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    795 Veterans Pkwy Normal, IL 61761

    Sponsored
    For Sale
    Contact for pricing

    11.49 Acres Near Major Employers

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 11.49-acre commercial land parcel presents a unique investment opportunity in Normal, Illinois. Strategically located on Veterans Parkway, the main commercial artery of the Bloomington-Normal area, this property enjoys unparalleled visibility and accessibility. Its proximity to major shopping centers and significant employers makes it an ideal site for a variety of commercial developments. The location offers convenient access to Interstate 55, ensuring seamless connectivity for both employees and customers. Furthermore, the property's close proximity to State Farm's corporate headquarters (approximately 3.5 miles, employing 15,000), Country Financial (approximately 3.5 miles, employing 3,868), and Illinois State University (less than 3 miles, with over 20,000 students and 3,500 employees) guarantees a substantial and diverse potential customer base. The site is adjacent to The Home Depot, further enhancing its desirability and commercial viability. This prime location offers significant potential for developers seeking to capitalize on the robust economic activity and high population density of this thriving area. The property's size and location make it suitable for a wide range of commercial uses, presenting a compelling opportunity for long-term growth and return on investment. The address is 795 Veterans Parkway, Normal, IL 61761, McLean County.

    Property Features for 795 Veterans Pkwy

    General Information

    Property type
    Land
    Lot Size
    500,504 SF

    HighLights

    • Prime Veterans Parkway location in Bloomington‑Normal, IL, near major retail and employers.
    • 3.5 miles from State Farm and Country Financial corporate headquarters.
    • Convenient I‑55 interchange access.
    • Under 3 miles from Illinois State University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking Lot Parking Lot Truck Rental Center ... Truck Rental Agency Primo Water Exchange Bottled Water Supplier Pro Desk at The Home ... Building Materials Store Plumbing Repair Service ... Plumber

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Normal
    County
    McLean
    State
    Illinois
    Longitude
    -88.9539547
    Latitude
    40.5238937

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    FAQs

    What type of property is this?
    Land - 11.49 Acres Near Major Employers
    Where is this land located?
    The property is located at 795 Veterans Pkwy Normal, IL.
    What are key features of this property?
    This property features: Prime Veterans Parkway location in Bloomington-Normal, IL, near major retail and employers.; 3.5 miles from State Farm and Country Financial corporate headquarters.; Convenient I-55 interchange access.
    (217) 352-7712
    Request Owner's contact information
    795 Veterans Pkwy Normal, IL 61761
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    Normal, IL 61761
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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 Normal, IL 61761
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