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Commercial Land for Sale in Forest City, Illinois

102 S Broadway St, Forest City, IL 61532

$3,200,000
2 acres
Active
$28.8m drop
Est $24,582/mo

High capacity grain elevator with expansion potential in Forest City, IL. Presenting a significant opportunity to acquire a fully operational grain elevator. This turnkey facility boasts a total storage capacity of over 1.7 million bushels, making it a strategic asset for any agricultural enterprise. Key among its features is a newer 515,000 bushel bin, reflecting recent investment and modernization. The facility's growth potential is immense, supported by substantial upgrades to the electrical systems and core infrastructure within the last five years. These improvements not only enhance current operations, but are designed to accommodate future expansion. With ample land available for further development, this currently operating facility is primed for growth. This is a rare chance to purchase a well maintained, high capacity grain storage operation with a clear path for expansion. The main house pit has a capacity of 300 bushels with an unloading rate of 6,000 BPH (bushels per hour). A separate pit holds 3,000 bushels and is equipped with a 15,000 BPH leg. The office space is 600 square feet, which includes a 200-square-foot tool shop.

Location

Street address
102 S Broadway St
Elevation
491 feet
Coordinates
40.3699, -89.828

Directions

FOREST CITY, L ON BROADWAY ST.

Property details

Acreage
2 acres
Zoning
COMMERCIAL
MLS #
PAAR PA1261797
Posted

Property taxes

2024
$32,887

Parcels

  • 07-07-113-005

Legal description

Details and features

Listing

Type
Commercial Sale

Structure

Heating
Natural Gas
Materials
Aluminum Siding, Block, Brick
Roof
Flat, Metal

Property utilities

CategoryTypeStatusDescription
GasNatural GasAvailable

Listing history

DateEventPriceChangeSource
Oct 23, 2025Price drop$3,200,000$28,800,000 -90%PAAR
Oct 22, 2025New listing$32,000,000PAAR
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This 2-acre property is located at 102 S Broadway St in Forest City, IL 61532. The property is available for sale for $3,200,000 with a price per acre of $1,600,000.

Checked 1 hour ago — Updated

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