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    616 Raab Rd Normal, IL 61761

    For Lease
    $16 SF/Yr

    Commercial Lease - Normal, IL

    Days on Market:
    33
    Last Refresh:
    Dec 8 at 4:06 pm

    Property Features for 616 Raab Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Number of units
    1
    Architectural style
    Other

    RE/MAX Rising (309) 275-9333 [email protected]

    Listing agent Ryan Esposito (309) 340-1000 License #475156751

    Listing date Nov 6, 2025

    MLS# 12507482 Listing URL

    Copyright © 2025 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.

    Overview

    Commercial Space For Lease

    Located in Normal, Illinois, this commercial space is available for lease. The property is zoned COMMR and suitable for multiple uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Discount expires tobacco ... Smoke Shop Diamond's Slots & Video ... Bar China Star Chinese Restaurant Discount smoke express Tobacco Shop GusRedbirdGroceries Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Normal
    County
    McLean
    State
    Illinois
    Longitude
    -88.9989273
    Latitude
    40.532306

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    FAQs

    What type of property is this?
    Specialty property - Commercial space available for lease in Normal, Illinois.
    Where is this specialty property located?
    The property is located at 616 Raab Rd Normal, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Great space for multiple uses; - Central Air; - Year Built: 2001
    (309) 340-1000
    Request Owner's contact information
    616 Raab Rd Normal, IL 61761
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    Normal, IL 61761
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    616 Raab Rd Normal, IL 61761
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