541 Main Street, Shelbyville, KY 40065

Office for Sale
Catylist Listing ID: 30540326
Property Subtypes: Office Building
Building Size (RSF): 6,798 SF
Sale Price: $245,000
Unit Price: $36.04 PSF
Property Use Type: Vacant/Owner-User
Building Name: Biagi Buildings
Class of Space: Class D
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/24/2020

Overview / Comments

Great opportunity to own the iconic Biagi Buildings located in the heart of downtown Shelbyville at 541 and 537 Main Street. Currently, the buildings adjoin each other via a doorway and are listed separately, but could be sold together. These buildings would be ideal for restaurants, offices, apartments or reception halls. 541 Main Street features nearly 30 feet of frontage on Main Street and also has a side entrance on Sixth Street with a parking lot measuring 38x51. There is a loading bay in the rear of the building directly on Washington Street. There is also a small garden lot adjoining the Sixth Street entrance which measure 35x21 feet. 541 also features two large showroooms, an office area, bathrooms and a storage or loading area. The mezzanine level overlooks the main showroom and has an office area in the front of the building overlooking Main Street from the second floor. The attached parking area offers valuable parking in the heart of downtown Shelbyville and this area and the garden lot could also be used for additional new building space if the buyer so desired.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Tax ID/APN: S10-16-008
Zoning: D_C (SHELBYVILLE)
Property Located Between: Main Street and Washington Street
Property Visibility: Excellent
Highway Access: US Highway 60 (Main Street)
Site Description: Iconic former Biagi appliance building first time on the market in 75 years
Area Description: Shelbyville's downtown area is booming with restaurants, coffeeshops, antique malls and many other independent businesses. Located 1 block from the old Courthouse and in the true heart of Shelbyville with access to 3 streets. Shelbyville and Shelby County are widely known as the home of good land, good living and good people.
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 6,798 SF
Construction/Siding: Other
Exterior Description: Late nineteenth century facade with a storefront that features a redwood trim with an overhang trimmed in copper
Parking Type: Surface, Other
Parking Description: Parking lot measuring 38x51 on Sixth Street. 537 buidling has a parking lot off Washington St measuring 26x97
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Open areas with bathrooms on the first floor, open areas on second floors in the mezzanine.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,783 19,323 22,858
Median Age: 36.16 34.83 36.01
Households: 2,171 7,092 8,441

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