,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$450,000
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