Shelbyville, TN 37160
$1,525,000.00
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.
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.
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Timeline of listing events and status changes
Currently active listing
3 months ago • Jan 13, 2026
115 days on market
$1,525,000.00
Originally: $1,700,000.00
Property sold and closed
6 years ago • Jan 17, 2020
34 days on market
$300,000.00
Sold: $525,000.00
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