Property profile

800 Commerce Pl Dr Forsyth, IL 62535

OFF-MARKET
Retail properties & Spaces
7.57 ac lot
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Property summary

AI-generated overview

This exceptional 7.57-acre commercial development site, located at 800 Commerce Place Drive in Forsyth, Illinois (zip code 62535), presents a unique investment opportunity. The property, identified by APN 07-07-14-351-013, is zoned C-1, allowing for a variety of commercial uses. Its strategic location boasts high traffic counts, averaging over 20,900 vehicles per day, ensuring excellent visibility and accessibility for any retail development. The land is priced at $999,000, translating to $198,151 per acre. All utilities are readily accessible, simplifying the development process. This site is ideal for a variety of concepts, including big-box retail or strip centers, and benefits from strong daytime and evening populations, as well as existing retail synergies in the area. Forsyth, a northern suburb of Decatur situated in Macon County, is a thriving retail hub, making this property an attractive prospect for developers and investors seeking a prime location for new commercial construction. The property is available for sale, land lease, or build-to-suit arrangements. This is a rare opportunity to acquire a significant parcel of land in a high-demand retail area.

Property profile

Verified
Property type Retail properties & Spaces
Lot 7.57 ac (329,749 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

800 Commerce Pl Dr Forsyth, IL 62535
Forsyth metro
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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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