Prudent Growth Partners Acquires Retail Asset In Shelbyville For $4.4 Million

The Rivergate Shopping Center, located at 1802-1826 East State Road 44 in Shelbyville, IN, was sold for $4,400,000. This retail asset encompasses 45,314 square feet and has a price per square foot of $97. The center is 93% leased and is shadow-anchored by Rural King, featuring a diverse mix of retail, fitness, financial, and medical tenants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,400,000
• Buyer: Prudent Growth Partners
• Sale Date: 06/18/2025
• Market: Shelbyville, IN
• Total Square Footage: 45,314
• Price Per Square Foot: $97

Prudent Growth Partners successfully acquired the asset represented in the transaction. The center's leasing status and the presence of a variety of tenants contribute to its market appeal within Shelbyville.