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    OFF-MARKET
    Retail properties & Spaces

    1260 Hwy, Forsyth, IL 62535

    7,052 SF 0.93 ac lot Built 2015
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,825 square foot Class A retail storefront is available for lease in a thriving Forsyth, Illinois plaza. Located at 1260 U.S. Hwy 51, this property boasts prime visibility and accessibility, situated directly across from the 826,347 square foot Hickory Point Mall, home to major retailers like Von Maur, TJ Maxx, Kohl's, Hobby Lobby, and Ross Dress for Less. The plaza itself benefits from high traffic counts of 17,600 AADT on State Route 51 and proximity to Interstate 72 (one mile south), serving the Decatur MSA and surrounding communities. This single-story building, constructed in 2015, offers a flexible layout ideal for various retail uses. The space includes an open showroom/sales floor, an open stockroom/storage area, a small office, and a single ADA-compliant restroom. The 0.93-acre site provides ample parking with 51 spaces. The property is zoned C-1 and features a total building size of 7,052 square feet, divided into four suites. Annual property taxes are $4 per square foot. This is a rare opportunity to secure a well-located retail space in a high-demand area. The property's convenient location offers easy access to major transportation routes, including US 51, and is within close proximity to Bloomington-Normal, Springfield, and Champaign-Urbana. Strong co-tenancy includes Penn Station, SportClips, and T-Mobile. APN: 07-07-23-103-001.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2015
    Total area 7,052 SF
    Lot 0.93 ac (40,511 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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