Building Details

Floors in Building 4

Building materials Aluminum Siding, Block, Brick

Roof type Flat, Metal

Listing Agency: Adam Merrick Real Estate h***@adammerrick.com Show Phone

Listed By: Adam Merrick · License #471018071 Show Phone

Added: Oct 22, 2025 Changed: Aug 19 Last Checked: Aug 21 at 4:06AM

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MLS# PA1261797

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Investment Insights

Based on property information with market context.

This fully operational grain elevator warehouse in Forest City, IL is designed for bulk grain storage and efficient movement. The facility offers total storage capacity of over 1.7 million bushels, including a newer 515,000 bushel bin. Recent modernization is supported by substantial electrical system and core infrastructure upgrades completed within the last five years.

Operational features include a main house pit with a capacity of 300 bushels and an unloading rate of 6,000 BPH (bushels per hour). A separate pit holds 3,000 bushels and is equipped with a 15,000 BPH leg. The office space totals 600 square feet and includes a 200-square-foot tool shop.

The property sits on a 2-acre lot with water available and public sewer, and is heated with natural gas. Roof types include flat and metal, and exterior materials include aluminum siding, block, and brick. The facility is part of a package deal with 600 S. Broadway St in Manito.

Key Highlights

• Over 1.7 million bushels of total storage capacity
• Newer 515,000 bushel bin as part of the storage system
• Electrical system and core infrastructure upgrades completed within the last five years

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Pet Store & Service Accounting Firm Restaurant Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 61532, IL

475

Population

203

Households

2.3

Avg Household Size

45

Median Age

20%

College-Educated

97%

High-School Grad

30.8 sq mi

ZIP Area

15

Density / Sq Mi

$52,857

Median Household Income

$29,911

Median Earnings

$856

Median Rent

$110,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Fully operational grain elevator warehouse with substantial bin storage capacity and on-site pits with high unloading rates.

Where is this warehouse located?

The property is located at 102 S BROADWAY Street Forest City, IL.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Over 1.7 million bushels of total storage capacity; Newer 515,000 bushel bin as part of the storage system; Electrical system and core infrastructure upgrades completed within the last five years