Property profile

1119 Morgan St Shelbyville, IL 62565

OFF-MARKET
Commercial real estate
Property ID
US28-4418243
0.76 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.76 ac (33,108 SF)
APN 2013-07-08-201-010
UPID US28-4418243

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1119 Morgan St Shelbyville, IL 62565-9331
Shelbyville metro Census 959300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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