2001 Shepard Rd Normal, IL 61761-6418
- Commercial real estate
- 3,566 SF
- 1.19 lot acres
Oct 03, 2022
Current Use by Public Records
- PNC Bank ATM / Atm
- W&EchimneySweep&dryerVent / Chimney Sweep / Corporate Office
Property Details for 2001 Shepard Rd
- Year built
- 2005
- Lot size
- 1.19 lot acres
- Property size
- 3,566 SF
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 14-23-403-005
- APU
- 1423403005
Description
This exceptional 3,475 square foot free-standing retail building presents a unique investment opportunity in Bloomington-Normal, Illinois. Situated on a 1.19-acre lot, the property boasts excellent visibility and accessibility, enjoying direct frontage on Veteran's Parkway, a major thoroughfare with over 37,000 vehicles passing daily. Its strategic location places it directly across the street from a Home Depot and a Sam's Club outlot, ensuring high foot traffic and brand recognition. The building's single-tenant occupancy offers flexibility and ease of management. Bloomington-Normal's robust economy is further bolstered by the presence of major employers such as State Farm (14,731 employees), Rivian (~8,000 employees), and Illinois State University (21,309 students), creating a strong and diverse consumer base. This property is ideally suited for a variety of retail uses and represents a compelling opportunity to establish a thriving business in a high-growth market. The ample land provides potential for future expansion or development. This is a rare chance to acquire a well-positioned retail space in a thriving community. The property is ready for immediate occupancy.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $725,000
- ML approach
- $655,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $600,000
- 6.5%
- $555,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $501,000
Market price range: $168k - $501k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Normal
- County
- Mclean
- State
- Illinois
- Longitude
- -88.9515
- Latitude
- 40.5241
- CBSA code
- 14010
- CBSA name
- BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA