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845 Route 51 7,200 SF 100% Leased Retail Building Forsyth, IL 62535 $1,499,999 ($208.33/SF)
Investment Highlights
- High visibility location.
- 7200 sq ft. office building.
- Prime dvelpoment area.
Executive Summary
Medical Office Space Available for SALE : This 7200 square foot building is situated on a 1.28 acre parcel directly off of US Route 51 in Forsyth Illinois. The property is a dual tenant facility with a local Pharmacy as a current tenant, on a high visibility intersection with a traffic count of over 20,000 vehicles per day. The lot has a drive through for the pharmacy, and a parking lot with 75 spaces. The property is currently fully leased with leases that mature in 2027 with options to extend. Great investment opportunity in a high traffic location and credited tenants.
Property Facts
Sale Type
Investment NNN
Sale Condition
Building in Shell Condition
Property Type
Building Size
7,200 SF
Building Class
C
Year Built
1986
Price
$1,499,999
Price Per SF
$208.33
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.58 AC
Zoning
MUNICIPAL
Parking
70 Spaces (9.72 Spaces per 1,000 SF Leased)
Frontage
247’ on Us-51
Amenities
- Signalized Intersection
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-07-15-476-040 | Improvements Assessment | $253,172 |
| Land Assessment | $151,951 | Total Assessment | $405,123 |
Property Taxes
Parcel Number
07-07-15-476-040
Land Assessment
$151,951
Improvements Assessment
$253,172
Total Assessment
$405,123
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845 Route 51