1325 Koester Dr - Department Store FOR SALE
Forsyth, IL 62535 |
$1,065,000 USD
317-218-5329
1325 Koester Dr
Forsyth, IL 62535
HIGHLIGHTS
- Brand-New Roof | Replaced in 2026 | 20-Year Transferable Warranty
- Original 10-Year Lease with 5.5 Years Left
- Rare 3.00% Annual Rent Bumps in Options
- Adjacent to Hickory Point Mall | 826,000sf Mall with 10 Anchor Tenants Including Von Maur, TJMaxx, Kohl's, Ross, Finish Line and Bath & Body Works
- Interstate 72 Exit Corridor Location
- 2021 Renovation
FOR SALE DETAILS
PRICE
$1,065,000 USD
PRICE/SF
$220 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Central Illinois Urgent Care
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
ADD'L SUBTYPES
Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.44 AC
LAND SF
19,166 SF
ZONING
Commercial
APN/PARCEL ID
07-07-23-104-002
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317-218-5329
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317-218-5329
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