Corner Neighborhood Retail
For Sale
Contact for pricing
107 Mall Dr, Normal, IL 61761
Retail center positioned within a busy commercial area with established tenants and surrounding shopping, dining, and banking uses.
Property SizeContact for details
Days on Market145
Property Features for 107 Mall Dr
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
Maloof Commercial Real Estate
(309) 693-3000
Listed By:
Daniel Maloof · License #IL 475122647
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 3:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maloof Commercial Real Estate
Investment Insights
Based on property information with market context.
This neighborhood shopping center occupies a corner position at 107 Mall Dr in Normal, Illinois. The property is configured as an out-lot within the College Hills retail center and includes ample parking. Existing tenants have exercised their lease options, supporting continued occupancy within the center.
The surrounding commercial area includes retail stores, banking centers, restaurants, malls, and strip centers. A recently developed project east of the property has added several restaurant franchises to the broader retail environment. The projected NOI is $317,543, with a 12.83% cap rate if fully leased.
The surrounding commercial area includes retail stores, banking centers, restaurants, malls, and strip centers. A recently developed project east of the property has added several restaurant franchises to the broader retail environment. The projected NOI is $317,543, with a 12.83% cap rate if fully leased.
Key Highlights
- Corner‑positioned neighborhood shopping center
- Out‑lot within the College Hills retail center
- Existing tenants have exercised their lease options
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Apparel 17%
Shops & Services 16%
Superstores 11%
Target
Superstores
112,517 visits/mo
0.2 miles
Chick-fil-A
Dining
67,154 visits/mo
0.1 miles
T.J. Maxx
Apparel
62,315 visits/mo
0.3 miles
Portillo's
Dining
43,206 visits/mo
0.3 miles
McDonald's
Dining
40,572 visits/mo
0.0 miles
Demographics for 61761, IL
53,045
Population
22,037
Households
2.4
Avg Household Size
28
Median Age
52%
College-Educated
98%
High-School Grad
42.6 sq mi
ZIP Area
1,245
Density / Sq Mi
$66,642
Median Household Income
$28,606
Median Earnings
$976
Median Rent
$200,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center positioned within a busy commercial area with established tenants and surrounding shopping, dining, and banking uses.
Where is this shopping center located?
The property is located at 107 Mall Dr Normal, IL.
What are key features of this property?
This property features: Corner‑positioned neighborhood shopping center; Out‑lot within the College Hills retail center; Existing tenants have exercised their lease options
