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    420 Wylie Units 101-127 Normal, IL 61761

    Sponsored
    For Sale
    $3,075,000

    Fully Leased, High-Cap Rate Investment

    Property size:
    62,317 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses three buildings totaling 62,317 square feet at 420, 440, and 480-482 Wylie Drive in Normal, Illinois. The property, situated in McLean County, boasts a 100% occupancy rate with two long-term tenants: ACC Exlectronix, a well-established electronic manufacturing and assembly service company occupying approximately 51,637 square feet, and Greater Love Church, a thriving faith community leasing approximately 10,680 square feet. Built in 1998, this single-story complex features nine units and benefits from high visibility due to its proximity to I-74/I-55. The property is zoned B-1 by the Town of Normal and offers a compelling investment profile with a 9.62% cap rate and a strong net operating income (NOI) of $322,303. The flexible-use space is ideal for a variety of businesses, making this a stable and attractive investment opportunity. The property includes ample parking and is easily accessible. This stabilized investment, categorized as a multi-tenant property, presents a rare chance to acquire a high-performing asset with significant upside potential. The property's strong tenant base and prime location ensure a consistent income stream, making it an ideal addition to any diversified portfolio. The asking price is $3,075,000. The property's address is 420, 440 and 480-482 Wylie Drive, Normal, IL 61761. The APN numbers are 14-31-403-001

    Property Features for 420 Wylie Units 101-127

    General Information

    Property type
    Office space
    Square Feet
    62,317 SF

    Building Details

    Year Built
    1998
    Stories
    1
    Units
    9

    HighLights

    • 9.62% Cap Rate
    • 100% Occupancy with Long‑Term Tenants
    • Excellent Visibility from I‑74 and I‑55
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Normal
    County
    McLean
    State
    Illinois
    Longitude
    -89.030545474261
    Latitude
    40.494763830343

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    FAQs

    What type of property is this?
    Office space - Fully Leased, High-Cap Rate Investment
    Where is this office space located?
    The property is located at 420 Wylie Units 101-127 Normal, IL.
    What is the asking price?
    The asking price for this property is $3,075,000.
    What are key features of this property?
    This property features: 9.62% Cap Rate; 100% Occupancy with Long-Term Tenants; Excellent Visibility from I-74 and I-55
    Request Owner's contact information
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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
    420 Wylie Units 101-127 Normal, IL 61761
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