Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    614 W Raab Rd Normal, IL 61761

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,290,000

    NNN leased Steak 'n Shake with drive-thru in Normal, IL.

    Property size:
    3,490 SF
    Lot size:
    0.98 Acres

    Property Features for 614 W Raab Rd

    General Information

    Size
    3,490 SF
    Lot size
    0.98 Acres

    Source: SRS Real Estate Partners | Chicago Agent Denis Rusulov

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Steak 'n Shake Investment Opportunity

    This property presents an opportunity to acquire a fee simple interest in an absolute NNN leased, drive-thru equipped, corporate signed, Steak 'n Shake investment located in Normal, IL. The tenant, Steak 'n Shake, Inc., recently extended their lease for an additional 2 years through March 2027 and has an additional 3 (5-year) option periods to extend. The lease is absolute NNN with zero landlord responsibilities.
    Insight Report Location Intelligence

    Current Use by Public Records

    Steak 'n Shake Hamburger Restaurant

    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
    -88.9981291
    Latitude
    40.5322608

    Nearby Similar for Sale

    • $270,000
      1,751 SF

      Updated Home in Beechwood Commons

      Well-maintained 3-bedroom home with modern updates and community amenities.
      440 Beechwood Ct, Normal, IL 61761
      View Details
    • $850,000

      Wilmette Investment Property with Parking

      Single tenant property with buildable parking lot in Wilmette.
      819 Ridge Rd, Wilmette, IL 60091
      View Details
    • Contact for pricing
      30,000 SF

      New Retail Space Available

      New construction retail space for sale or lease in Normal.
      1720-1750 Bradford Ln, Normal, IL 61761
      View Details
    • $228,600

      Inviting Corner-Lot Home

      3-bedroom, 2.5-bath home in Beacon Hill Subdivision.
      1110 Henry St, Normal, IL 61761
      View Details
    • $310,000
      855 SF

      Historic Landmark Retail Building

      Retail building for sale, ground lease with renewal potential.
      351 Linden Ave, Wilmette, IL
      View Details
    • Contact for pricing

      Retail Center in College Town

      144,555 SF shopping center in Bloomington-Normal, Illinois.
      314 Towanda Ave, Normal, IL 61761
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased Steak 'n Shake with drive-thru in Normal, IL.
    Where is this drive through restaurant located?
    The property is located at 614 W Raab Rd Normal, IL.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: - Absolute NNN lease - ideal for passive investors with zero landlord responsibilities.; - Corporate signed Steak 'n Shake with drive-thru.; - Lease recently extended through March 2027.
    (312) 279-5320
    Request Owner's contact information
    614 W Raab Rd Normal, IL 61761
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    614 W Raab Rd
    Normal, IL 61761
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    614 W Raab Rd Normal, IL 61761
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.