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    105 Main St Shelbyville, IL 62565

    Sponsored
    For Sale
    $350,000

    Turnkey Retail Building, High Occupancy

    Property size:
    4,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Shelbyville, IL investment opportunity presents a fee-simple ownership of a 4,600 square foot multi-tenant retail building located at 105 Main St, zip code 62565. Built in 1885, the property boasts 100% occupancy with two units currently generating income. The main level houses a thriving sporting goods store, complete with all inventory, shelving, equipment, and office furnishings. The fully stocked store includes fishing gear, live bait, and a wide selection of lures. A finished basement offers significant expansion potential. The rear of the building is occupied by a successful barbershop, complete with all equipment including chairs, stations, washer, and dryer, providing a consistent monthly income stream. The upper level features a fully equipped recreation center, including a commercial batting cage and laser tag arena, ideal for group events and birthday parties. All equipment for the recreation center remains with the sale. The asking price is $350,000, translating to $76.09 per square foot. This turnkey operation presents a rare opportunity for immediate income and significant future growth in a prime Main Street location.

    Property Features for 105 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,600 SF

    Building Details

    Year Built
    1885
    Units
    2

    HighLights

    • $350,000 asking price for a fee simple ownership.
    • 4,600 square foot retail storefront in Shelbyville, IL.
    • 100% occupied multi‑tenant property with two units.
    • $76.09 price per square foot.
    • Built in 1885.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Illinois
    Longitude
    -88.7938767
    Latitude
    39.4068762

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    FAQs

    What type of property is this?
    Individual retail property - Turnkey Retail Building, High Occupancy
    Where is this individual retail property located?
    The property is located at 105 Main St Shelbyville, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price for a fee simple ownership.; 4,600 square foot retail storefront in Shelbyville, IL.; 100% occupied multi-tenant property with two units.
    Request Owner's contact information
    105 Main St Shelbyville, IL 62565
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    Shelbyville, IL 62565
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 Main St Shelbyville, IL 62565
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