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    OFF-MARKET
    Land

    0 Us-51, Decatur, IL 62535

    4.07 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4.07-acre residential development lot presents a unique investment opportunity in Forsyth, Illinois. Strategically located on US Route 51, this property boasts 200 feet of road frontage, offering significant visibility and accessibility. Situated within the Forsyth Tax Increment Financing (TIF) district, developers can benefit from available incentives, making this an attractive proposition for various projects. The lot's address is on US-51 in Forsyth, Macon County, Illinois, zip code 62535. Its convenient location provides easy access to Interstate 72, enhancing connectivity and appeal. Forsyth itself is a thriving suburb of Decatur, Illinois, a key retail hub in Macon County. The property's APN is 07-07-14-153-024. The asking price for this remarkable parcel is $600,000. This land offers substantial potential for residential development, capitalizing on Forsyth's desirable location and the advantages of the TIF district. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this prime real estate offering.

    Property profile
    Verified
    Property type Land
    Lot 4.07 ac (177,289 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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