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Welcome to 29 Public Square, a 9,888 SF historic mixed-use property in the heart of Shelbyville's historic district, offering stable in-place income with significant value-add potential. The ground floor is occupied by an established tenant with a lease term through May 2029, providing cash flow from closing. The upper level is offered as-is and is well suited for repositioning as a vibrant community destination, such as event space, co-working, creative studios, or residential units, subject to buyer verification of zoning and permitted uses. The property sits within a designated DORA (Designated Outdoor Refreshment Area), steps from the square's festivals and community events, with free public parking in the garage directly across the street. A planned data center project nearby is expected to bring increased activity and demand to the area. Historic character, an established anchor tenant, and a growing downtown make this a compelling long-term investment. Lease and financial information are available to qualified buyers upon execution of an NDA. See Broker Bay for Showing instructions.

Property Details of 29 Public Square

Property Details

Listed by Claudia Heidelberger of Carpenter,REALTORS® (cheidelberger@callcarpenter.com)

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 Based on information submitted to MIBOR as of November 7, 2026 12:35 PM EST . All data is obtained from various sources and has not been, and will not be, verified by broker or MIBOR.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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