Realmo

Buy
- For Sale
- Post a Listing
Property Types
- Retail
  
  Grocery Store
  
  Storefront
  
  Bank
- Office
  
  Building
  
  Medical Premises
Rent
- For Lease
- Post a Listing
Space Uses
- Office
- Medical Space
Analytics
- Analytics Center
- Insight Report
- Recently Sold
- Value Estimation
- Cap Rate
- Ownership Records
- Location Intelligence
- Business Placement
- Off-Market Leads
- Zoning Insight

Advertise Sign In

For Sale
- Retail
- Office
  - Building
  - Medical Premises
For Lease
- Office
- Medical Space
Analytics Center
Insight Report
Recently Sold
Value Estimation
Cap Rate
Ownership Records
Location Intelligence
Business Placement
Off-Market Leads
Zoning Insight
Advertise
Find Brokers

Shelbyville, IL

Shelbyville, IL Commercial Real Estate for Sale

List

Map

Findlay, IL Pana, IL Assumption, IL

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.

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 76 Potential Opportunities for your consideration. Besides 2 Active listings in Shelbyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 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.

Modern Flex Space For Sale

Modern Flex Space For Sale

3121 Marshall Ave, Mattoon, IL 61938

$315,000

2,448 sqft

Flex space building constructed in 2017 with high traffic location.

Commercial Land Near Public Park

Commercial Land Near Public Park

3121 Commercial Ave, Mattoon, IL 61938

Contact for pricing

Commercial land for sale, located near a public park.

11.41 Acre Development Site

11.41 Acre Development Site

US 51 & Route 16, Pana, IL 62557

$1,200,000

11.41 AC lot

Commercial development land for sale with C2 zoning.

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.

COMMERCIAL (GENERAL)

1502 Main St, Shelbyville, IL 62565-1259

Value Estimation by Request

1,504 sqft · 0.28 AC lot

1922 1500th N Rd

COMMERCIAL (GENERAL)

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

Value Estimation by Request

46.51 AC lot

COMMERCIAL (GENERAL)

111 Main St, Shelbyville, IL 62565-1651

Value Estimation by Request

0.08 AC lot

COMMERCIAL (GENERAL)

124 Main St, Shelbyville, IL 62565-1654

Value Estimation by Request

4,369 sqft · 0.10 AC lot

COMMERCIAL (GENERAL)

510 Main St, Shelbyville, IL 62565-1401

Value Estimation by Request

0.17 AC lot

COMMERCIAL (GENERAL)

602 Main St, Shelbyville, IL 62565-1440

Value Estimation by Request

0.24 AC lot

410 Heinlein Dr

COMMERCIAL (GENERAL)

410 Heinlein Dr, Shelbyville, IL 62565-7800

Value Estimation by Request

0.77 AC lot

COMMERCIAL (GENERAL)

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

Value Estimation by Request

2,004 sqft · 0.15 AC lot

Shelbyville, IL 62565

COMMERCIAL (GENERAL)

Shelbyville, IL 62565

Value Estimation by Request

1.00 AC lot

INDUSTRIAL (GENERAL)

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

Value Estimation by Request

7.15 AC lot

COMMERCIAL (GENERAL)

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

Value Estimation by Request

6.44 AC lot

218 Washington St

INDUSTRIAL (GENERAL)

218 Washington St, Shelbyville, IL 62565-2328

Value Estimation by Request

1,024 sqft · 0.24 AC lot

142 Washington St

COMMERCIAL (GENERAL)

142 Washington St, Shelbyville, IL 62565-2330

Value Estimation by Request

2,400 sqft

136 Washington St

VACANT COMMERCIAL LAND

136 Washington St, Shelbyville, IL 62565-2330

Value Estimation by Request

0.15 AC lot

139 Washington St

COMMERCIAL (GENERAL)

139 Washington St, Shelbyville, IL 62565-2331

Value Estimation by Request

2,400 sqft · 0.05 AC lot

203 Washington St

COMMERCIAL (GENERAL)

203 Washington St, Shelbyville, IL 62565-2329

Value Estimation by Request

6,898 sqft · 0.35 AC lot

112 Washington St

VACANT COMMERCIAL LAND

112 Washington St, Shelbyville, IL 62565-2330

Value Estimation by Request

0.03 AC lot

COMMERCIAL (GENERAL)

105 Vine St, Shelbyville, IL 62565-1357

Value Estimation by Request

0.16 AC lot

COMMERCIAL (GENERAL)

101 Vine St, Shelbyville, IL 62565-1835

Value Estimation by Request

0.29 AC lot

1598 State Hwy 16

INDUSTRIAL (GENERAL)

1598 State Hwy 16, Shelbyville, IL 62565-4470

Value Estimation by Request

14.13 AC lot

1671 State Hwy 16

INDUSTRIAL (GENERAL)

1671 State Hwy 16, Shelbyville, IL 62565-4377

Value Estimation by Request

3.93 AC lot

1679 State Hwy 16

COMMERCIAL (GENERAL)

1679 State Hwy 16, Shelbyville, IL 62565

Value Estimation by Request

2.82 AC lot

Shelbyville, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Shelbyville, IL 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 $998,900.

Sale prices for business properties in Shelbyville, IL start at $199,900, averaging $499,450, 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.

List

Map

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	$499.5K

Taxes & Financing

Tax Rate (average for all types) 8.04%

Property Tax per SF $86.06 per SF

Average Loan-to-Value 65.0%

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings

Popular Categories

Retail space

Most Searched ZIP Codes in Shelbyville, IL

62565