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Shelbyville, IL

Shelbyville, IL Commercial Real Estate for Sale

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Findlay, IL Mode, IL Windsor, IL Cowden, IL Pana, IL Assumption, IL Beecher City, IL Herrick, 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.

Three-Level Mixed-Use Building

Updated: Aug 3

Three-Level Mixed-Use Building

105 E Main St, Shelbyville, IL 62565

$249,900

Three finished commercial levels in a mixed‑use building
Main level includes an outdoor sporting goods business with fishing equipment, live bait, lures, and camping supplies
Upper level has batting cages, laser tag, play equipment, and two restrooms
Upper‑floor private entrance supports alternative office, residential, or commercial planning
Finished lower level offers retail, storage, or office space

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.

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

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.

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 4 Active listings in Shelbyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 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.

Restaurant with Outdoor Bar

Restaurant with Outdoor Bar

504 E JACKSON Street, Pana, IL 62557

$575,000

0.91 AC lot

A restored former ice house combines restaurant and bar space with a commercial kitchen, gaming room, and outdoor event areas.

Mixed-Use Building with Rear Access

Mixed-Use Building with Rear Access

11 E JEFFERSON ST, Sullivan, IL 61951

Contact for pricing

5,685 sqft

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

Three-Building Flex Property

Three-Building Flex Property

709 Jackson St, Pana, IL 62557

$525,000

The property combines a showroom layout with a separate roomed commercial building and steel storage structure.

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

Estimated value:

$260,000

1,504 sqft 0.28 AC lot

1922 1500th N Rd

COMMERCIAL (GENERAL)

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

Estimated value:

$280,000

46.51 AC lot

111 Main St

COMMERCIAL (GENERAL)

111 Main St, Shelbyville, IL 62565-1651

Estimated value:

$260,000

0.08 AC lot

124 Main St

COMMERCIAL (GENERAL)

124 Main St, Shelbyville, IL 62565-1654

Estimated value:

$260,000

4,369 sqft 0.10 AC lot

510 Main St

COMMERCIAL (GENERAL)

510 Main St, Shelbyville, IL 62565-1401

Estimated value:

$270,000

0.17 AC lot

602 Main St

COMMERCIAL (GENERAL)

602 Main St, Shelbyville, IL 62565-1440

Estimated value:

$265,000

0.24 AC lot

410 Heinlein Dr

COMMERCIAL (GENERAL)

410 Heinlein Dr, Shelbyville, IL 62565-7800

Estimated value:

$295,000

0.77 AC lot

1017 Ws 5th St

COMMERCIAL (GENERAL)

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

Estimated value:

$250,000

2,004 sqft 0.15 AC lot

Shelbyville, IL 62565

COMMERCIAL (GENERAL)

Shelbyville, IL 62565

Estimated value:

$280,000

1.00 AC lot

1810 Ws 3rd St

INDUSTRIAL (GENERAL)

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

Estimated value:

$265,000

7.15 AC lot

1810 Ws 3rd St

COMMERCIAL (GENERAL)

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

Estimated value:

$345,000

6.44 AC lot

218 Washington St

INDUSTRIAL (GENERAL)

218 Washington St, Shelbyville, IL 62565-2328

Estimated value:

$235,000

1,024 sqft 0.24 AC lot

142 Washington St

COMMERCIAL (GENERAL)

142 Washington St, Shelbyville, IL 62565-2330

Estimated value:

$215,000

2,400 sqft

136 Washington St

VACANT COMMERCIAL LAND

136 Washington St, Shelbyville, IL 62565-2330

Estimated value:

$255,000

0.15 AC lot

139 Washington St

COMMERCIAL (GENERAL)

139 Washington St, Shelbyville, IL 62565-2331

Estimated value:

$210,000

2,400 sqft 0.05 AC lot

203 Washington St

COMMERCIAL (GENERAL)

203 Washington St, Shelbyville, IL 62565-2329

Estimated value:

$380,000

6,898 sqft 0.35 AC lot

112 Washington St

VACANT COMMERCIAL LAND

112 Washington St, Shelbyville, IL 62565-2330

Estimated value:

$250,000

0.03 AC lot

105 Vine St

COMMERCIAL (GENERAL)

105 Vine St, Shelbyville, IL 62565-1357

Estimated value:

$260,000

0.16 AC lot

101 Vine St

COMMERCIAL (GENERAL)

101 Vine St, Shelbyville, IL 62565-1835

Estimated value:

$250,000

0.29 AC lot

1598 State Hwy 16

INDUSTRIAL (GENERAL)

1598 State Hwy 16, Shelbyville, IL 62565-4470

Estimated value:

$275,000

14.13 AC lot

Shelbyville, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Shelbyville, IL, showcased through 4 active listings 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 $2,063,322.

Sale prices for business properties in Shelbyville, IL start at $249,900, averaging $515,830, 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	$515.8K

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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