Forsyth, IL Mixed-Use
For Sale
Contact for pricing
Pending
849 U.S Hwy 51, Forsyth, IL 62535
Stabilized commercial investment property in Forsyth, Illinois with long-term tenants.
Property Size6,762 SF
Lot Size1.10 Acres
Days on Market719
Property Features for 849 U.S Hwy 51
General Information
Standard status
Pending
Size
6,762 SF
Class
B
Total Parking Spaces
75
Lot size
1.10 Acres
Property subtype
Mixed Use
Zoning
MUN
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$76,803
Building Details
Year Built
1988
Year Renovated
2024
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Brinkoetter Realtors
Listed By:
Austin Deaton · License #475198953
(217) 454-9381
Source:
Crexi
Added: Oct 17, 2024
Changed: Sep 11
Last Checked: Oct 4 at 9:17AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,644
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$912,880
$912.9K
Cap Rate 7%
$652,057
$652.1K
Cap Rate 9%
$507,156
$507.2K
Market Conditions
NOI Build-Up for 6,762 SF
Gross rent
$81.1K $12.00/SF
− Vacancy
−$8.1K −$1.20/SF
EGI
$73.0K $10.80/SF
− OpEx
−$27.4K −$4.05/SF
NOI
$45.6K $6.75/SF
Area
Macon County, IL
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$912,880
Cap Rate 7%
$652,057
Cap Rate 9%
$507,156
Alternative Uses
Best Use
Mixed Use
$652.1K
$570.6K – $760.7K
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
NOI $79,505 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 62535, IL
3,745
Population
1,346
Households
2.8
Avg Household Size
44
Median Age
59%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
1,040
Density / Sq Mi
$113,456
Median Household Income
$69,632
Median Earnings
$1,207
Median Rent
$289,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
