Property profile

2551 College Ave Normal, IL 61761

OFF-MARKET
Warehouses
117,600 SF Built 1990
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Property summary

AI-generated overview

This exceptional industrial property, located at 2551 W College Ave in Normal, Illinois, presents a significant opportunity. The single-tenant warehouse boasts a substantial 117,600 square feet of space, with 35,000 square feet currently available. Built in 1990, the building sits on a generous 6-acre lot in McLean County and features a desirable 28-foot ceiling height, ideal for various industrial uses. The property includes 5 loading docks for efficient material handling. Its prime location offers unparalleled convenience, with easy access to a vibrant array of dining establishments including Medici, BraiZe, and Avanti's Italian Restaurant. Beyond the culinary scene, the property benefits from proximity to major shopping destinations such as College Hills Mall and the recreational amenity of the Constitution Trail. Families will appreciate the nearby Children's Discovery Museum and the attractions of Uptown Normal Circle. The property's strategic location and substantial size make it an attractive investment for businesses seeking a well-situated and functional warehouse space in a thriving community. The zip code is 61761.

Property profile

Verified
Property type Warehouses
Year built 1990
Total area 117,600 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center Sports Field & Court
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Gym & Fitness Center Sports Field & Court

Location

2551 College Ave Normal, IL 61761
Normal metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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