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    795 Veterans Pkwy Bloomington, IL 61701

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    For Sale
    Contact for pricing

    11.49 Acres, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11.49-acre commercial land parcel presents a unique development opportunity in Normal, Illinois. Strategically located on Veterans Parkway, a major commercial thoroughfare in the Bloomington-Normal area, this site boasts unparalleled accessibility and visibility. Its proximity to a Home Depot, State Farm Corporate Headquarters (within 3.5 miles), and Illinois State University (under 3 miles) ensures high traffic volume and a strong consumer base. The property is conveniently situated off Interstate 55, further enhancing its logistical advantages. All utilities are in place, and on-site detention is already established, streamlining the construction process. The site is currently undeveloped, offering a blank canvas for a wide range of commercial ventures. The surrounding area demonstrates robust demographics, with a population of 72,852 within a 3-mile radius and an impressive average household income of $892,619. High traffic counts on Veterans Parkway (26,789 AADT) and Shepard Road (9,550 AADT) underscore the significant potential for commercial success. This is a rare opportunity to acquire a prime commercial land parcel in a thriving market, ready for immediate development. The property is zoned CG - Commercial General.

    Property Features for 795 Veterans Pkwy

    General Information

    Property type
    Land
    Lot Size
    500,504 SF

    HighLights

    • 11.49‑acre commercial land parcel in Normal, IL, zoned CG (Commercial General).
    • Located on Veterans Parkway, a major commercial corridor, adjacent to Home Depot.
    • Utilities and detention available on‑site; ready for construction.
    • Excellent demographics: 72,852 population within 3 miles, average household income $89,261 (Note: Original data appears to have an extra digit).
    • Close proximity to I‑55, State Farm Corporate Headquarters, and Illinois State University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9892448
    Latitude
    40.477779

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    FAQs

    What type of property is this?
    Land - 11.49 Acres, Ready to Build
    Where is this land located?
    The property is located at 795 Veterans Pkwy Bloomington, IL.
    What are key features of this property?
    This property features: 11.49-acre commercial land parcel in Normal, IL, zoned CG (Commercial General).; Located on Veterans Parkway, a major commercial corridor, adjacent to Home Depot.; Utilities and detention available on-site; ready for construction.
    (217) 352-7712
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    795 Veterans Pkwy Bloomington, IL 61701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    795 Veterans Pkwy Bloomington, IL 61701
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