2551 N Michigan Road
Shelbyville, IN 46176
- – beds
- – baths
- – sqft
- ~5 acre lot
- 1984 build
(8) Buildings totaling (16) units. (14) two bedroom (1) one bedroom (1) three bedroom. Property visible from Interstate 74. Steps from MHP Major Hospital and Interstate 74. Minutes from Horseshoe Racing Casino and Shelbyville Municipal Airport. 16 minutes or 16 miles to Indianapolis straight shot on interstate 74. Minutes from RYOBi Die Casting, PK USA, Pilington North America, and other major employers. Multiple parcels see agent remarks. Drive by Only. Rents averaging $788 compared to market rate of $920 for a 2 bedroom in Shelbyville. Upside Potential for new owner. If 112 East Locust Street can pull $920 average on a 2 bedroom. Possibility at this location is a no brainer.
Last checked:
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Last updated Nov 23, 2024
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MLS# 21873420 —
The Building
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Year Built:1984
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Ranch
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Levels:One
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Green Certification:No
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Building Information:Other
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Building Area Source:Assessor
Interior
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Laundry:Other
Location
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Directions:From intersection of State Road 9 and Interstate 74 head north on State Road 9 to West Bassett Road head West to North Michigan Road and go North, property on left.
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Commercial Units - 5+
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Parcel Number:Multiple See Remarks
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Acres:5-10 Acres
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Lot Information:Other
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Lot Size:228690
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Lot Size Acres:5.25
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Structure Type:Apartment Building
Listing Agent
- Contact info:
- Agent phone:
- (317) 412-1572
- Office phone:
- (317) 412-1572
Taxes
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Tax Year:2022
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Tax Exemptions:None
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Semi Annual Property Tax Amt:2841
The Listing
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Disclosures:Not Applicable
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Inspection Warranties:Not Applicable
Utilities
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Building Utilities:Other
Schools
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School District:Shelbyville Central
The Community
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Subdivision Name:SUBDIVISION NOT AVAILABLE See Legal
Parking
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Parking:Parking Lot
Extra Units
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# of Units Total:16
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/25/22
Jul 25, 2022
|
Listed / Active | MIBOR | $1,795,650 |
