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    Shelby County, IL Multifamily Properties for Sale

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    Turnkey Restaurant With Income Apartments
    Updated: Nov 14, 2025
    Turnkey Restaurant With Income Apartments

    114 E Main St, Shelbyville, IL 62565

    $289,900
    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
    Upstairs includes 2 income‑producing apartments, both currently rented
    Street parking in front and a parking lot behind the building for guests and tenants
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Shelby County, IL, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Development Parcel
    Commercial Land Development Parcel

    17039 Hillside Lane, Jerseyville, IL 62052

    $70,000
    2.10 AC lot

    Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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    Residential Lot in Park Hills
    Residential Lot in Park Hills

    226 N Large Street, Park Hills, MO 63601

    Contact for pricing
    0.26 AC lot

    Corner lot suitable for building or mobile home placement.

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    Residential Lot in Wellsville, MO
    Residential Lot in Wellsville, MO

    412 Washington Street, Wellsville, MO 63384

    Contact for pricing
    0.17 AC lot

    Ready-to-build residential lot in a charming small town.

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    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

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    Shelby County, IL Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Shelby County, IL on our real estate platform.

    Sale prices for multifamily properties in Shelby County, IL average $289,900 — 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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