Remodeled Restaurant With Commercial
New
For Sale
$725,000
1501 N Main Street, Normal, IL 61761
Signalized-corner restaurant property with updated equipment, refreshed interiors, and direct access to Interstate 55.
Property SizeContact for details
Days on Market4
Property Features for 1501 N Main Street
General Information
Standard status
Active
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Equipment Included
Yes
Building Details
Year Built
1971
Listing Agency:
HomeSmart Realty Group Illinois
Listed By:
Driss Assis · License #MRD970181
Source:
Greaterchicagohomesearch
Added: Sep 18
Last Checked: Sep 20 at 5:47AM
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 HomeSmart Realty Group Illinois
Investment Insights
Based on property information with market context.
This conventional restaurant property includes the land, building, furniture, fixtures, and restaurant equipment. The facility has a commercial kitchen, walk-in cooler, walk-in freezer, dining and service improvements, tile flooring, updated restrooms, and updated HVAC, furnace, air-handling, and roofing systems. Restaurant equipment was updated in 2023, and the building was constructed in 1971.
The property occupies a signalized corner on N Main Street in Normal, Illinois, near Illinois State University and Heartland Community College. Its setting also includes nearby residential neighborhoods, apartment communities, parks, Fairview Park, and a community swimming pool. Interstate 55 is readily accessible, supporting connections to local and regional traffic.
The sale does not include the existing business, trade name, goodwill, inventory, or business operations. Showings are available by appointment, with proof of funds or lender pre-approval required before scheduling.
The property occupies a signalized corner on N Main Street in Normal, Illinois, near Illinois State University and Heartland Community College. Its setting also includes nearby residential neighborhoods, apartment communities, parks, Fairview Park, and a community swimming pool. Interstate 55 is readily accessible, supporting connections to local and regional traffic.
The sale does not include the existing business, trade name, goodwill, inventory, or business operations. Showings are available by appointment, with proof of funds or lender pre-approval required before scheduling.
Key Highlights
- Commercial kitchen and restaurant equipment updated in 2023
- Sale includes land, building, furniture, fixtures, and restaurant equipment
- Signalized‑corner location on N Main Street in Normal, IL
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
164k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 33%
Electronics 3%
Beauty & Spa 2%
McDonald's
Dining
25,400 visits/mo
0.3 miles
Circle K
Shops & Services
20,973 visits/mo
0.4 miles
Starbucks
Dining
18,207 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,584 visits/mo
0.1 miles
Dunkin' Donuts
Dining
16,241 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Signalized-corner restaurant property with updated equipment, refreshed interiors, and direct access to Interstate 55.
Where is this conventional restaurant located?
The property is located at 1501 N Main Street Normal, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Commercial kitchen and restaurant equipment updated in 2023; Sale includes land, building, furniture, fixtures, and restaurant equipment; Signalized‑corner location on N Main Street in Normal, IL
