Biagi Buildings

Office for Sale
Catylist Listing ID: 30540327
Property Subtypes: Mixed Use, Office Building, Other
Building Size (RSF): 3,524 SF
Sale Price: $146,250
Unit Price: $41.50 PSF
Property Use Type: Vacant/Owner-User
Building Name: Biagi Buildings
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/21/2020

Overview / Comments

Rare opportunity to purchase this building and 541 Main Street which are adjoined by a doorway and could be purchased together, but are listed separately. 537 Main Street features two open areas with a doorway fronting Main Street. This building extends through the block to a parking lot which is accessible from Washington Street. The rear of the building has been used for storage and the second floor consists of a former apartment. This property is located in the heart of downtown Shelbyville which has coffee shops, restaurants, a courthouse, antique shops and many independent businesses. With access from the two primary streets in Shelbyville and with off street parking, this property offers many options for a buyer.

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 and Washington Street)
Airports: SDF
Site Description: Open office building with access and parking not easily available in downtown Shelbyville.
Area Description: Shelbyville is a thriving community with a very stable downtown featuring restaurants, coffee shops,antique malls and many independent businesses. Shelbyville and Shelby County are widely known as the place of good land, good living and good people.
Total Number of Buildings: 1
Number of Stories: 2
Exterior Description: Storefront facing Main Street
Parking Type: Surface
Parking Description: A 26x97 parking lot is located in the rear of the building accessed via Washington Street.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Open area with storage in the rear and an apartment on the second floor which needs rehab.
Lot Frontage: See attached sketch
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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