Building Details

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Listing Agency: Glenda Sphar Realty Show Phone

Listed By: Glenda Sphar Show Phone

Source: Exprealty

Added: Nov 14, 2025 Changed: Aug 20 Last Checked: Sep 8 at 6:54AM

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Investment Insights

Based on property information with market context.

Located at 114 E Main St in Shelbyville, IL, this well-maintained restaurant property offers a turnkey setup with a spacious, fully equipped commercial kitchen. The kitchen includes major appliances and prep stations, supported by a guest-ready main level featuring a large open dining room as well as a private dining room that can support special occasions, office dinners, meetings, and private parties. A generous bar area provides additional seating for patrons.

Upstairs, the property includes two income-producing apartments, both currently rented, providing immediate additional revenue alongside the restaurant. Parking is accommodated with street parking directly in front of the building and a parking lot behind the building, supporting convenient access for both dine-in guests and tenants.

Key Highlights

• Turnkey downtown restaurant with a spacious, open main dining room plus a separate private dining room
• Fully equipped commercial kitchen with major appliances and prep stations included
• Bar area offers abundant seating for patrons to gather before or after meals

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office Bakery (Bike/Boat/Book/etc) Store Spa & Massage Center Accounting Firm Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

326

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 62565, IL

7,477

Population

3,769

Households

2

Avg Household Size

45

Median Age

19%

College-Educated

95%

High-School Grad

127.1 sq mi

ZIP Area

59

Density / Sq Mi

$61,722

Median Household Income

$37,917

Median Earnings

$737

Median Rent

$131,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

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

Where is this conventional restaurant located?

The property is located at 114 E Main St Shelbyville, IL.

What is the asking price?

The asking price for this property is $289,900.

What are key features of this property?

This property features: Turnkey downtown restaurant with a spacious, open main dining room plus a separate private dining room; Fully equipped commercial kitchen with major appliances and prep stations included; Bar area offers abundant seating for patrons to gather before or after meals