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Shelbyville, IL

Shelbyville, IL Commercial Real Estate for Sale

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Findlay, IL Tower Hill, IL Windsor, IL Pana, IL Beecher City, IL Assumption, IL Herrick, IL Sullivan, IL

8 properties

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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.

Convenience Store Near Coon Creek Campground

Updated: Sep 25, 2025

Convenience Store Near Coon Creek Campground

1643 County Highway 42, Shelbyville, IL 62565

$199,900

1,992 sqft

Turn‑key convenience store and bait shop business opportunity.
Located at the entrance of a large US Army Corp of Engineers campground (Coon Creek).
Sits on over 3 acres of land.
Includes a full commercial kitchen with pizza and wings.**
Offers diverse revenue streams: bait, tackle, food, drinks, alcohol, apparel, ice, water, firewood, propane, boat/camper storage.

Three-Level Mixed-Use Building

Three-Level Mixed-Use Building

105 E Main St, Shelbyville, IL 62565

$249,900

Configured with retail, entertainment, lower-level commercial space, and an attached barbershop.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Leased Office Building with Parking

Leased Office Building with Parking

1819 W Main St, Shelbyville, IL 62565

$174,900

Well-maintained leased office space offering flexible floor plans and parking at 1819 W Main St.

Tillable Agricultural Land

Tillable Agricultural Land

1800 E 700 North Road, Shelbyville, IL 62565

$724,522

Current tillable production acreage in a river-bottom agricultural setting.

Renovated Duplex Office Building

Renovated Duplex Office Building

1502 W Main St, Shelbyville, IL 62565

$325,000

Single-level commercial layout with shared kitchenette and bathroom, plus potential drive-through access.

Turnkey Restaurant With Income Apartments

Turnkey Restaurant With Income Apartments

114 E Main St, Shelbyville, IL 62565

$289,900

Turnkey downtown restaurant with fully equipped kitchen, dining areas, and two currently rented apartments.

Historic Church with Stained Glass

Historic Church with Stained Glass

220 N Wood Street, Shelbyville, IL 62565

Contact for pricing

Former church building with high ceilings, stage features, and a recently replaced roof.

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 8 Active listings in Shelbyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Corner Automotive Sales Building

Corner Automotive Sales Building

200 E 1st St, Pana, IL 62557

$105,000

1,110 sqft

Corner lot building on a busy commercial corridor, currently operated as an auto sales property.

Car Repair Shop with Office

Car Repair Shop with Office

719 Jackson St, Pana, IL 62557

$224,900

4,200 sqft

Automotive repair shop includes three bays and an office within a 35-by-120 building.

Mixed-Use Building with Rear Access

Mixed-Use Building with Rear Access

11 E Jefferson St, Sullivan, IL 61951

$149,900

Street-level open retail space with rear overhead door, plus second-floor area suited for residential apartment conversion.

Rolling Farmland Acreage with Creek

Rolling Farmland Acreage with Creek

720 CR 1350 N, Sullivan, IL 61951

$125,000

5.00 AC lot

Rolling 5-acre parcel with timber and a creek, previously used as organic agricultural land with drainage tiling.

Off-Market Properties in Shelbyville, IL

Consider similar Off-Market properties in Shelbyville, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1502 Main St

COMMERCIAL (GENERAL)

1502 Main St, Shelbyville, IL 62565-1259

$260,000

Estimated value

1,504 sqft 0.28 AC lot

1922 1500th N Rd

COMMERCIAL (GENERAL)

1922 1500th N Rd, Shelbyville, IL 62565-5600

$280,000

Estimated value

46.51 AC lot

111 Main St

COMMERCIAL (GENERAL)

111 Main St, Shelbyville, IL 62565-1651

$260,000

Estimated value

0.08 AC lot

124 Main St

COMMERCIAL (GENERAL)

124 Main St, Shelbyville, IL 62565-1654

$260,000

Estimated value

4,369 sqft 0.10 AC lot

510 Main St

COMMERCIAL (GENERAL)

510 Main St, Shelbyville, IL 62565-1401

$270,000

Estimated value

0.17 AC lot

602 Main St

COMMERCIAL (GENERAL)

602 Main St, Shelbyville, IL 62565-1440

$265,000

Estimated value

0.24 AC lot

410 Heinlein Dr

COMMERCIAL (GENERAL)

410 Heinlein Dr, Shelbyville, IL 62565-7800

$295,000

Estimated value

0.77 AC lot

1017 Ws 5th St

COMMERCIAL (GENERAL)

1017 Ws 5th St, Shelbyville, IL 62565-1821

$250,000

Estimated value

2,004 sqft 0.15 AC lot

Shelbyville, IL 62565

COMMERCIAL (GENERAL)

Shelbyville, IL 62565

$280,000

Estimated value

1.00 AC lot

1810 Ws 3rd St

INDUSTRIAL (GENERAL)

1810 Ws 3rd St, Shelbyville, IL 62565-9595

$265,000

Estimated value

7.15 AC lot

1810 Ws 3rd St

COMMERCIAL (GENERAL)

1810 Ws 3rd St, Shelbyville, IL 62565-9595

$345,000

Estimated value

6.44 AC lot

218 Washington St

INDUSTRIAL (GENERAL)

218 Washington St, Shelbyville, IL 62565-2328

$235,000

Estimated value

1,024 sqft 0.24 AC lot

142 Washington St

COMMERCIAL (GENERAL)

142 Washington St, Shelbyville, IL 62565-2330

$215,000

Estimated value

2,400 sqft

136 Washington St

VACANT COMMERCIAL LAND

136 Washington St, Shelbyville, IL 62565-2330

$255,000

Estimated value

0.15 AC lot

139 Washington St

COMMERCIAL (GENERAL)

139 Washington St, Shelbyville, IL 62565-2331

$210,000

Estimated value

2,400 sqft 0.05 AC lot

203 Washington St

COMMERCIAL (GENERAL)

203 Washington St, Shelbyville, IL 62565-2329

$380,000

Estimated value

6,898 sqft 0.35 AC lot

Shelbyville, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Shelbyville, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 9,760 square feet of properties for sale, with an estimated market value of $2,763,122.

Sale prices for business properties in Shelbyville, IL start at $174,900, averaging $394,731, 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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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	$454.7K

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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Most Searched ZIP Codes in Shelbyville, IL

62565