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    Downtown Shelbyville Commercial Building
    Updated: Sep 25, 2025
    Downtown Shelbyville Commercial Building

    200 N Morgan Street Shelbyville IL 62565, Shelbyville, IL 62565

    $799,000
    7,768 sqft
    Almost 8000 square feet of flexible space suitable for various uses.
    Prime downtown location on the corner of N. Morgan and N. 1st Streets, near the Courthouse and other businesses.
    Completely remodeled in 2012 with a large addition.
    Includes 13‑15 offices, 2 conference rooms, lounge with kitchenette, and exercise room with shower.
    Features two vaults, offering secure storage.
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Shelbyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Former Bank Building on Parkway
    Former Bank Building on Parkway

    4365 Alby Street, Alton, IL 62002

    $300,000
    7,340 sqft · 1.96 AC lot

    Visible former bank building with drive-thru and ample parking.

    View details
    Remodeled Freestanding Building on Mattis
    Remodeled Freestanding Building on Mattis

    1203 S Mattis Ave, Champaign, IL 61821

    $349,000
    1,922 sqft

    1,922 SF remodeled building with drive-thru on Mattis Avenue.

    View details
    Former Bank Building with Drive-Thru
    Former Bank Building with Drive-Thru

    4365 Alby Street, Alton, IL 62002

    $300,000
    1.95 AC lot

    Visible former bank building with drive-thru and full basement.

    View details
    Champaign Retail Opportunity: Country Fair
    Champaign Retail Opportunity: Country Fair

    229 S Mattis Ave, Champaign, IL 61821

    Contact for pricing
    300 sqft

    Over 300,000 SF shopping center on 36 acres for sale.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Richmond, KY Out Parcel Land
    Richmond, KY Out Parcel Land

    2072 Merchant Drive, Richmond, KY 40475

    $1,400,000
    1.71 AC lot

    1.71 acre outparcel ideal for retail, restaurant, or office.

    View details
    Hard-Lighted Corner Development Site
    Hard-Lighted Corner Development Site

    -- Highway 412, E Kenwood, Siloam Springs, AR 72761

    $735,000
    8,252 sqft · 1.47 AC lot

    Entitled, turn-key development parcel with hard-lighted corner and highway frontage off Hwy 412 for multiple commercial uses.

    View details
    Commercial Land in Terrytown
    Commercial Land in Terrytown

    121 Holmes Boulevard, Terrytown, LA 70056

    $65,000

    Vacant commercial land ready for development in Terrytown, Louisiana.

    View details
    Cape Coral Commercial Land Opportunity
    Cape Coral Commercial Land Opportunity

    Del Prado Blvd N & De Navarra Pkwy, Cape Coral, FL 33909

    $1,692,300
    2.59 AC lot

    Corner property near US 41, approved for development.

    View details

    Shelbyville, IL Banks Market Trends and Statistics

    Explore 1 banks for sale in Shelbyville, IL on our real estate platform. These investment opportunities span a total of 7,768 square feet of properties for sale, with an estimated market value of $799,000.

    Sale prices for bank buildings in Shelbyville, IL start at $799,000, averaging $799,000, and reaching up to $799,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Banks 1
    Grocery and convenience stores 1
    Storefront properties 1

    Demographics Overview

    Population 7,422
    Population Growth (5Y) +5.7%
    Median Household Income $61,722
    College Educated 26.8%

    High-Yield Neighborhoods for Investment

    Identify Shelbyville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62565 $799K

    Taxes & Financing

    Tax Rate (average for all types) 8.04%
    Property Tax per SF $86.06 per SF
    Average Loan-to-Value 65.0%

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