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    Property profile & analytics

    Hickory Point Mall Forsyth, IL 62535

    • Land
    • 16.73 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hickory Point Mall

    Lot size
    16.73 lot acres
    Property type
    Land

    Description

    This exceptional 16.73-acre commercial land parcel, identified as Lots 5 & 6 of the Hickory Point Development in Forsyth, Illinois, presents a compelling investment opportunity. Located at Hickory Point Mall, with an APN of 07-07-22-201-007 and a Forsyth, IL 62535 zip code, this property is zoned B - Business, offering significant flexibility for various commercial ventures. The expansive acreage is ideally suited for multifamily redevelopment or a self-storage facility, catering to the strong demand for both residential and commercial spaces in this thriving area. A key advantage is its location within the Village of Forsyth Tax Increment Financing (TIF) district, making it eligible for attractive TIF incentives that can significantly enhance the project's financial viability. This prime location offers developers the chance to capitalize on the area's growth potential and create a successful project. The asking price for this exceptional opportunity is $750,000. Serious inquiries are encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Forsyth
    County
    Macon
    State
    Illinois
    Longitude
    -88.9617
    Latitude
    39.9152

    Comparable in this City

    • Value Estimation by Request
      2,300 SF

      1340 Hickory Point Dr

      Land • 2,300 SF
      1340 Hickory Point Dr, Forsyth, IL 62535
      View Details
    • Value Estimation by Request
      7.57 Acres

      800 Commerce Pl Dr

      Retail properties • 7.57 Acres
      800 Commerce Pl Dr, Forsyth, IL 62535
      View Details
    • Value Estimation by Request
      2.70 Acres

      Hickory Point Dr

      Land • 2.70 Acres
      0 Hickory Point Dr, Forsyth, IL 62535
      View Details
    • Value Estimation by Request
      1.23 Acres

      Hickory Pt Plz

      Land • 1.23 Acres
      0 Hickory Pt Plz, Forsyth, IL 62535
      View Details
    • Value Estimation by Request
      808,623 SF

      1146 Hickory Point Mall

      Shopping malls • 808,623 SF
      1146 Hickory Point Mall, Forsyth, IL 62535
      View Details
    • Value Estimation by Request
      4.07 Acres

      Us-51

      Land • 4.07 Acres
      0 Us-51, Decatur, IL 62535
      View Details

    Similar Nearby for Sale

    • $750,000

      Land For Sale Forsyth, IL

      Land available for sale in Forsyth, Illinois.
      Hickory Point Mall, Forsyth, IL 62535
      View Details
    • $600,000
      4.07 Acres

      Forsyth Development Land - Route 51

      Prime 4.07-acre residential lot, excellent location.
      0 Us-51, Decatur, IL 62535
      View Details
    • $250,000

      Forsyth, IL Development Opportunity

      2.7 acre lot in Forsyth's retail corridor.
      401 West Hickory Point Rd, Forsyth, IL 62535
      View Details
    • $49,900
      Pending

      Residential Land in Shadow Ridge

      0.83 acre lot in Shadow Ridge Estates, Forsyth, IL
      157 Shadow Ridge Blvd, Forsyth, IL 62535
      View Details
    • $1,499,999
      7,200 SF

      Forsyth Medical Office Building

      7,200 SF Medical Office, 8.14% Cap Rate
      845 Us-51, Forsyth, IL 62535
      View Details
    • $1,299,000
      6,762 SF

      Forsyth, IL Multi-Tenant Investment

      High-yield, 100% occupied, 4-unit building.
      849 Hwy, Forsyth, IL 62535
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      808,623 SF

      Hickory Point Mall Retail Space

      Decatur, IL Retail Opportunity: 27 Spaces Available
      1146 Hickory Point Mall, Forsyth, IL 62535
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space Near Interstate 72

      Retail space available near major retailers and transportation routes.
      1146 Hickory Point Rd, Forsyth, IL 62535
      View Details
    • Contact for pricing
      45,689 SF

      Forsyth Medical Office Space Available

      Prime Macon County medical suites, various sizes.
      241 Weaver Rd, Forsyth, IL 62535
      View Details
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    Forsyth, IL 62535
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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