Medical Office with Flexible
208 parkinson Street Normal, IL 61761
208 parkinson Street, Normal, IL, 61761
$650,000
For Sale
$650,000
COMMERCIAL - Normal, IL
Property Size3,700 SF
Lot Size0.56 Acres
Price / SF$175.68
Days on Market101
Property Features for 208 parkinson Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Active
- APN
- 1427302001
- Lot size
- 0.56 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14352
Utilities
- Utilities
- Water Available
- Cooling system
- Central Air
Building Details
- Year built
- 2010
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Vinyl Siding
Listing Agency
Keller Williams Revolution
(309) 834-3400
2401 East Empire Suite B Suite B, Bloomington, IL
Listed by
Adrianne Cornejo · License #475170027
(309) 834-3400
Added: Apr 9 Checked: Jul 18 at 2:06 pm
MLS# 12614758
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This move-in-ready medical office suite offers a flexible layout with a front desk and reception area, four treatment rooms, two restroom facilities, and two office areas. Additional interior features include a break room with a washer/dryer hookup and a large closet.
The property is offered for sale with a total area noted as 3,700 square feet, and rentable space identified as 2,700 square feet, listed as formerly used as a medical office. The site includes 11 parking spots allotted for the property.
Zoning is listed as COMMR, providing a commercial setting for continued office use. The building footprint is supported by a lot size of 0.56 acres.
The property is offered for sale with a total area noted as 3,700 square feet, and rentable space identified as 2,700 square feet, listed as formerly used as a medical office. The site includes 11 parking spots allotted for the property.
Zoning is listed as COMMR, providing a commercial setting for continued office use. The building footprint is supported by a lot size of 0.56 acres.
Key Highlights
- Prime location close to Uptown Normal.
- Boasting 2,700 sq ft of flexible, move‑in‑ready space.
- Formerly a medical office, adaptable for various ventures.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.1k | $22.20 |
| − Vacancy | −$8.2k | −$2.22 |
| EGI | $73.9k | $19.98 |
| − OpEx | −$29.6k | −$7.99 |
| NOI | $44.4k | $11.99 |
3,700 SF · lease $22.20/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$633.7K
$554.5K – $739.3K
NOI $44,356 @ 7.0% cap · market cap 6.82%
Second Best
Office B
$632.7K
$553.6K – $738.2K
NOI $44,289 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$771.3K
$674.9K – $899.8K
NOI $53,990 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jamaal Rahman
Alternative Medicine Practice
Dr. Jeffrey Stout
Alternative Medicine Practice
1 of a kind barbershop ...
Barber Shop
Stout Chiropractic Clinic ...
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Move-in-ready medical office with reception, treatment rooms, offices, restrooms, and 11 parking spots.
Where is this medical office space located?
The property is located at 208 parkinson Street Normal, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location close to Uptown Normal.; Boasting 2,700 sq ft of flexible, move‑in‑ready space.; Formerly a medical office, adaptable for various ventures.
