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Property profile & analytics

1119 Morgan St Shelbyville, IL 62565-9331

  • Commercial real estate
  • 0.76 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-4418243
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 1119 Morgan St

Lot size
0.76 lot acres
Property type
Commercial real estate
APN
2013-07-08-201-010
APU
20130708201010

Description

This exceptional Shelbyville, IL commercial property presents a unique investment opportunity. Priced at $399,000, this 8,000 square foot mixed-use building boasts two structures on a 1.26-acre lot. Built in 2012, the property features a spacious warehouse area exceeding 5,000 square feet, ideal for retail, storage, or a repair shop. The warehouse includes a 24' x 14' overhead door with opener, and two additional roll-up doors, one of which is a dock-high loading door. Three-phase electric service is available. The main building offers a large reception area with built-in desks and cabinets, three sizable offices, a kitchenette, and a full bathroom with a shower. Upstairs, a large conference room and an additional office provide ample space for administrative functions. The adjacent parcel provides ample parking. The property's zoning is commercial, and its proximity to Lake Shelbyville makes it particularly attractive for businesses catering to recreational activities. This versatile property offers numerous possibilities for a discerning investor. The asking price is $399,000, with a price per square foot of $49.88.


Value Estimations

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  • CAP approach

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Location Insight

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  • Local Demand
City
Shelbyville
County
Shelby
State
Illinois
Longitude
-88.7931
Latitude
39.4189

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
$9,173
$15,457
$94,811
$110,268
-
$46,371
$284,433
$330,804
More about this property
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