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Property profile & analytics

1408 Main St Normal, IL 61761-3444

  • Commercial real estate
  • 2,400 SF
  • 0.25 lot acres
OFF-MARKET
Value Estimations
$265,000
Show details
Cap Rate Potential
9.2%
Commercial real estate
Location Intelligence
Property ID
US28-5286171
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Monster Pawn Normal / Pawn Shop / Musical Instrument Rental Service

Property Details for 1408 Main St

Year built
1974
Lot size
0.25 lot acres
Property size
2,400 SF
Zone code
B-1
Property type
Commercial real estate
APN
14-33-180-003
APU
1433180003

Description

This exceptional 3,000-square-foot flex building presents a unique opportunity for owner-occupancy or investment. Located at 1408 S Main St, Normal, IL 61761, this Class C property sits on a 0.17-acre lot and boasts convenient access to major thoroughfares. Built in 1979 and renovated in 2010, the building features a spacious 2,400-square-foot ground floor and approximately 600 square feet of additional mezzanine space. High ceilings, measuring 18 feet, provide ample vertical space, complemented by a convenient drive-in door. The mezzanine level includes a private office, enhancing functionality. The property includes ten parking spaces and a new electrical panel installed in 2021. Zoned B1, this versatile space is ideally suited for a variety of uses. Its strategic location at the Bloomington/Normal border offers proximity to Illinois Wesleyan University, Carle Bromenn Hospital, and Illinois State University, ensuring high visibility and accessibility. The property is available for occupancy on November 5, 2024. The APN is 14-33-180-003. This is a single-user building.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $265,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $405,000
    6.5%
    $375,000
    7%
    $345,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $232,000
    Market price range: $113k - $337k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Normal
County
Mclean
State
Illinois
Longitude
-88.9939
Latitude
40.4957
CBSA code
14010
CBSA name
BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,103
$31,683
$27,938
$59,621
-
$95,049
$83,814
$178,863
More about this property
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