0 Hickory Point Mall Forsyth, IL 62535

OFF-MARKET

Land

16.73 ac lot

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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 type Land

Lot 16.73 ac (728,759 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Hickory Point Mall Forsyth, IL 62535

Forsyth metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation by Request
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Value Estimation by Request
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1146 Hickory Point Mall, Forsyth, IL 62535

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1146 Hickory Point Mall, Forsyth, IL 62535

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1146 Hickory Point Mall, Forsyth, IL 62535

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Retail Space Near Major Interchange

Retail space for lease near the I-72 and US Route 51 interchange, with major national retailers within two miles.

1146 Hickory Point Mall, Forsyth, IL 62535

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