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106 W Barnett Avenue

Forsyth, IL 62535
  • $2,750,290
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 6222817
UPDATED: 58 min ago
$2,750,290
  • 0
    BEDS
  • 0.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:
Area:

School Ratings & Info

Description

Investment Opportunity! 7% CAP Rate. Strip mall building centrally located in Forsyth, Illinois (Decatur MSA). Situated off of busy State Route 51 with over 19,000 vehicles per day. The property is currently fully occupied with two tenants including Verizon Wireless Corporate Store (lease started in 2008) and All About Eyes (New five year expansion lease commenced March of 2021). All of the leases are Triple Net structured with minimal landlord responsibilities and tenants responsible for paying taxes, insurance, and maintenance. The property totals .75 acres with the 8050 square foot building constructed in 2008. This property has been well maintained and has retained long standing tenants. With a block/brick exterior, this gives the whole outside prospective of a clean slate look! Property is situated in the center of the Macon County's retail destination.

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© 2022 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2022-10-05T22:27:53.89.
www.mainplace.us/homes/132495033
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106 W Barnett Avenue Forsyth, IL 62535

  • Price: $2,750,290
  • Status: Active
  • On Site: 39 Days
  • Updated: 58 min ago
  • MLS #: 6222817
0
Beds
0
Baths
0
½ Baths
0.75
Acres
2008
Built
Neighborhood:
Forsyth
County:
Macon
Area:
Forsyth
Property Description
Investment Opportunity! 7% CAP Rate. Strip mall building centrally located in Forsyth, Illinois (Decatur MSA). Situated off of busy State Route 51 with over 19,000 vehicles per day. The property is currently fully occupied with two tenants including Verizon Wireless Corporate Store (lease started in 2008) and All About Eyes (New five year expansion lease commenced March of 2021). All of the leases are Triple Net structured with minimal landlord responsibilities and tenants responsible for paying taxes, insurance, and maintenance. The property totals .75 acres with the 8050 square foot building constructed in 2008. This property has been well maintained and has retained long standing tenants. With a block/brick exterior, this gives the whole outside prospective of a clean slate look! Property is situated in the center of the Macon County's retail destination.
Exterior Features

Lake Front Yn No Number Of Drive In Doors 0 Number Of Overhead Doors 0 Number Of Parking Spaces 20 Road Frontage 0

Interior Features

Cooling Central Heating Electric Sqft Other 0 Total Above Grade Sqft 0

Property Features

Commercial Lease No Lease Yn Yes Lot Size Square Feet 32670.00 Office Sqft 8050 Owner Pays None Property Sub Type Retail Restrictions Yn No Sewer Desc City Sewer Special Listing Conditions None Subdivision Yn Yes Tax Amount 18554.00 Tax Year 2020 Water Heater Gas Water Source Public Zoning Com

Listing information © 2022 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Zane Peterson of Main Place Real Estate: 217-422-3335.


© 2022 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2022-10-05T22:27:53.89.
 
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