0 Hickory Point Mall, Forsyth, IL 62535
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.