Building Details

Building Size 7,768 SF

Year Built 1980

Listing Agency: RE/MAX t***@remax.net Show Phone

Listed By: Tony Lape · License #76367762 Show Phone

Source: Remaxcommercial

Added: Sep 25, 2025 Changed: Aug 8 Last Checked: Aug 24 at 3:09AM

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Investment Insights

Based on property information with market context.

This commercial building, previously used as a bank, offers potential uses such as an office complex, restaurant, or medical clinic. Located on the corner lot of N. Morgan and N. 1st Streets in Downtown Shelbyville, it is near the Courthouse, other businesses, and city and county offices. The original building was completely remodeled in 2012, and a large addition was completed. The property features almost 8000 square feet of flexible space, including a large open reception area, 13 to 15 offices, two conference rooms (large and small), a lounge with a kitchenette, an exercise room with a shower, and two vaults.

Key Highlights

• 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.**

Property Analytics

Property Profile

Current Use

Office buildings

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.

Location Intelligence

Trade Area within ½ mile

326

Businesses Nearby

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 Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Remodeled commercial building in downtown Shelbyville with flexible space.

Where is this office building located?

The property is located at 200 N Morgan Street Shelbyville IL 62565 Shelbyville, IL.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 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.**