Property summary
This exceptional investment opportunity presents a 90,500 square foot Kohl's storefront on a 2.26-acre parcel in Forsyth, Illinois. Located within the Hickory Point Mall, a prominent 808,000 square foot regional mall featuring a mix of national retailers including Von Maur, Ross Dress for Less, TJ Maxx, Ulta, and Hobby Lobby, this property offers significant upside potential. The property boasts a strong 6.75% cap rate and a Net Operating Income (NOI) of $159,500. The current lease is a NNN… ground lease with Kohl's, a long-standing tenant since 1982, recently exercising a five-year option extending the lease to January 31, 2029, providing a remaining lease term of 4.2 years. The property benefits from high traffic counts on US Route 51, a major north-south artery with 17,600 vehicles per day, and proximity to Interstate 72. Kohl's has consistently invested in its Hickory Point Mall location, including a 28,000 square foot expansion in 2003 and the recent addition of a Sephora boutique. The asking price is $2,365,000, translating to $26.13 per square foot. The property's location within a thriving retail corridor, evidenced by recent development activity including a new Starbucks and Panda Express, further enhances its value and long-term prospects. This is a rare opportunity to acquire a well-positioned, high-performing retail investment with a strong tenant and a secure long-term lease. The property is 100% occupied.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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