Property profile

0 Hickory Pt Plz Forsyth, IL 62535

OFF-MARKET
Land
1.23 ac lot
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Property summary

AI-generated overview

This exceptional 1.23-acre commercial lot presents a remarkable development opportunity in the vibrant Forsyth, Illinois market. Located at Hickory Point Plaza, just southeast of the main entrance to Hickory Point Mall, this property boasts unparalleled visibility and accessibility within Macon County's premier retail corridor. The lot is designated as COM zoning, allowing for a variety of commercial uses, making it ideal for retail establishments or office spaces. Its strategic location ensures high traffic volume and exposure to a substantial customer base. Further enhancing its appeal, this property is situated within the Forsyth Tax Increment Financing (TIF) district, providing access to valuable TIF incentives that can significantly reduce development costs. The parcel's APN is 07-07-22-278-004. This is a rare chance to acquire a highly desirable commercial lot in a thriving area, offering significant potential for growth and return on investment. The asking price for this exceptional property is $175,000. Don't miss this opportunity to build your vision in a prime Forsyth location.

Property profile

Verified
Property type Land
Lot 1.23 ac (53,579 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Hickory Pt Plz Forsyth, IL 62535
Forsyth metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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