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    OFF-MARKET
    Land

    0 Hickory Point Mall, Forsyth, IL 62535

    16.73 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 16.73 ac (728,759 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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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