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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.

    Medical Condo Office Units
    Medical Condo Office Units

    401 N Keller Dr, Effingham, IL 62401

    $1,200,000
    6,000 sqft

    Two middle condo suites totaling 6,000 SF, with one vacant and ready for occupancy in an established healthcare-anchored center.

    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
    Showroom Building with Detached Garage
    Showroom Building with Detached Garage

    1704 S Banker St, Effingham, IL 62401

    $385,000

    Includes office, workspace, breakroom, parking, and two recently installed furnaces.

    View details
    A-Frame Retail Space
    A-Frame Retail Space

    3320 Marshall Avenue, Mattoon, IL 61938

    $99,900

    Open layout with vaulted ceilings, covered porch, parking, and existing salon fixtures.

    View details

    Shelbyville, IL Office Spaces Market Trends and Statistics

    Explore 1 office spaces 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 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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