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RETAIL SPACE NEAR HICKORY POINT MALL 1260 US-51
1,825 SF of Retail Space Available in Forsyth, IL 62535
Highlights
- Newer Retail Plaza (Built in 2015)
- Traffic Count: 17,600 AADT
- Near Hickory Point Mall
- 1 Mile South of Interstate 72
- US Route 51 Frontage and Visibility
- Flexible Layout
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,825 SF | Negotiable | £13.32 /SF/PA £1.11 /SF/MO £143.33 /m²/PA £11.94 /m²/MO £24,302 /PA £2,025 /MO | Triple Net |
1st Floor
The space has a flexible layout that can accommodate many uses. The floor plan consists of an open showroom/sales floor, an open stockroom/storage area, a small office, and a single ADA-compliant restroom.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Partitioned Offices
- Private Restrooms
- Security System
- Drop Ceilings
- Exposed Ceiling
- Secure Storage
- Recessed Lighting
- Emergency Lighting
- After Hours HVAC Available
- DDA Compliant
- Flexible Layout
- Accommodates Many Uses
- Great Co-Tenancy
- Great Visibility and Location
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1260 US-51 , Forsyth, IL 62535
| Property Type | Retail | Year Built | 2015 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 7.23/1,000 SF |
| Gross Internal Area | 7,052 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Internal Area | 7,052 SF |
| Year Built | 2015 |
| Parking Ratio | 7.23/1,000 SF |
About the Property
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for lease this retail space in a newer retail plaza along State Route 51 in Forsyth. The plaza has both frontage on and visibility from State Route 51 with traffic counts of 17,600 AADT. It serves the Decatur MSA among other surrounding communities near Interstate 72 (1 mile south). The plaza is across the street from the 826,347 SF enclosed Hickory Point Mall that houses Von Maur, TJ Maxx, Kohl’s, Hobby Lobby, and Ross Dress for Less, among many others. The strip mall has great co-tenancy: Penn Station, SportClips, and T-Mobile. The space has a flexible layout that can accommodate many uses. The floor plan consists of an open showroom/sales floor, an open stockroom/storage area, a small office, and a single ADA-compliant restroom. Forsyth is 1 mile north of Decatur, 40 miles south of Bloomington-Normal via US 51, 44 miles east of Springfield via I-72, and 45 miles west of Champaign-Urbana via I-72.
- Bus Route
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Accent Lighting
- Storage Space
- Recessed Lighting
- Air Conditioning
Nearby Major Retailers
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RETAIL SPACE NEAR HICKORY POINT MALL | 1260 US-51
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