217 Ctr St, Forrest, IL 61741
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.