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    498 Wylie Dr Normal, IL 61705

    Sponsored
    For Sale
    $356,102

    High-traffic Crossroads Center outlot, divisible.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 3.27-acre commercial land parcel presents a unique investment opportunity at the main entrance of the Crossroads Center in Bloomington, Illinois. Located at 498 Wylie Drive, Lot 7 (APN 1431100029), this fee simple property is zoned B-1 (Highway Business), making it ideal for a variety of uses, including retail, office, or flex space. Its strategic location offers unparalleled visibility and accessibility, situated at a major intersection within the thriving Crossroads Center development. The property benefits from its proximity to significant retail anchors such as Super Walmart, Farm & Fleet, Tractor Supply, and a large Wehrenberg Movie Theatre, ensuring high foot traffic and consumer visibility. Furthermore, its convenient access to major roadways, including Interstates 74, 55, and 39, as well as Illinois Route 9, provides excellent transportation links for both customers and employees. The lot is divisible, offering flexibility for developers and investors seeking to tailor the property to their specific needs. The asking price for this exceptional commercial land is $356,102. Don't miss this chance to acquire a prime commercial property in a high-growth area.

    Property Features for 498 Wylie Dr

    General Information

    Property type
    Land
    Lot Size
    142,441 SF

    HighLights

    • 3.27‑acre commercial lot at the main entrance of Bloomington's Crossroads Center.
    • B‑1 (Highway Business) zoning, ideal for retail, office, or flex space.
    • High visibility location near Super Walmart, Farm & Fleet, Tractor Supply, and a large movie theatre.
    • Excellent access to I‑74, I‑55, I‑39, and IL Route 9.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Normal
    County
    McLean
    State
    Illinois
    Longitude
    -89.035455775473
    Latitude
    40.494403488604

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    FAQs

    What type of property is this?
    Land - High-traffic Crossroads Center outlot, divisible.
    Where is this land located?
    The property is located at 498 Wylie Dr Normal, IL.
    What is the asking price?
    The asking price for this property is $356,102.
    What are key features of this property?
    This property features: 3.27-acre commercial lot at the main entrance of Bloomington's Crossroads Center.; B-1 (Highway Business) zoning, ideal for retail, office, or flex space.; High visibility location near Super Walmart, Farm & Fleet, Tractor Supply, and a large movie theatre.
    (309) 270-1565
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    498 Wylie Dr Normal, IL 61705
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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
    498 Wylie Dr Normal, IL 61705
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