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849 S Route 51
Forsyth, IL 62535
Retail Property For Sale


Executive Summary
Prime Investment Opportunity in Forsyth, IL! Situated in the beloved Forsyth community, this well-maintained brick and stucco commercial building, constructed in 1988, presents a rare opportunity to own a stabilized income-producing asset in one of the area’s most desirable markets. Set on a 1.1-acre lot, the property offers ample parking in the paved asphalt lot, excellent road frontage, and exposure to an impressive average daily traffic count of 18,300 vehicles per day. Its location provides easy access to I-72 and is surrounded by a variety of amenities, retail, and dining options. Hosting four established, long-term tenants, ensuring consistent cash flow with minimal owner expenses. Owner pays taxes, insurance, and exterior maintenance—making for a clean and straightforward investment structure. With its strong tenant base, high-visibility location, and durable construction featuring a metal roof, this Forsyth commercial property is an ideal addition to any investment portfolio.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,029 SF
Building Class
C
Year Built
1988
Price
$1,345,410 CAD
Price Per SF
$223.16 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.09 AC
Zoning
MUNICIPAL - Municipal
Parking
56 Spaces (9.29 Spaces per 1,000 SF Leased)
Frontage
115’ on S Route 51
Property Taxes
| Parcel Number | 07-07-15-476-041 | Improvements Assessment | $210,393 CAD |
| Land Assessment | $154,382 CAD | Total Assessment | $364,775 CAD |
Property Taxes
Parcel Number
07-07-15-476-041
Land Assessment
$154,382 CAD
Improvements Assessment
$210,393 CAD
Total Assessment
$364,775 CAD
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