875 Union St, Shelbyville TN 37160
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, provid
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 88th 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 209 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 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $320,495, and the median is $200 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 |
|---|---|---|---|---|
| 307 Brooklyn Cir | Jun 12, 2026 | 3 bd · 1,648 sqft | $320,000 | 0.4 mi |
| 128 Millet Street | Jul 28, 2026 | 3 bd · 1,989 sqft | $372,984 | 0.5 mi |
| 227 Megan Cir | May 27, 2026 | 3 bd · 1,667 sqft | $377,900 | 0.5 mi |
| 700 Dow Dr | Jul 19, 2026 | 3 bd · 1,598 sqft | $360,000 | 0.6 mi |
| 313 Cottonwood Dr | Jul 20, 2026 | 3 bd · 1,370 sqft | $276,900 | 0.6 mi |
| 314 Cottonwood Dr | Jul 17, 2026 | 4 bd · 1,508 sqft | $289,900 | 0.6 mi |
| 124 Millet St | Aug 1, 2026 | 3 bd · 1,489 sqft | $316,990 | 0.6 mi |
| 225 Republic St | May 29, 2026 | 3 bd · 1,615 sqft | $320,990 | 0.6 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.
- $1,525,000 · Active
- $1,430,000 · 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 Tullahoma17.5 miles straight-line · roughly 31 driving minutes
- Downtown Manchester21.7 miles straight-line · roughly 39 driving minutes
- I-24 at Manchester22.2 miles straight-line · roughly 40 driving minutes
- Arnold Air Force Base23.0 miles straight-line · roughly 41 driving minutes
- Tims Ford Lake23.3 miles straight-line · roughly 42 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