Property profile

1340 Hickory Point Dr Forsyth, IL 62535

OFF-MARKET
Land
2,300 SF
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Shopping Center & Mall

Location

1340 Hickory Point Dr Forsyth, IL 62535
Forsyth metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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