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Flex Warehouse with Office Buildout
For Lease
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1821 Hovey Ave, Normal, IL 61761

Large open warehouse paired with a well-built out office/workspace, offered for rent.

Property Size3,200 SF
Days on Market464

Property Features for 1821 Hovey Ave

General Information

Standard status Active
Size 3,200 SF
Property subtype INDUSTRIAL
Lease Type SF/yr

Additional Details

Highway Access Yes

Building Details

Tenancy Single
Listing Agency: SVN | Core 3
Listed By: Jill Spratt · License #471022624
Source: Moodyscre
Added: Apr 23, 2025 Changed: Jul 28 Last Checked: Jul 30 at 11:15AM

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 SVN | Core 3

Investment Insights

Based on property information with market context.

This flex-style property combines a large open warehouse with a well-built out office/workspace. The layout is designed to support both operational and administrative needs within the same facility.

Located at 1821 Hovey Ave in Normal, IL, the site offers close proximity to the interstates, supporting convenient regional access for employees and deliveries.

The warehouse portion provides an open interior for flexible use, while the office/workspace buildout adds dedicated working areas for day-to-day operations.

Key Highlights

  • Large open warehouse space
  • Well‑built out office/workspace
  • Close proximity to the interstates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Auto Parts Store Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

105
Businesses Nearby
Well-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Large open warehouse paired with a well-built out office/workspace, offered for rent.
Where is this flex space located?
The property is located at 1821 Hovey Ave Normal, IL.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Large open warehouse space; Well‑built out office/workspace; Close proximity to the interstates
(217) 722-3584 Call to check price and availability
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