927 Rte 51 Forsyth, IL 62535-1022
Property profile & analytics
927 Rte 51 Forsyth, IL 62535-1022
- Commercial real estate
- 7,118 SF
- 1.13 lot acres
Property ID
US28-3602344
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.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 927 Rte 51
- Year built
- 2001
- Lot size
- 1.13 lot acres
- Property size
- 7,118 SF
- Zone code
- MUNICIPAL
- Property type
- Commercial real estate
- APN
- 07-07-15-476-024
- APU
- 70715476024
Description
This exceptional free-standing commercial property, located at 927 S Route 51 in Forsyth, Illinois, presents a significant investment opportunity. The building boasts a substantial 7,118 square feet of space, thoughtfully designed and built-out to accommodate a variety of commercial ventures. Its previous use included a dining area and a fully equipped commercial kitchen, making it particularly well-suited for restaurant operations or similar businesses requiring ample food preparation space. The property's strategic location offers excellent visibility and accessibility, with its proximity to Hickory Point Mall ensuring high foot traffic and convenient access for customers. Ample parking is available on-site, addressing a key concern for businesses seeking to attract and retain clientele. The property sits on a lot with zero acres, making the building the primary focus. Priced at $1,500,000, this property represents a compelling chance to acquire a well-appointed, ready-to-use commercial space in a desirable location. The existing infrastructure, including the commercial kitchen and dining area, significantly reduces the upfront investment required for a new business to commence operations. Serious inquiries are encouraged to explore this promising investment opportunity further.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,210,000
- ML approach
- $1,105,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $800,000
- 6.5%
- $740,000
- 7%
- $685,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,484,000
Market price range: $174k - $1.48M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Forsyth
- County
- Macon
- State
- Illinois
- Longitude
- -88.9563
- Latitude
- 39.9224
- 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
$29,246
$99,691
$273,046
$372,737
-
$299,103
$819,220
$1,118,323
