3 Beds • 3 Baths · 1,585 Sq. Ft.
2263 Bear Oak Run
Shelbyville, IN 46176
M/I Homes of Indiana, L.P.


Listings displayed by Mark Dietel Realty
Based on information submitted to the MLS GRID as of November 11, 2026 at 11:45 AM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IRMLS is the source of this listing information as distributed by MLS GRID.
The compilations of listings and each individual listing are © 2026 MLS GRID. All rights reserved. The listing content is owned by the MLS GRID and is protected by federal copyright law.
IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by IRMLS as amended from time to time.
Some IDX listings have been excluded from this website.
Please report suspected listing-data inaccuracies to Mark Dietel Realty. Contact us or call (317) 426-9911.
Copyright complaints: DMCA notice.
MIBOR Broker Listing Cooperative® Disclaimer
© 2026 MIBOR REALTOR® Association
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service.
Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID
IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the Broker Listing Cooperative listing service as of November 11, 2026 at 11:45 AM EST. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information submitted to the MLS GRID as of November 11, 2026 at 11:45 AM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
29 Public Square
Shelbyville, IN
$2,800,000
Shelbyville, IN 46176
MLS# MBR22106192
Listed 2 days ago
Downtown Shelbyville Value-Add Investment Opportunity. Three mixed-use commercial buildings are available for acquisition in downtown Shelbyville, Indiana, offering investors a compelling opportunity to renovate, lease, stabilize and resell at a significantly higher valuation. The portfolio includes a mix of apartments, office space and retail space, creating multiple income streams once stabilized. The properties require substantial construction and lease-up, but the offering has been structured to account for that work. The total sale price of $2.8 million, inclusive of the current construction budget needed to complete improvements and bring the vacant spaces to lease-ready condition. At full occupancy, the properties are projected to generate approximately $400,000 in annual NOI, representing a projected 14.28% yield on cost. As the vacant spaces are improved and leased, the portfolio has the potential to increase materially in value. Once fully stabilized, the asset could support an estimated resale value of $5.0 million to $5.7 million, assuming a market cap rate of 7% to 8%. This a strong value-add opportunity for an investor seeking downtown mixed-use real estate with clear upside through construction completion, lease-up and income growth.
Estimate principal and interest for this listing.
$560,000
Estimated monthly payment
$14,158/mo
Estimate only — not MLS listing data. Does not include taxes, insurance, or other costs. Rates change daily.
Listed by Carpenter, REALTORS® with Claudia Heidelberger. Contact cheidelberger@callcarpenter.com.
3 Beds • 3 Baths · 1,585 Sq. Ft.
2263 Bear Oak Run
Shelbyville, IN 46176
M/I Homes of Indiana, L.P.
3 Beds • 3 Baths · 2,308 Sq. Ft.
2254 Bear Oak Run
Shelbyville, IN 46176
M/I Homes of Indiana, L.P.
3 Beds • 1 Baths · 1,154 Sq. Ft.
827 Meridian Street
Shelbyville, IN 46176
1 Percent Lists Indiana Real Estate