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    College Ave Normal, IL 61761

    Sponsored
    For Sale
    Contact for pricing

    16.36 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 16.36-acre commercial land parcel presents a remarkable development opportunity in Bloomington, Illinois. Strategically located on E. College Avenue, the property boasts convenient access from three major roadways, ensuring high visibility and accessibility for any future development. The site is zoned B1/Highway Business District, allowing for a wide range of commercial uses. Surrounding the property is a thriving mix of retail centers, medical and general office complexes, hotels, and established residential neighborhoods, both single-family and multi-family. This ensures a robust customer base and strong potential for future growth. Nearby retail anchors include well-known national brands such as Walgreens, TJ Maxx, Jewel-Osco, Meijer, and Sherwin Williams, further highlighting the area's commercial strength and desirability. The property's size and location within a rapidly developing area make it an ideal investment for developers seeking a high-impact project with significant long-term potential. The B1 zoning provides flexibility for a variety of commercial ventures, catering to the needs of the surrounding community and capitalizing on the high traffic volume. This is a rare opportunity to acquire a substantial land parcel in a prime location with excellent growth prospects.

    Property Features for 0 College Ave

    General Information

    Property type
    Land
    Lot Size
    712,642 SF

    HighLights

    • 16.36‑acre site
    • Triple‑road access
    • High‑growth development area
    • B1/Highway Business District zoning
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Normal
    County
    Mclean
    State
    Illinois
    Longitude
    -88.9544134
    Latitude
    40.5104558

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    FAQs

    What type of property is this?
    Land - 16.36 Acres, High-Traffic Location
    Where is this land located?
    The property is located at College Ave Normal, IL.
    What are key features of this property?
    This property features: 16.36-acre site; Triple-road access; High-growth development area
    (309) 693-3000
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    College Ave 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
    College Ave Normal, IL 61761
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