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    Property profile & analytics
    OFF-MARKET Estimated value $1,180,000
    Commercial real estate

    927 Rte 51, Forsyth, IL 62535-1022

    7,118 SF 1.13 ac lot Built 2001
    Entity Owned ~ Est. High Equity
    Property ID
    US28-3602344
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2001
    Total area 7,118 SF
    Lot 1.13 ac (49,223 SF)
    Zoning code MUNICIPAL
    APN 07-07-15-476-024
    UPID US28-3602344
    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
    $1.11M
    CAP Approach CAP
    $740k
    Comparable Approach Comparable
    $1.48M
    Blend (final) Blend
    $1.18M
    Owner & transaction history
    Bite & Bloom Hospitality LLC
    Bite & Bloom Hospitality LLC
    since 2025
    Last sale
    $1.2M
    4 recorded transactions
    2025
    $825,000
    2023
    $1.2M
    2022
    2019
    $600,000
    Zoning & alternative use
    MUNICIPAL · Forsyth, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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