Property profile

1970 State Hwy 16 Shelbyville, IL 62565

OFF-MARKET
Other commercial real estate
Property ID
US28-3530004
5,664 SF 1.8 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

The property is an established welding and fabrication operation located just east of Shelbyville, Illinois, along State Highway 16, with frontage and access from this highway and a position across from Lake Shelbyville Dam. The main shop building is approximately 5,900 square feet, constructed in the 1970s with an addition added in the 1990s, and includes a full concrete floor, insulation, and natural gas heat suitable for welding, fabrication, and equipment storage. The site covers approximately 1.8 acres and includes areas for parking and outdoor storage for customer vehicles, trailers, and equipment, with an open lot that provides flexibility for outdoor work and possible future expansion. The property is configured to support a range of related operations, including welding and fabrication, cylinder exchanges and refills, machining, wholesale materials, livestock gate production, hydraulic hose assembly and installation, and mobile welding services, and the sale package historically included major equipment and inventory needed to continue these activities. The location is approximately 30 miles south of Decatur and 25 miles north of Effingham, in a region influenced by agricultural, industrial, and recreational activity associated with the Lake Shelbyville area.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 5,664 SF
Lot 1.8 ac (78,408 SF)
APN 2013-17-00-200-006
UPID US28-3530004

Cap rate & NOI

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

Location

1970 State Hwy 16 Shelbyville, IL 62565-4630
Shelbyville metro Census 959400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

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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