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    Shelbyville, IL Restaurants for Sale

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    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
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Shelbyville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Bar & Grill with Covered Patios
    Bar & Grill with Covered Patios

    483 E Us Highway 40, Altamont, IL 62411

    $415,000
    1.00 AC lot

    An operating bar and grill combines dining, gaming, and entertainment areas with outdoor covered patios.

    View details
    Reconstructed Drive-Through Restaurant
    Reconstructed Drive-Through Restaurant

    1209 Broadway Ave E, Mattoon, IL 61938

    Contact for pricing
    1.35 AC lot

    Freestanding corner facility offers restaurant improvements, drive-through infrastructure, parking, and signage along IL Route 16.

    View details
    Bar and Grill Restaurant
    Bar and Grill Restaurant

    112 W Adams Avenue, Altamont, IL 62411

    $579,000

    Bar and grill with a rented upstairs apartment and a private room for events.

    View details
    Former KFC Investment Property
    Former KFC Investment Property

    1000 Charleston Ave, Mattoon, IL

    Contact for pricing
    2,449 sqft 0.48 AC lot

    Former KFC property in Mattoon, Illinois, for sale.

    View details

    Shelbyville, IL Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Shelbyville, IL on our real estate platform.

    Sale prices for restaurant 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

    Conventional restaurants 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%

    How Realmo verifies these figures

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