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    Forsyth, IL
    Medical Premises

    Forsyth, IL Medical Office Space for Sale

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    Decatur, IL Oreana, IL Maroa, IL Macon, IL Mt Zion, IL Cerro Gordo, IL Dalton City, IL Mount Zion, IL
    Medical Office Space For Sale
    Updated: Aug 1, 2024
    Medical Office Space For Sale

    845 S Route 51, Forsyth, IL 62535

    $1,499,000
    7,200 sqft 1.28 AC lot
    High‑visibility location directly off US Route 51 with over 20,000 vehicles per day.
    Fully leased dual‑tenant facility with a pharmacy already in place.
    7,200 square foot building on a 1.28‑acre parcel.
    Parking lot with 75 spaces and a drive‑through for the pharmacy.
    Medical office space includes a dual‑sided lobby, four restrooms, receptionist area, break room, office, nurse bullpen, lead X‑RAY room, and multiple exam rooms.
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    This listing looks promising.

    Here's a quick look at some key insights for

    845 S Route 51, Forsyth, IL, 62535-9809

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    • Est. Cap Rate

      5.7%
      NOI ÷ price

    • Est. NOI

      $85K
      Annual

    • Price @ 7% Cap

      $1.21M
      Suggested

    • Last Sold

      Apr 2013
      $1.58M
    View Property Analytics
    Forsyth Medical Office Investment Opportunity
    Updated: Nov 1, 2023
    Forsyth Medical Office Investment Opportunity

    845 US-51, Forsyth, IL 62535

    Contact for pricing
    7,200 sqft 1.28 AC lot
    Fully leased property providing immediate income.
    High‑traffic location on US Route 51 with over 20,000 vehicles per day.
    Dual tenant facility with a pharmacy as a current tenant.
    Leases mature in 2027 with options to extend.
    Ample parking with 75 spaces.
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Forsyth, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Medical/Office Building on High-Visibility Corridor
    Medical/Office Building on High-Visibility Corridor

    3131 N Water St, Decatur, IL 62526

    $1,400,000
    6,200 sqft 1.17 AC lot

    Freestanding 6,200 SF building ideal for medical or professional services.

    View details
    Corner Storefront Property
    Corner Storefront Property

    320 N WALNUT Street, Taylorville, IL 62568

    $195,000
    0.34 AC lot

    Corner storefront property zoned C-1 with central air, natural gas heat, and a large lot for off-street parking.

    View details
    Corner Lot Office and Retail Building
    Corner Lot Office and Retail Building

    320 N WALNUT Street, Taylorville, IL 62568

    Contact for pricing
    4,600 sqft

    Office and retail building on a highly visible corner lot with large windows, skylights, and substantial basement space.

    View details
    Free-Standing Medical Office Building
    Free-Standing Medical Office Building

    3035 E Mound Road, Decatur, IL 62526

    Contact for pricing

    Single-use medical office building with about 40 rooms, multiple restroom facilities, newer A/C units, and compliant egress.

    View details

    Off-Market Properties in Forsyth, IL

    Consider similar Off-Market properties in Forsyth, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1275 Clement Ave
    MEDICAL BUILDING

    1275 Clement Ave, Forsyth, IL 62535-9806

    $315,000
    Estimated value
    0.44 AC lot
    View details
    Weaver Rd
    MEDICAL BUILDING

    Weaver Rd, Forsyth, IL 62535

    $315,000
    Estimated value
    0.92 AC lot
    View details
    845 Us-51
    Medical Office Space

    845 Us-51, Forsyth, IL 62535

    Value Estimation by Request
    7,200 sqft 1.28 AC lot
    View details
    322 Marion Ave
    MEDICAL BUILDING

    322 Marion Ave, Forsyth, IL 62535-1064

    $325,000
    Estimated value
    1.73 AC lot
    View details

    Forsyth, IL Medical Office Space Market Trends and Statistics

    Explore 6 medical office space for sale in Forsyth, IL on our real estate platform. These investment opportunities span a total of 14,400 square feet of properties for sale, with an estimated market value of $1,499,000.

    Sale prices for medical spaces in Forsyth, IL average $1,499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Medical Office Space 4
    Office Units 1

    Demographics Overview

    Population 3,656
    Population Growth (5Y) +21.7%
    Median Household Income $113,456
    College Educated 81.2%

    High-Yield Neighborhoods for Investment

    Identify Forsyth submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62535 $1.5M

    Taxes & Financing

    Average Loan-to-Value 65.0%

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