1608 Madison St, Shelbyville TN 37160
PERFECT LOCATION! High-traffic area on Hwy 41A, just minutes from Downtown Shelbyville Square. This 14,300 +/- SF, commercial property is a rare find with endless potential! Suitable for a wide variety of businesses, including restaurant, sports bar, event space, retail, grocery store, liquor store, professional offices. Multipurpose Layout: Ideal for a strip center, restaurant, or any business requiring flexible space. Loading Dock for easy delivery and logistics. High Traffic & Visibility: Located at a busy four-way stop with a red light, ensuring maximum exposure for any business. This pr
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Shelbyville
This property is grouped with the current listings without a reported bedroom count in Shelbyville. Its asking price falls near the 86th percentile of that active group. The comparison uses 147 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 351 days, while the current cohort averages 67 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 6 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $283,000, and the median is $211 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 264 Stanley Blvd | Jun 16, 2026 | 3 bd · 1,104 sqft | $285,000 | 0.8 mi |
| 713 S Wall St | May 29, 2026 | 3 bd · 1,681 sqft | $281,000 | 0.9 mi |
| 215 Wall St | Jul 10, 2026 | 3 bd · 1,296 sqft | $262,900 | 0.9 mi |
| 0 Cherokee Trl | May 29, 2026 | — | $40,000 | 1.0 mi |
| 110 Virginia Ct | Jun 2, 2026 | 3 bd · 1,500 sqft | $325,000 | 1.1 mi |
| 100 Virginia Ct | Aug 7, 2026 | 3 bd · 1,543 sqft | $325,000 | 1.1 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $1,280,000 · Active
- $1,280,000 · Off Market
- $1,280,000 · Active
Location reference points
How this address sits within the Shelbyville area
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
- Downtown Tullahoma14.5 miles straight-line · roughly 26 driving minutes
- Downtown Manchester18.6 miles straight-line · roughly 33 driving minutes
- I-24 at Manchester19.1 miles straight-line · roughly 34 driving minutes
- Arnold Air Force Base19.8 miles straight-line · roughly 35 driving minutes
- Tims Ford Lake21.3 miles straight-line · roughly 38 driving minutes
Continue comparing
Similar active homes in Shelbyville
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Shelbyville homes for sale · See the Shelbyville market report