1408 Main St Normal, IL 61761-3444
- Commercial real estate
- 2,400 SF
- 0.25 lot acres
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
-
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
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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