Retail

Shelbyville, IL Retail Properties & Spaces for Sale

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Findlay, IL Mode, IL Windsor, IL Cowden, IL Pana, IL Assumption, IL Beecher City, IL Herrick, IL
Downtown Shelbyville Commercial Building
Updated: Sep 25, 2025
Downtown Shelbyville Commercial Building

200 N Morgan Street Shelbyville IL 62565, Shelbyville, IL 62565

$799,000
7,768 sqft
Almost 8000 square feet of flexible space suitable for various uses.
Prime downtown location on the corner of N. Morgan and N. 1st Streets, near the Courthouse and other businesses.
Completely remodeled in 2012 with a large addition.**
Includes 13‑15 offices, 2 conference rooms, lounge with kitchenette, and exercise room with shower.
Features two vaults, offering secure storage.
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Three-Level Mixed-Use Building
Updated: Aug 3
Three-Level Mixed-Use Building

105 E Main St, Shelbyville, IL 62565

$249,900
Three finished commercial levels in a mixed‑use building
Main level includes an outdoor sporting goods business with fishing equipment, live bait, lures, and camping supplies
Upper level has batting cages, laser tag, play equipment, and two restrooms
Upper‑floor private entrance supports alternative office, residential, or commercial planning
Finished lower level offers retail, storage, or office space
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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 7 Potential Opportunities for your consideration. Besides 2 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.

Self-Service Laundry Retail Space
Self-Service Laundry Retail Space

3201 Marshall Ave, Mattoon, IL 61938

Contact for pricing
1,500 sqft

Freestanding retail property with existing laundry infrastructure and a fully unattended operating model.

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Downtown Retail Storefront
Downtown Retail Storefront

128 Main Street, Moweaqua, IL 62550

$115,000

Open commercial layout accommodates retail displays, desks, or a customer greeting area.

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Historic Mixed-Use Building
Historic Mixed-Use Building

102 Main Street, Moweaqua, IL 62550

$295,000

Brick commercial property with central air, forced-air heating, basement space, and COM zoning in downtown Moweaqua.

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A-Frame Retail Space
A-Frame Retail Space

3320 Marshall Avenue, Mattoon, IL 61938

$99,900

Open layout with vaulted ceilings, covered porch, parking, and existing salon fixtures.

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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.

Commercial Corner Lot
Commercial Corner Lot

E Bidwell Street, Taylorville, IL 62568

$150,000
0.60 AC lot

C-1-zoned commercial land with available water and public sewer in an anchored retail plaza.

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Shelbyville, IL Retail Properties & Spaces Market Trends and Statistics

Explore 2 retail properties & spaces for sale in Shelbyville, IL on our real estate platform. These investment opportunities span a total of 7,768 square feet of properties for sale, with an estimated market value of $1,048,900.

Sale prices for stores in Shelbyville, IL start at $249,900, averaging $524,450, and reaching up to $799,000 — 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

Storefront properties 2
Banks 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 $524.5K

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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