Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    217 Ctr St, Forrest, IL 61741

    0.61 ac lot
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-4843287
    Property summary
    AI-generated overview

    This exceptional 1,500-square-foot Class A commercial building, constructed in 2012, presents a unique investment opportunity in Forrest, Illinois. Located at 217 S Center St, one block from State Route 24, this single-tenant property boasts a prime location along the Route 47 corridor, ensuring high visibility and accessibility. The building sits on a 0.61-acre lot and includes 15 parking spaces, providing ample convenience for customers and employees. Currently configured as a sandwich shop, the space features a drive-up window, walk-in cooler and freezer, and a grease trap – ideal for a variety of food service businesses. Alternatively, the adaptable layout easily converts to office space, catering to diverse business needs. The property's zoning is commercial, and the APN is 26-26-04-478-034. The building is a single-story structure with excellent signage opportunities. Annual property taxes are $5.22 per square foot. This free-standing building offers a rare combination of versatility, location, and modern amenities, making it an attractive proposition for discerning investors and entrepreneurs. The property is currently vacant.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.61 ac (26,572 SF)
    APN 26-26-04-478-034
    UPID US28-4843287
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Gallardo Construction Co · 1 yrs held
    Gallardo Construction Co
    since 2025
    2 recorded transactions
    2025
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 217 Ctr St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message