Downtown Shelbyville Commercial
For Sale
$799,000
200 N Morgan Street Shelbyville IL 62565, Shelbyville, IL 62565
Remodeled commercial building in downtown Shelbyville with flexible space.
Property Size7,768 SF
Price / SF$102.86
Days on Market403
Property Features for 200 N Morgan Street Shelbyville IL 62565
General Information
Standard status
Active
Size
7,768 SF
Total Parking Spaces
15
Property subtype
Business Opportunities
Zoning
COM
Building Details
Building Size
7,768 SF
Year Built
1980
Listing Agency:
RE/MAX
Listed By:
Tony Lape · License #76367762
(217) 774-3675
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Oct 25
Last Checked: Nov 1 at 2:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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.**
