Medical Premises

Shelbyville, IL Medical Office Space for Sale

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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.
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Shelbyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Medical Center
Renovated Medical Center

1325 KOESTER DR, Forsyth, IL 62535

Contact for pricing
4,856 sqft 0.46 AC lot

Net-leased urgent care facility with recent improvements and a long-term lease structure.

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Medical Office Space For Sale
Medical Office Space For Sale

845 S Route 51, Forsyth, IL 62535

$1,499,000
7,200 sqft 1.28 AC lot

7200 SF medical office on 1.28 acres, Forsyth, Illinois.

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Medical Office Building For Sale
Medical Office Building For Sale

675 E Snyder Dr, Decatur, IL 62526

$559,000
3,224 sqft 0.35 AC lot

Custom-built medical office in central business district, suitable for owner-occupancy.

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Medical Office and Office Building
Medical Office and Office Building

1501 N Water St, Decatur, IL 62526

$250,000

Updated HVAC and roof support a versatile medical or office layout with multiple entrances and exam rooms.

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Shelbyville, IL Medical Office Space Market Trends and Statistics

Explore 1 medical office space for sale in Shelbyville, IL 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 $799,000.

Sale prices for medical spaces in Shelbyville, IL average $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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Medical Office Space 1
Office buildings 1

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 $799K

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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