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    Shelbyville, IL
    Residential Income

    Shelbyville, IL Residential Income Properties for Sale

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    Findlay, IL Windsor, IL Cowden, IL Pana, IL Assumption, IL Beecher City, IL Herrick, IL Sullivan, IL
    Turnkey Restaurant With Income Apartments
    Updated: Nov 14, 2025
    Turnkey Restaurant With Income Apartments

    114 E Main St, Shelbyville, IL 62565

    $289,900
    Turnkey downtown restaurant with a spacious, open main dining room plus a separate private dining room
    Fully equipped commercial kitchen with major appliances and prep stations included
    Bar area offers abundant seating for patrons to gather before or after meals
    Upstairs includes 2 income‑producing apartments, both currently rented
    Street parking in front and a parking lot behind the building for guests and tenants
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Shelbyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fully Occupied Apartment Building
    Fully Occupied Apartment Building

    300 E 2nd Street, Pana, IL 62557

    $179,000
    2,116 sqft 0.26 AC lot

    The building offers one-bedroom residences, a renovated apartment, and coin-operated laundry for occupants.

    View details
    Ranch-Style Single-Family Home
    Ranch-Style Single-Family Home

    104 E North 2nd Street, Findlay, IL 62534

    $268,900

    New one-level ranch home with zero-step entry, vaulted ceilings, and an attached two-car garage near Lake Shelbyville.

    View details
    110-Unit Apartment Building
    110-Unit Apartment Building

    520 S Church St, Decatur, IL 62522

    Contact for pricing
    99,490 sqft

    Apartment community serving a market with manufacturing and logistics employers.

    View details
    65-Unit Apartment Building
    65-Unit Apartment Building

    1740 S Fairview Ave, Decatur, IL 62521

    Contact for pricing

    Includes recently renovated units and a laundry room nearing completion near Millikin University.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Lot in Taylorville, IL
    Residential Lot in Taylorville, IL

    LAKESIDE Drive lot: 10, Taylorville, IL 62568

    $44,900

    Residential lot suitable for building with walkout basement potential.

    View details

    Shelbyville, IL Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Shelbyville, IL on our real estate platform.

    Sale prices for residential income properties in Shelbyville, IL average $289,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Multifamily properties 1

    Demographics Overview

    Population 7,422
    Population Growth (5Y) +5.7%
    Median Household Income $61,722
    College Educated 26.8%

    High-Yield Neighborhoods for Investment

    Identify Shelbyville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62565 $289.9K

    Taxes & Financing

    Tax Rate (average for all types) 8.04%
    Property Tax per SF $86.06 per SF
    Average Loan-to-Value 65.0%

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