0 Hickory Pt Plz, Forsyth, IL 62535
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.