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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
Last sale May 2026 · $200,000
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$4k
Tax billed · 2022
Assessed value$56k
Assessed land$10k
Assessed improvement$46k
Effective rate6.46%

Value estimate

· Oct 2026
$250k
$225k – $275k
AI approach$250k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSHELBY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply10.5
Realty agency9.4
Dental Office9.1

Location

1970 State Hwy 16 Shelbyville, IL 62565-4630
County assessor Recorded deeds · 1 transfer 11 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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