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    Findlay, IL Mode, IL Windsor, IL Cowden, IL Pana, IL Assumption, IL Beecher City, IL Herrick, IL
    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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    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 Office Building with Parking
    Brick Office Building with Parking

    801 Broadway Avenue, Mattoon, IL 61938

    $640,000

    All-brick office buildings from 2000 and 2004 with renovated interiors from 2021 and 2022, plus on-site parking.

    View details
    Flexible Two-Level Office Building
    Flexible Two-Level Office Building

    2300 Champaign Ave, Mattoon, IL 61938

    $120,000

    Multi-room layout includes meeting space, a kitchenette, separate restrooms, and on-site parking.

    View details
    Brick Office Building with Basement
    Brick Office Building with Basement

    2602 N Morgan St, Decatur, IL 62526

    Contact for pricing

    M-1-zoned office property with multiple private rooms, shared workspace, and on-site parking.

    View details
    Office Building with Reception Area
    Office Building with Reception Area

    329 W Eldorado St, Decatur, IL 62522

    $159,900

    Configured with private offices, conference space, and reception facilities for an established business setting.

    View details

    Shelbyville, IL Office Buildings Market Trends and Statistics

    Explore 1 office buildings 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 office properties 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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