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    Property profile & analytics

    Us-51 Decatur, IL 62535

    • Land
    • 4.07 lot acres
    For Sale
    View listing
    $600,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us-51

    Lot size
    4.07 lot acres
    Property type
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9555
    Latitude
    39.9279

    Comparable in this City

    • Value Estimation by Request
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      1340 Hickory Point Dr

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      7.57 Acres

      800 Commerce Pl Dr

      Retail properties • 7.57 Acres
      800 Commerce Pl Dr, Forsyth, IL 62535
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      808,623 SF

      1146 Hickory Point Mall

      Shopping malls • 808,623 SF
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      16.73 Acres

      Hickory Point Mall

      Land • 16.73 Acres
      0 Hickory Point Mall, Forsyth, IL 62535
      View Details
    • Value Estimation by Request
      2.70 Acres

      Hickory Point Dr

      Land • 2.70 Acres
      0 Hickory Point Dr, Forsyth, IL 62535
      View Details
    • Value Estimation by Request
      1.23 Acres

      Hickory Pt Plz

      Land • 1.23 Acres
      0 Hickory Pt Plz, Forsyth, IL 62535
      View Details

    Similar Nearby for Sale

    • $600,000
      4.07 Acres

      Forsyth Development Land - Route 51

      Prime 4.07-acre residential lot, excellent location.
      0 Us-51, Decatur, IL 62535
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    • $750,000

      Land For Sale Forsyth, IL

      Land available for sale in Forsyth, Illinois.
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    • $250,000

      Forsyth, IL Development Opportunity

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    • $1,499,999
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      Forsyth Medical Office Building

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      Forsyth, IL Multi-Tenant Investment

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    Similar Nearby for Lease

    • Contact for pricing
      808,623 SF

      Hickory Point Mall Retail Space

      Decatur, IL Retail Opportunity: 27 Spaces Available
      1146 Hickory Point Mall, Forsyth, IL 62535
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space Near Interstate 72

      Retail space available near major retailers and transportation routes.
      1146 Hickory Point Rd, Forsyth, IL 62535
      View Details
    • Contact for pricing
      45,689 SF

      Forsyth Medical Office Space Available

      Prime Macon County medical suites, various sizes.
      241 Weaver Rd, Forsyth, IL 62535
      View Details
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    Us-51
    Decatur, IL 62535
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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