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    Property profile & analytics

    105 Main St Shelbyville, IL 62565

    • Commercial real estate
    • 4,600 SF
    • 0.12 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-4055543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 105 Main St

    Lot size
    0.12 lot acres
    Property size
    4,600 SF
    Property type
    Commercial real estate
    APN
    2013-07-20-404-006
    APU
    20130720404006

    Description

    This exceptional Shelbyville, IL commercial property, located at 105 Main Street, presents a unique investment opportunity. Spanning 0.12 acres, the building offers a diverse range of income-generating spaces. The main level currently operates as a thriving sporting goods store, fully stocked with fishing gear, bait, lures, and all necessary equipment. All inventory, shelving, and equipment are included in the sale. A well-equipped office space, complete with computers, desk, seating, and a small refrigerator, is also located on the main level. A finished basement offers significant potential for expansion or additional rental income. The rear of the building houses a successful barbershop, generating consistent monthly revenue and equipped with barber chairs, stations, and laundry facilities. Finally, the upper level features a fully operational recreation center, including a commercial batting cage and a laser tag arena. All equipment for both attractions is included in the sale, making this an ideal venue for groups and birthday parties. This turnkey operation offers immediate income streams and significant upside potential for a savvy investor. The asking price is $350,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Illinois
    Longitude
    -88.7935
    Latitude
    39.4069

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,129
    $18,099
    $31,532
    $49,631
    -
    $54,297
    $94,596
    $148,893

    Comparable in this City

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      101 Main St

      COMMERCIAL (GENERAL) • 0.06 Acres
      101 Main St, Shelbyville, IL 62565-1651
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      1.00 Acre

      1507 State Hwy 16

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    Similar Nearby for Sale

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      4,600 SF

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    • $329,000
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    105 Main St
    Shelbyville, IL 62565
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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