Acquisition Date: March 2021
The property is a to be constructed ground up redevelopment opportunity along the busiest retail corridor in the Decatur, Illinois market. The development has numerous potential layouts for numerous types of users. Located in the heart of corridor, the property benefits from its close proximity to Interstate-72 and high daily traffic counts on Route-51 of approximately 20,000 vehicles per day. The property is surrounded by national tenants including Lowe’s Home Improvement, Walmart, Sam’s Club, Menards, Target, Best Buy, AMC Theaters, Von Maur, Kohls, Hobby Lobby, Ross Dress For Less and PetSmart and national hotel brands such as Hampton Inn, Fairfield Inn, Homewood Suites and Ramada.
The Forsyth/Decatur market with strong demographics of over 99,000 residents and over $67,000 in average household income within a ten-mile radius of the property. Decatur is the largest city in Macon County and offers a 25 mile trade area radius.