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1202 E State Road 44

Shelbyville, IN 46176

ActiveListed Oct 7, 2026 · 1 day on market

Key facts

Lot
23.5 acres
Type
Land · Unimproved Land
MLS #
22122632
County
Shelby
Subdivision
No Subdivision

About this home

Position your development in the center of one of Central Indiana's fastest-growing commercial corridors at 1202 E State Road 44 in Shelbyville. This highly visible development opportunity sits along Shelbyville's primary retail artery, strategically located near Interstate 74 with direct access to the expanding Indianapolis metro corridor. State Road 44 serves as the commercial backbone of the community, carrying traffic from Shelby County and surrounding southeastern Indiana markets directly through Shelbyville's dominant retail district. The property benefits from exceptional exposure with traffic counts exceeding approximately 20,000 vehicles per day along State Road 44 and more than 40,000 vehicles per day on nearby I-74, creating outstanding visibility and accessibility for future retail, mixed-use, hospitality, industrial, or commercial development. Shelbyville continues to experience significant residential, industrial, and commercial growth as development expands southeast from Indianapolis. Major investments throughout the corridor include new retail centers, national brands, logistics expansion, housing developments, and large-scale technology infrastructure projects that are transforming the area into a major regional growth hub. The city has become the primary retail and service destination for Shelby County and neighboring communities, drawing consumers, businesses, and workforce traffic from across the region. Surrounding national retailers and commercial anchors along the SR 44 corridor include Walmart, Aldi, Rural King, Kroger, Wawa, restaurants, hotels, and numerous service providers, reinforcing Shelbyville's position as the retail center of southeastern Central Indiana. With strong demographics, expanding infrastructure, growing rooftops, and continued economic investment, 1202 E State Road 44 offers developers and investors the opportunity to capitalize on one of Indiana's emerging commercial corridors.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Sewer
Public Sewer

Lot and HOA

Zoning
Agricultural

Schools

Elementary school
Coulston Elementary School
Middle school
Shelbyville Middle School
High school
Shelbyville Sr High School
School district
Shelbyville Central Schools

Taxes

Estimated annual tax
$1,168 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$9,935per month, estimated
Principal and interest $9,199Property tax $97Insurance $639
20% · $365,000
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$1,825,000
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