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    Bloomington, IL Carlock, IL Danvers, IL Heyworth, IL Lexington, IL Downs, IL Ellsworth, IL Mackinaw, IL
    Apartment Development Property
    Updated: Apr 16
    Apartment Development Property

    300 E Shelbourne Dr, Normal, IL 61761

    $1,209,879
    11‑acre multi‑family property featuring Shelbourne Apartments with 100 apartment units plus a community building
    Property located in Normal, less than half developed, with surroundings including established single‑family and multi‑family neighborhoods
    Less than 0.5 mile from One Normal Plaza, including sports fields, community garden plots, and the Community Activity Center
    Includes access nearby to a segment of the Constitution Trail, with the main line west of the site providing access to multiple parks and Uptown Normal
    Directly west of the site is Christ Church; other nearby neighborhoods surround the property in every direction
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Normal, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    East Peoria Multi-Use Property
    East Peoria Multi-Use Property

    1101 E Washington St, East Peoria, IL

    $349,900
    10,894 sqft 0.68 AC lot

    Multi-unit property with retail, gym, apartment, and storage.

    View details
    Remodeled Mixed-Use Building For Sale
    Remodeled Mixed-Use Building For Sale

    19478 SPRINGFIELD Road, Groveland, IL 61535

    $569,000
    6,200 sqft

    Fully occupied mixed-use building with long-term tenants and leases.

    View details
    Mixed-Use Apartment and Retail Building
    Mixed-Use Apartment and Retail Building

    19478 SPRINGFIELD Road, Groveland, IL 61535

    $565,000

    Newly remodeled, fully occupied building with two residential apartments and three commercial units.

    View details
    Mixed-Use Building Near Morton
    Mixed-Use Building Near Morton

    3409 MEADOW Avenue, East Peoria, IL 61611

    $314,900
    0.70 AC lot

    Multi-use building with commercial spaces and apartments near Morton.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

    View details

    Normal, IL Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Normal, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,209,879.

    Sale prices for two-family homes in Normal, IL start at $1,209,879, averaging $1,209,879, and reaching up to $1,209,879 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 53K
    Population Growth (5Y) -3.3%
    Median Household Income $66,642
    College Educated 35.5%

    Taxes & Financing

    Tax Rate (average for all types) 8.55%
    Property Tax per SF $81.93 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McLean County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Normal fall within the 25,000 to 50,000 square foot range.

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