927 Rte 51, Forsyth, IL 62535-1022
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MUNICIPAL · Forsyth, ILForsyth. Always verify with local authorities before improvements.
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.