217 Center StForrest, IL 61741

  • Commercial real estate
  • 0.61 AC
For Sale
$225,000 View listing

Property Details for 217 Center St

Lot size
0.61 AC
Property type
Commercial real estate
APN
26-26-04-478-034
APU
262604478034

Description

This exceptional 1,500-square-foot Class A commercial building, constructed in 2012, presents a unique investment opportunity in Forrest, Illinois. Located at 217 S Center St, one block from State Route 24, this single-tenant property boasts a prime location along the Route 47 corridor, ensuring high visibility and accessibility. The building sits on a 0.61-acre lot and includes 15 parking spaces, providing ample convenience for customers and employees. Currently configured as a sandwich shop, the space features a drive-up window, walk-in cooler and freezer, and a grease trap – ideal for a variety of food service businesses. Alternatively, the adaptable layout easily converts to office space, catering to diverse business needs. The property's zoning is commercial, and the APN is 26-26-04-478-034. The building is a single-story structure with excellent signage opportunities. Annual property taxes are $5.22 per square foot. This free-standing building offers a rare combination of versatility, location, and modern amenities, making it an attractive proposition for discerning investors and entrepreneurs. The property is currently vacant.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,281,008
    Hospitality
    $8,501,353
    Educational
    $7,073,026
    Medical
    $7,316,278
    Retail
    $11,002,485
217 Center St, Forrest, Illinois

Location Insight

City
Forrest
County
Livingston
State
Illinois
Latitude
40.748
Longitude
-88.411
CBSA code
38700
CBSA name
PONTIAC, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,865
$5,783
$66,941
$72,724
-
$17,349
$200,823
$218,172

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