This research explores the effect of various humidity conditions and the efficiency of shrinkage-reducing admixtures on the free shrinkage strain of ordinary Portland cement (OPC) concrete and its mechanical properties. An OPC concrete C30/37 mixture was replenished with 5% of quicklime and 2% of organic-compound-based liquid shrinkage-reducing agent (SRA). The investigation revealed that a combination of quicklime and SRA led to the highest reduction in concrete shrinkage strain. Polypropylene microfiber addition was not so effective in reducing the concrete shrinkage as the previous two additives did. The prediction of concrete shrinkage without quicklime additive was performed according to EC2 and B4 model methods, and the obtained results were compared with the experimental ones. The B4 model evaluates the parameters more than the EC2 model does and, therefore, was modified to calculate the concrete shrinkage for the case of variable humidity and to evaluate the effect of quicklime additive. The experimental shrinkage curve that best coincides with the theoretical one was that obtained by the modified B4 model.