Apartment Development
For Sale
Contact for pricing
300 E Shelbourne Dr, Normal, IL 61761
Multi-family property with 100-unit Shelbourne Apartments and a community building on an 11-acre site.
Property SizeContact for details
Days on Market143
Property Features for 300 E Shelbourne Dr
General Information
Standard status
Active
Property subtype
Land
Zoning
R1B, R2
Listing Agency:
Axis 360 Commercial Real Estate Specialists
Listed By:
Michael O'Neal · License #Bloomington IL 475128028
(309) 664-3617
Source:
Crexi
Added: Apr 16
Changed: Aug 14
Last Checked: Sep 1 at 8:54PM
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 Axis 360 Commercial Real Estate Specialists
Investment Insights
Based on property information with market context.
The property is an apartment development site totaling 11 acres and includes the existing Shelbourne Apartments with 100 apartment units plus a community building. The overall site is described as less than half developed.
The property is centrally located in Normal and is surrounded in every direction by established neighborhoods and existing public services. Directly west of the site is Christ Church.
The site is also described as being less than half a mile from One Normal Plaza, which features sports fields, community garden plots, the Community Activity Center, a food forest, and a new segment of the Constitution Trail. Additionally, less than half a mile to the west, the main line of the Constitution Trail provides direct access to multiple parks and Uptown Normal.
The property is centrally located in Normal and is surrounded in every direction by established neighborhoods and existing public services. Directly west of the site is Christ Church.
The site is also described as being less than half a mile from One Normal Plaza, which features sports fields, community garden plots, the Community Activity Center, a food forest, and a new segment of the Constitution Trail. Additionally, less than half a mile to the west, the main line of the Constitution Trail provides direct access to multiple parks and Uptown Normal.
Key Highlights
- 11‑acre multi‑family property featuring Shelbourne Apartments with 100 apartment units plus a community building
- Property located in Normal, less than half developed, with surroundings including established single‑family and multi‑family neighborhoods
- Less than 0.5 mile from One Normal Plaza, including sports fields, community garden plots, and the Community Activity Center
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-family property with 100-unit Shelbourne Apartments and a community building on an 11-acre site.
Where is this apartment building located?
The property is located at 300 E Shelbourne Dr Normal, IL.
What is the asking price?
The asking price for this property is $725,927.
What are key features of this property?
This property features: 11‑acre multi‑family property featuring Shelbourne Apartments with 100 apartment units plus a community building; Property located in Normal, less than half developed, with surroundings including established single‑family and multi‑family neighborhoods; Less than 0.5 mile from One Normal Plaza, including sports fields, community garden plots, and the Community Activity Center
