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    OFF-MARKET
    Land

    1340 Hickory Point Dr, Forsyth, IL 62535

    2,300 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2,300 square foot commercial land parcel presents a unique investment opportunity in Forsyth, Illinois. Situated at a heavily trafficked, signalized intersection of US 51, this property boasts unparalleled visibility and accessibility. Its strategic location offers immediate proximity to the Hickory Point Mall, a major regional shopping destination, with a drive-thru opportunity at the main access point. The site is also conveniently located just blocks from I-72 access, ensuring easy connectivity for customers and employees. This new development site is perfect for a variety of commercial uses, capitalizing on its position within the Decatur super regional market. The 2,300 square foot lot provides ample space for a freestanding building, allowing for maximum flexibility in design and functionality. This is a rare chance to acquire a prime commercial property in a thriving market, offering significant potential for growth and return on investment. The address is 1340 Hickory Point Dr, Forsyth, IL 62535. This property is zoned for commercial use. Further details are available upon request.

    Property profile
    Verified
    Property type Land
    Total area 2,300 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
    Current use
    Occupant on record · Public records
    • Panda Express Restaurant
    • Hickory Point Mall Shopping Center & Mall
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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