Operating Grain Elevator
For Sale
$1,350,000
102 S BROADWAY Street, Forest City, IL 61532
Commercial Sale, Forest City, IL
Property SizeContact for details
Lot Size2.00 Acres
Days on Market315
Property Features for 102 S BROADWAY Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIAL
Directions
FOREST CITY, L ON BROADWAY ST.
Standard status
Active
APN
07-07-113-005
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BRODERICK'S ADD 30' IMM NE OF LT 1 & LTS 1-2-3-4-5 & 6 BLK 14 191
Tax Annual Amount
33499
Legal Description
BRODERICK'S ADD 30' IMM NE OF LT 1 & LTS 1-2-3-4-5 & 6 BLK 14 191
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Floors in Building
4
Building materials
Aluminum Siding, Block, Brick
Roof type
Flat, Metal
Listing Agency:
Adam Merrick Real Estate
(309) 282-1000
Listed By:
Adam Merrick · License #471018071
(309) 678-3734
Added: Oct 22, 2025
Changed: Aug 19
Last Checked: Sep 1 at 4:06PM
MLS# PA1261797
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This commercial grain elevator occupies a 2-acre site in Forest City and is currently operating. The facility provides total grain storage capacity of over 1.7 million bushels, including a 515,000-bushel bin. Material improvements to the electrical systems and core infrastructure were completed within the last five years, with additional land available for future development. The property is zoned COMMERCIAL.
Material handling includes a 300-bushel main house pit with an unloading rate of 6,000 BPH and a separate 3,000-bushel pit served by a 15,000 BPH leg. On-site office space totals 600 square feet and includes a 200-square-foot tool shop. The property has water available, public sewer, natural gas heat, and flat and metal roof sections. This facility is offered as part of a package with 600 S. Broadway St in Manito.
Material handling includes a 300-bushel main house pit with an unloading rate of 6,000 BPH and a separate 3,000-bushel pit served by a 15,000 BPH leg. On-site office space totals 600 square feet and includes a 200-square-foot tool shop. The property has water available, public sewer, natural gas heat, and flat and metal roof sections. This facility is offered as part of a package with 600 S. Broadway St in Manito.
Key Highlights
- Over 1.7 million bushels of total grain storage capacity
- 515,000‑bushel bin added as a major storage component
- 300‑bushel main house pit with 6,000 BPH unloading rate
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural property - Currently operating commercial grain facility with substantial storage, upgraded infrastructure, and land available for additional development.
Where is this agricultural property 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 grain storage capacity; 515,000‑bushel bin added as a major storage component; 300‑bushel main house pit with 6,000 BPH unloading rate
