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    102 S Broadway St Forest City, IL 61532

    For Sale
    $3,200,000

    Commercial - Forest City, IL

    Property size:
    1,735,755 SF
    Lot size:
    2.00 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 11 at 8:06 am

    Property Features for 102 S Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMERCIAL
    APN
    07-07-113-005
    Size
    1,735,755 SF
    Lot size
    2.00 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Building materials
    Aluminum Siding, Block, Brick
    Roof type
    Flat, Metal
    Architectural style
    Other

    Adam Merrick Real Estate (309) 273-1808 [email protected]

    Listing agent Adam Merrick (309) 282-1000 License #471018071

    Listing date Nov 12, 2025

    MLS# PA1261797 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High-Capacity Grain Elevator For Sale

    This is an opportunity to acquire a fully operational grain elevator in Forest City, IL. The turnkey facility has a total storage capacity of over 1.7 million bushels. A newer 515,000 bushel bin reflects recent investment and modernization. The facility's growth potential is supported by upgrades to the electrical systems and core infrastructure within the last five years, designed to accommodate future expansion. Ample land is available for further development. The main house pit has a capacity of 300 bushels with an unloading rate of 6,000 bushels per hour. A separate pit holds 3,000 bushels and is equipped with a 15,000 bushels per hour leg. The office space is 600 square feet, which includes a 200-square-foot tool shop. The property is zoned for commercial use and sits on a 2-acre lot.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Accounting Firm Bar & Pub Pet Supply Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Forest City
    County
    Mason
    State
    Illinois
    Longitude
    -89.827996
    Latitude
    40.369883

    FAQs

    What type of property is this?
    Farm - Operating grain elevator with 1.7M+ bushel capacity and expansion potential.
    Where is this farm located?
    The property is located at 102 S Broadway St Forest City, IL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - 1.7 Million+ Bushel Storage Capacity: Provides substantial storage.; - Expansion Potential: Ample land and upgraded infrastructure support future growth.; - Newer 515,000 Bushel Bin: Represents recent investment.
    (309) 282-1000
    Request Owner's contact information
    102 S Broadway St Forest City, IL 61532
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    Forest City, IL 61532
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 S Broadway St Forest City, IL 61532
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