0 Us-51 Decatur, IL 62535

OFF-MARKET

Land

4.07 ac lot

Saved · see the list in your Dashboard

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 type Land

Lot 4.07 ac (177,289 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Us-51 Decatur, IL 62535

Decatur metro

Google Maps

AI Approach AI

by Request

CAP Approach CAP

by Request

Comparable Approach Comparable

by Request

Blend (final) Blend

by Request

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation by Request
808,623 SF

1146 Hickory Point Mall

Shopping malls

1146 Hickory Point Mall, Forsyth, IL 62535

View Details
Value Estimation by Request
2.70 Acres

Hickory Point Dr

Land

0 Hickory Point Dr, Forsyth, IL 62535

View Details
Value Estimation by Request
1.23 Acres

Hickory Pt Plz

Land

0 Hickory Pt Plz, Forsyth, IL 62535

View Details
Value Estimation by Request
16.73 Acres

Hickory Point Mall

Land

0 Hickory Point Mall, Forsyth, IL 62535

View Details
Value Estimation by Request
7.57 Acres

800 Commerce Pl Dr

Retail properties & Spaces

800 Commerce Pl Dr, Forsyth, IL 62535

View Details
Value Estimation by Request
2,300 SF

1340 Hickory Point Dr

Land

1340 Hickory Point Dr, Forsyth, IL 62535

View Details

Similar Nearby for Sale

Contact for pricing
3.07 Acres

Agricultural Land Parcel

For-sale agricultural land parcel at W Marion Ave, suitable for farming or land-holding strategies.

565 W Marion Ave, Forsyth, IL 62535

View Details
Contact for pricing
90,500 SF

Absolute NNN Retail Property

Kohl’s has operated at this location since 1982 under an absolute NNN ground lease.

1146 Hickory Point Mall, Forsyth, IL 62535

View Details
Contact for pricing
6,762 SF

Forsyth, IL Mixed-Use Investment

Stabilized commercial investment property in Forsyth, Illinois with long-term tenants.

849 U.S. Hwy 51, Forsyth, IL 62535

View Details
New

Contact for pricing
4.07 Acres

Development Lot in Forsyth, Illinois

4.07-acre development lot with frontage on U.S. Route 51.

US-51, Forsyth, IL 62535

View Details
Contact for pricing
15,586 SF

NNN Retail Property with Frontage

Retail outparcel occupied by a long-standing tenant near Hickory Point Mall and major commercial retailers.

1085 S Route 51, Forsyth, IL 62535

View Details
New

Contact for pricing
7,200 SF

Forsyth Medical Office Investment Opportunity

Fully leased medical office building for sale in Forsyth, Illinois.

845 US-51, Forsyth, IL 62535

View Details

Similar Nearby for Lease

Contact for pricing
4.61 Acres

Commercial Land Parcel

Commercial land immediately adjacent to the I-72 and US Route 51 interchange in Macon County.

1146 Hickory Point Mall, Forsyth, IL 62535

View Details
Contact for pricing
3,438 sqft

Retail Space Near Major Interchange

Retail space totaling 3,438 SF immediately adjacent to the I-72 and US Route 51 interchange

1146 Hickory Point Mall, Forsyth, IL 62535

View Details
Contact for pricing
1,608 sqft

Class A Medical Office Building

Class A MOB and outpatient facility leased for medical specialties and practices near Forsyth, IL.

241 W Weaver Rd, Forsyth, IL 62535

View Details
Contact for pricing
5,526 sqft

Retail Space Near Highway Interchange

Retail space located immediately adjacent to the Interstate 72 and US Route 51 interchange.

1146 Hickory Point Mall, Forsyth, IL 62535

View Details
Contact for pricing
8.09 Acres

Commercial Land Adjacent Interchange

Prime commercial land site immediately adjacent to the Interstate 72 and US Route 51 interchange.

1146 Hickory Point Mall, Forsyth, IL 62535

View Details
Contact for pricing
40,659 sqft

Specialty Retail Property at Interchange

Immediately adjacent to the Interstate 72 and US Route 51 interchange in Forsyth, IL.

1146 Hickory Point Mall, Forsyth, IL 62535

View Details