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    OFF-MARKET
    Land

    0 Hickory Pt Plz, Forsyth, IL 62535

    1.23 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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