Light Industrial Yard
1324 Fort Jesse Road Normal, IL 61761
1324 Fort Jesse Road, Normal, IL, 61761
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For Sale
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7-acre light industrial property with a 4,800 SF metal building and outdoor acreage, including an operating cell tower easement.
Property Size4,800 SF
Lot Size7.00 Acres
Price / SF$161.46
Days on Market90
Property Features for 1324 Fort Jesse Road
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 7.00 Acres
- Property subtype
- Industrial, Land
Building Details
- Year Built
- 1993
Listing agency
Vieweg Real Estate
Listed by
AJ Speasl · License #475.208164
Source
Crexi
Added: Apr 23 Updated: Jul 21 at 12:56AM Checked: Jul 21 at 5:45AM
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 Vieweg Real Estate
Investment Insights
Based on property information with market context.
The property is a 7-acre industrial site featuring a 4,800 SF metal building. The site is set back from the road, providing a more secluded setting, and includes a cell tower that operates under an existing easement.
The property is currently zoned M-1 (Light Industrial). The available acreage supports a variety of industrial configurations and may offer additional development flexibility depending on future zoning outcomes.
With both an existing metal building and substantial land area, the site can support immediate industrial use while also providing land for potential expansion, outdoor storage, or future repositioning.
The property is currently zoned M-1 (Light Industrial). The available acreage supports a variety of industrial configurations and may offer additional development flexibility depending on future zoning outcomes.
With both an existing metal building and substantial land area, the site can support immediate industrial use while also providing land for potential expansion, outdoor storage, or future repositioning.
Key Highlights
- 7‑acre light industrial property with a 4,800 SF metal building
- Currently zoned M‑1 (Light Industrial), supporting a wide range of industrial uses
- Set back from the road for a more private, secluded setting
Local Financial Insights For Warehouse
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 | $50.1k | $10.44 |
| − Vacancy | −$2.8k | −$0.57 |
| EGI | $47.4k | $9.87 |
| − OpEx | −$7.1k | −$1.48 |
| NOI | $40.3k | $8.39 |
4,800 SF · lease $10.44/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$575.0K
$503.2K – $670.9K
NOI $40,252 @ 7.0% cap · market cap 5.19%
Second Best
Industrial
$473.6K
$414.4K – $552.5K
NOI $33,149 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.00M
$875.5K – $1.17M
NOI $70,042 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Uncle Bill's Self Storage — 421 N Kays Dr, Normal, IL 61761
FAQs
What type of property is this?
Warehouse - 7-acre light industrial property with a 4,800 SF metal building and outdoor acreage, including an operating cell tower easement.
Where is this warehouse located?
The property is located at 1324 Fort Jesse Road Normal, IL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 7‑acre light industrial property with a 4,800 SF metal building; Currently zoned M‑1 (Light Industrial), supporting a wide range of industrial uses; Set back from the road for a more private, secluded setting
