Opportunity awaits on this approximately 0.76-acre lot, currently zoned R-3 with Zone B potential, offering exceptional flexibility for future development. Whether you're an investor, builder, or developer, this property presents an excellent opportunity to build a duplex, triplex, or other qualifying residential development (subject to local zoning and approvals). With its generous dimensions and development potential, this is a rare chance to secure a property with room to maximize your investment. Conveniently located with easy access to local amenities, shopping, dining, and major roadways
CloseDaily local analysis
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
This property is offered at $124 per square foot, compared with a $208 median for active 3-bedroom homes in Shelbyville. Its asking price falls near the 7th percentile of that active group. The comparison uses 145 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 40 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
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 $208,250, and the median is $165 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 |
|---|---|---|---|---|
| 141 Dogwood Ct | May 29, 2026 | 2 bd · 1,150 sqft | $235,000 | 0.1 mi |
| 1111 S Brittain St | May 25, 2026 | 4 bd · 2,512 sqft | $181,500 | 0.5 mi |
| 531 E Depot St | Jun 12, 2026 | 3 bd · 1,440 sqft | $117,000 | 0.5 mi |
| 702 Adams Drive | Jun 2, 2026 | 3 bd · 1,507 sqft | $334,500 | 0.9 mi |
| 111 Bethany Ln | Jun 26, 2026 | 3 bd · 1,092 sqft | $140,000 | 0.9 mi |
| 1301 Walker St | Jun 15, 2026 | 3 bd · 1,361 sqft | $274,900 | 0.9 mi |
MLS timeline
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.
Location reference points
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.
Continue comparing
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