875 Union St

Active

Shelbyville, TN 37160

Bedrooms
0
Bathrooms
0.00
Sq Ft
1.6700
Acres
Updated 4 minutes ago MLS #: 3080175 Listed 3 months ago

$1,525,000.00

Est. Monthly: $7,360.33

About This Property

Retail investment opportunity in the heart of Shelbyville, TN. This well-located retail building is fully occupied*, with the exception of a **4,388 SF storage space** situated at the rear of the property, offering immediate upside through lease-up or alternative use. The property is supported by a stable existing tenant base and has recently benefited from a **brand new roof**, reducing near-term capital expenditure concerns and enhancing long-term asset durability. A key highlight of this property is the **significant opportunity for rent growth**. Current rents remain below market, providing investors with a clear path to **rent improvement** through renewals, repositioning, or future leasing strategies. Combined with the vacant storage component, this asset offers both **in-place cash flow and value-add potential**. Strategically positioned along Union Street, the property enjoys strong visibility and convenient access to Shelbyville’s commercial corridors, making it an attractive long-term hold for investors seeking stable income with upside.

Location

Directions From I-24 take exit 81A, in 23miles turn right onto Colloredo Blvd, 1mi turn right onto Union Street, .5mi Building is on the left (Across from Piggly Wiggly)

Interior Features

Exterior & Property

Schools

Property Details

Property Type Commercial Sale
Property Sub Type Retail
Year Built 1974
Listing Office Benchmark Realty, LLC
Listing Agent Adam Beach
MLS Logo

MLS Information

Based on information submitted to the MLS GRID as of 2026-05-07T15:37:28+00:00. 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.

Market Insights

Explore market data for Shelbyville

Shelbyville Market

City-wide statistics

Explore Shelbyville
314
Active Listings
$635,939.32
Avg Price
1,655
Avg Sq Ft
2.9
Avg Bedrooms

No Neighborhood Data

This property doesn't have specific neighborhood information available.

Price History

Recent price changes for this property

Apr 24, 2026
Price Decrease
$16,000.00 → $15,250.00
$750.00
Mar 4, 2026
Price Decrease
$17,000.00 → $16,000.00
$1,000.00

Property History

Timeline of listing events and status changes

Currently Listed

MLS# 3080175

Currently active listing

3 months ago • Jan 13, 2026

115 days on market

$1,525,000.00

Originally: $1,700,000.00

Sold

MLS# 2097204

Property sold and closed

6 years ago • Jan 17, 2020

34 days on market

$300,000.00

Sold: $525,000.00

Explore the Area