Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    320 Rte 51 Forsyth, IL 62535-8929

    • Showrooms
    • 2.85 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Mar 07, 2023
    Location Intelligence
    Property ID
    US28-3876572
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Showrooms

    Property Details for 320 Rte 51

    Lot size
    2.85 lot acres
    Zone code
    MUNICIPAL
    Property type
    Showrooms
    APN
    07-07-14-104-001
    APU
    70714104001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Forsyth
    County
    Macon
    State
    Illinois
    Longitude
    -88.9548
    Latitude
    39.9318
    CBSA code
    19500
    CBSA name
    DECATUR, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,853
    $95,200
    $43,119
    $138,319
    -
    $285,629
    $129,370
    $414,999

    Comparable in this City

    • Value Estimation
      $630,000
      0.68 Acres

      138 Lucile Ave

      SHOW ROOM, WAREHOUSE • 0.68 Acres
      138 Lucile Ave, Forsyth, IL 62535-9613
      View Details
    • Value Estimation by Request
      0.29 Acres

      422 Elwood St

      SHOW ROOM, WAREHOUSE • 0.29 Acres
      422 Elwood St, Forsyth, IL 62535-8927
      View Details
    • Value Estimation
      $250,000
      0.11 Acres

      306 Smith St

      SHOW ROOM, WAREHOUSE • 0.11 Acres
      306 Smith St, Forsyth, IL 62535-4037
      View Details
    • Value Estimation
      $305,000
      0.25 Acres

      456 Smith St

      SHOW ROOM, WAREHOUSE • 0.25 Acres
      456 Smith St, Forsyth, IL 62535-4066
      View Details
    • Value Estimation
      $1,885,000
      0.44 Acres

      124 Highland Dr

      SHOW ROOM, WAREHOUSE • 0.44 Acres
      124 Highland Dr, Forsyth, IL 62535-8906
      View Details
    • Value Estimation
      $750,000
      1.28 Acres

      845 Rte 51

      SHOW ROOM, WAREHOUSE • 1.28 Acres
      845 Rte 51, Forsyth, IL 62535-9759
      View Details

    Similar Nearby for Sale

    • $1,499,999
      7,200 SF

      Forsyth Medical Office Building

      7,200 SF Medical Office, 8.14% Cap Rate
      845 Us-51, Forsyth, IL 62535
      View Details
    • $750,000

      Land For Sale Forsyth, IL

      Land available for sale in Forsyth, Illinois.
      Hickory Point Mall, Forsyth, IL 62535
      View Details
    • $1,299,000
      6,762 SF

      Forsyth, IL Multi-Tenant Investment

      High-yield, 100% occupied, 4-unit building.
      849 Hwy 51, Forsyth, IL 62535
      View Details
    • $250,000

      Forsyth, IL Development Opportunity

      2.7 acre lot in Forsyth's retail corridor.
      401 West Hickory Point Rd, Forsyth, IL 62535
      View Details
    • $600,000
      4.07 Acres

      Forsyth Development Land - Route 51

      Prime 4.07-acre residential lot, excellent location.
      0 Us-51, Decatur, IL 62535
      View Details
    • $49,900
      Pending

      Residential Land in Shadow Ridge

      0.83 acre lot in Shadow Ridge Estates, Forsyth, IL
      157 Shadow Ridge Blvd, Forsyth, IL 62535
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      808,623 SF

      Hickory Point Mall Retail Space

      Decatur, IL Retail Opportunity: 27 Spaces Available
      1146 Hickory Point Mall, Forsyth, IL 62535
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space Near Interstate 72

      Retail space available near major retailers and transportation routes.
      1146 Hickory Point Rd, Forsyth, IL 62535
      View Details
    • Contact for pricing
      45,689 SF

      Forsyth Medical Office Space Available

      Prime Macon County medical suites, various sizes.
      241 Weaver Rd, Forsyth, IL 62535
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    320 Rte 51
    Forsyth, IL 62535-8929
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.