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    Shelbyville, IL
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    Shelbyville, 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 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.

    Brick Apartment Building with Five Units
    Brick Apartment Building with Five Units

    209 S CENTRAL AVE, Casey, IL 62420

    Contact for pricing
    3,948 sqft

    Solid brick rental building featuring five large apartments with separate utility metering.

    View details
    9-Unit Brick Apartment Building
    9-Unit Brick Apartment Building

    107-14 N Central Ave, Casey, IL 62420

    $179,900

    Converted office improvements now accommodate a varied residential unit configuration in a brick building.

    View details
    110-Unit Apartment Building
    110-Unit Apartment Building

    520 S Church St, Decatur, IL 62522

    Contact for pricing
    99,490 sqft

    Apartment community serving a market with manufacturing and logistics employers.

    View details
    65-Unit Apartment Building
    65-Unit Apartment Building

    1740 S Fairview Ave, Decatur, IL 62521

    Contact for pricing

    Includes recently renovated units and a laundry room nearing completion near Millikin University.

    View details

    Shelbyville, IL Multifamily Properties Market Trends and Statistics

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

    Sale prices for multifamily properties in Shelbyville, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 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 $289.9K

    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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