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    Us-51 Decatur, IL 62535

    For Sale
    $600,000

    Prime 4.07-acre residential lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4.07-acre residential development lot presents a unique investment opportunity in Forsyth, Illinois. Strategically located on US Route 51, this property boasts 200 feet of road frontage, offering significant visibility and accessibility. Situated within the Forsyth Tax Increment Financing (TIF) district, developers can benefit from available incentives, making this an attractive proposition for various projects. The lot's address is on US-51 in Forsyth, Macon County, Illinois, zip code 62535. Its convenient location provides easy access to Interstate 72, enhancing connectivity and appeal. Forsyth itself is a thriving suburb of Decatur, Illinois, a key retail hub in Macon County. The property's APN is 07-07-14-153-024. The asking price for this remarkable parcel is $600,000. This land offers substantial potential for residential development, capitalizing on Forsyth's desirable location and the advantages of the TIF district. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this prime real estate offering.

    Property Features for 0 Us-51

    General Information

    Property type
    Land
    Lot Size
    177,289 SF

    HighLights

    • 4.07‑acre residential development lot in Forsyth, IL.
    • 200 feet of US Route 51 frontage.
    • Located in Forsyth TIF district, offering developer incentives.
    • Easy access to Interstate 72.
    • Asking price: $600,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.955505394084
    Latitude
    39.927874769404

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    FAQs

    What type of property is this?
    Land - Prime 4.07-acre residential lot, excellent location.
    Where is this land located?
    The property is located at Us-51 Decatur, IL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 4.07-acre residential development lot in Forsyth, IL.; 200 feet of US Route 51 frontage.; Located in Forsyth TIF district, offering developer incentives.
    (217) 422-3335
    Request Owner's contact information
    Us-51 Decatur, IL 62535
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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
    Us-51 Decatur, IL 62535
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