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    849 Hwy Forsyth, IL 62535

    For Sale
    $1,299,000

    High-yield, 100% occupied, 4-unit building.

    Property size:
    6,762 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional Forsyth, IL investment opportunity: This 6,762 square foot, 100% occupied, four-unit mixed-use building presents a stabilized commercial investment with a 7.48% cap rate and $97,189 annual NOI. The property, built in 1988 and renovated in 2024, features a brick and stucco exterior with a metal roof, situated on a 1.02-acre lot with 75 parking spaces. Located at 849 US Route 51, it benefits from high visibility with an average daily traffic count of 18,300 vehicles and convenient access to I-72. The four tenants, all credit-rated franchisees, are under gross leases with 3% annual rent bumps, commencing January 1, 2013, and expiring December 31, 2028. The property is zoned MUN and offers a strong return on investment with a price per square foot of $192.10 and a price per unit of $324,750. The seller is open to financing options with agreeable terms. The owner is responsible for taxes, insurance, and exterior maintenance. This is a turnkey investment opportunity in a desirable location.

    Property Features for 849 Hwy

    General Information

    Property type
    Medical space
    Square Feet
    6,762 SF
    Class
    B
    Lot Size
    44,431 SF

    Building Details

    Year Built/Renovated
    1988/2024
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • Stable, Cash‑Flowing Investment Property
    • Excellent Interstate Accessibility
    • Prime Location
    • Long‑Term, Creditworthy Tenants
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical space

    Map

    City
    Forsyth
    County
    Macon
    State
    Illinois
    Longitude
    -88.956309666699
    Latitude
    39.923348821858

    Nearby Comparable

    • $1,499,999
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      Forsyth Medical Office Building

      7,200 SF Medical Office, 8.14% Cap Rate
      845 Us-51, Forsyth, IL 62535
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    • $750,000

      Land For Sale Forsyth, IL

      Land available for sale in Forsyth, Illinois.
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    • $600,000
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      Forsyth Development Land - Route 51

      Prime 4.07-acre residential lot, excellent location.
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    • $999,000

      Commercial Land For Sale

      7.57 acres of commercially zoned land with high visibility.
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    • $250,000

      Forsyth, IL Development Opportunity

      2.7 acre lot in Forsyth's retail corridor.
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    • $489,000
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      Fully Leased Office Investment Property

      Fully leased office building with high visibility and future development potential.
      1110 Arbor Dr, Decatur, IL 62526
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    Nearby Similar for Sale

    • $1,499,999
      7,200 SF

      Forsyth Medical Office Building

      7,200 SF Medical Office, 8.14% Cap Rate
      845 Us-51, Forsyth, IL 62535
      View Details

    FAQs

    What type of property is this?
    Medical space - High-yield, 100% occupied, 4-unit building.
    Where is this medical space located?
    The property is located at 849 Hwy Forsyth, IL.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: Stable, Cash-Flowing Investment Property; Excellent Interstate Accessibility; Prime Location
    Request Owner's contact information
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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
    849 Hwy Forsyth, IL 62535
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