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Forsyth, IL Mixed-Use Investment

849 U.S Hwy 51, Forsyth, IL 62535

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For Sale

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Stabilized commercial investment property in Forsyth, Illinois with long-term tenants.

Type:Mixed Use

Property size:

6,762 SF

Lot size:

1.10 Acres

Price / SF:

$132/SF

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Austin Deaton

Real Estate License ID: 475198953

HighLights

Stabilized commercial investment with four established, long‑term tenants providing great income.
High traffic location with 18,300 average vehicles per day (VPD) and great road frontage.
Ample parking on a 1.1‑acre lot with an asphalt parking lot.
Durable brick and stucco construction with a metal roof.
Close proximity to many amenities and I‑72 Interstate.
Seller financing available with agreeable terms.

Learn more

For Sale

Contact for pricing

Stabilized commercial investment property in Forsyth, Illinois with long-term tenants.

Type:Mixed Use

Property size:

6,762 SF

Lot size:

1.10 Acres

Price / SF:

$132/SF

Added:: Oct 17, 2024
Days on Market:: 628
Last Refresh:: Jul 5 at 11:39 am

Property Features for 849 U.S Hwy 51

General Information

Standard status: Active
Size: 6,762 SF
Lot size: 1.10 Acres
Property subtype: Mixed Use

Building Details

Year Built: 1988

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Contact an agent

Austin Deaton

Listing office Brinkoetter Realtors

Listing date Oct 17, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Brinkoetter Realtors

HighLights

Stabilized commercial investment with four established, long‑term tenants providing great income.
High traffic location with 18,300 average vehicles per day (VPD) and great road frontage.
Ample parking on a 1.1‑acre lot with an asphalt parking lot.
Durable brick and stucco construction with a metal roof.
Close proximity to many amenities and I‑72 Interstate.
Seller financing available with agreeable terms.

Overview

This mixed-use property is located in Forsyth, Illinois, and offers an investment opportunity. The building features brick and stucco construction and a metal roof. The property includes an asphalt parking lot and has road frontage with a traffic count of 18,300 average vehicles per day. It is situated in close proximity to amenities and Interstate I-72. The property is positioned as a stabilized commercial investment, hosting four established and long-term tenants. The property size is 6,762 square feet and it sits on a 1.1-acre lot. The owner is responsible for taxes, insurance, and exterior maintenance. Seller financing is available with agreeable terms.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$81.1k	$12.00
− Vacancy	−$8.1k	−$1.20
EGI	$73.0k	$10.80
− OpEx	−$27.4k	−$4.05
NOI	$45.6k	$6.75

6,762 SF · lease $12.00/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$652.1K

$570.6K – $760.7K (±1% cap)

NOI $45,644 @ 7.0% cap · market cap 5.08%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$1.14M

$993.8K – $1.33M (±1% cap)

NOI $79,505 @ 7.0% cap · market cap 8.84%

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

Location Intelligence

Current Use by Public Records

Mixed-use properties

Map

City: Forsyth
County: Macon
State: Illinois
Longitude: -88.9526
Latitude: 39.9312

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For sale
Mixed-use properties
IL
Forsyth
62535
849 U.S Hwy 51

What type of property is this?

Mixed-use property - Stabilized commercial investment property in Forsyth, Illinois with long-term tenants.

Where is this mixed-use property located?

The property is located at 849 U.S Hwy 51 Forsyth, IL.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Stabilized commercial investment with four established, long‑term tenants providing great income.; High traffic location with 18,300 average vehicles per day (VPD) and great road frontage.; Ample parking on a 1.1‑acre lot with an asphalt parking lot.