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1792 N Riley Highway

Shelbyville, IN 46176

ActiveListed Mar 2, 2026 · 103 days on market

Key facts

Lot
0.77 acres
Type
Land · Unimproved Land
MLS #
22086067
County
Shelby
Subdivision
No Subdivision

About this home

Unparalleled Restaurant Development Opportunity in Shelbyville, Indiana! Capture the energy of one of Central Indiana's fastest-growing commercial corridors with this premier, build-ready restaurant site located immediately off the I74 exit. Boasting exceptional visibility and direct access from a major interstate, this parcel sits at the heart of a bustling retail and hospitality cluster, surrounded by Zaxby's, Waffle House, Casey's, Shell, Taco Bell, Hampton Inn, and McDonald's. With over 20,000 vehicles passing nearby daily, the location guarantees exposure to both local residents and regional travelers. Shelbyville serves as the thriving county seat of Shelby County, with a population exceeding 20,800 and a trade area encompassing nearly 45,000 residents. Recent growth includes major industrial expansions, infrastructure upgrades, and residential development, positioning the city as a primary retail and service hub for surrounding communities, including Indianapolis, Franklin, Greenwood, Edinburgh, and New Castle. This strong regional draw creates a steady and growing customer base, perfect for a restaurant concept looking to establish a foothold in a high-demand market. This build-ready site offers restaurant operators a rare chance to leverage Shelbyville's momentum, capitalize on proven traffic patterns, and join a dynamic mix of national and regional brands. The property's combination of visibility, accessibility, and a growing trade area makes it a premier location for a restaurant poised to serve both local residents and regional visitors, capturing the full potential of Shelby County's economic and population growth.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
Not Applicable

Lot and HOA

Zoning
BH

Schools

School district
Shelbyville Central Schools

Taxes

Estimated annual tax
$1,762 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,225per month, estimated
Principal and interest $1,008Property tax $147Insurance $70
20% · $40,000
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$200,000
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