Turn-Key Restaurant
For Sale
Contact for pricing
1700 Fredrick Ln, Normal, IL 61761
For sale in a high-visibility retail area near interstates, offered as a turn-key restaurant business.
Property Size1,883 SF
Price / SF$292.09
Days on Market155
Property Features for 1700 Fredrick Ln
General Information
Standard status
Active
Size
1,883 SF
Property subtype
RETAIL
Listing Agency:
SVN | Core 3
(309) 590-7900
Listed By:
Jill Spratt · License #471022624
(217) 722-3584
Source:
Moodyscre
Added: May 4
Changed: Oct 3
Last Checked: Oct 4 at 10:55AM
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 for-sale restaurant business is presented as turn-key, positioned within a high-visibility retail area. The offering is designed for an operator seeking an established restaurant setup rather than starting from scratch.
Located at 1700 Fredrick Ln in Normal, IL 61761, the property is described as being in close proximity to interstates, supporting straightforward access for staff and customers.
The seller indicates the property size is 1,883 square feet. Interested parties are encouraged to review the full offering details for specifics on the restaurant’s layout, equipment, and included operations.
Located at 1700 Fredrick Ln in Normal, IL 61761, the property is described as being in close proximity to interstates, supporting straightforward access for staff and customers.
The seller indicates the property size is 1,883 square feet. Interested parties are encouraged to review the full offering details for specifics on the restaurant’s layout, equipment, and included operations.
Key Highlights
- Offered as a turn‑key restaurant business in a retail area near interstates.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,209
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,180
$464.2K
Cap Rate 7%
$331,557
$331.6K
Cap Rate 9%
$257,878
$257.9K
Market Conditions
NOI Build-Up for 1,883 SF
Gross rent
$33.9K $18.00/SF
− Vacancy
−$2.9K −$1.57/SF
EGI
$30.9K $16.43/SF
− OpEx
−$7.7K −$4.11/SF
NOI
$23.2K $12.33/SF
Area
McLean County, IL
Vacancy
8.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,180
Cap Rate 7%
$331,557
Cap Rate 9%
$257,878
Alternative Uses
Best Use
Specialty Retail
$331.6K
$290.1K – $386.8K
NOI $23,209 @ 7.0% cap · market cap 4.22%
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
205k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 27%
Groceries 11%
Leisure 7%
McDonald's
Dining
25,400 visits/mo
0.3 miles
Schnucks
Groceries
21,670 visits/mo
0.2 miles
Circle K
Shops & Services
20,973 visits/mo
0.1 miles
Starbucks
Dining
18,207 visits/mo
0.1 miles
Dunkin' Donuts
Dining
16,241 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale in a high-visibility retail area near interstates, offered as a turn-key restaurant business.
Where is this conventional restaurant located?
The property is located at 1700 Fredrick Ln 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: Offered as a turn‑key restaurant business in a retail area near interstates.
