Retail
1700 Fredrick Lane Normal, IL 61761
1700 Fredrick Lane, Normal, IL, 61761
Contact for pricing
For Sale
Contact for pricing
For sale retail space offering 1,883 SF of storefront area at 1700 Fredrick Lane.
Property Size1,883 SF
Price / SF$292.09
Days on Market104
Property Features for 1700 Fredrick Lane
General Information
- Standard status
- Active
- Size
- 1,883 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1987
Listing agency
SVN Core 3
(217) 722-3584
Listed by
Jill Spratt · License #471.022624
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 9:27PM Checked: Jul 21 at 9:27PM
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 retail space is offered for sale with approximately 1,883 SF of storefront area. The offering is identified as retail space within the property’s listed configuration.
The property is located at 1700 Fredrick Lane in Normal, IL (61761). For buyers evaluating storefront retail requirements, this listing provides a defined, single-space size of 1,883 SF.
Interested parties should review the space details with the listing broker to confirm the current layout and suitability for their specific retail use.
The property is located at 1700 Fredrick Lane in Normal, IL (61761). For buyers evaluating storefront retail requirements, this listing provides a defined, single-space size of 1,883 SF.
Interested parties should review the space details with the listing broker to confirm the current layout and suitability for their specific retail use.
Key Highlights
- Retail space for sale with 1,883 SF storefront area
- Located at 1700 Fredrick Lane
- Built in 1987
Local Financial Insights For Retail
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 | $28.2k | $15.00 |
| − Vacancy | −$2.3k | −$1.20 |
| EGI | $26.0k | $13.80 |
| − OpEx | −$7.8k | −$4.14 |
| NOI | $18.2k | $9.66 |
1,883 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$259.9K
$227.4K – $303.2K
NOI $18,190 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.5K
$343.5K – $458.0K
NOI $27,477 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Uncle Tom's Pancake ...
Restaurant
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Similar Off Market Nearby
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FAQs
What type of property is this?
Storefront property - For sale retail space offering 1,883 SF of storefront area at 1700 Fredrick Lane.
Where is this storefront property located?
The property is located at 1700 Fredrick Lane Normal, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Retail space for sale with 1,883 SF storefront area; Located at 1700 Fredrick Lane; Built in 1987
