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Property profile & analytics
OFF-MARKET
Office Spaces

420 Wylie Units 101-127 Normal, IL 61761

62,317 SF Built 1998
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity encompasses three buildings totaling 62,317 square feet at 420, 440, and 480-482 Wylie Drive in Normal, Illinois. The property, situated in McLean County, boasts a 100% occupancy rate with two long-term tenants: ACC Exlectronix, a well-established electronic manufacturing and assembly service company occupying approximately 51,637 square feet, and Greater Love Church, a thriving faith community leasing approximately 10,680 square feet. Built in 1998, this single-story complex features nine units and benefits from high visibility due to its proximity to I-74/I-55. The property is zoned B-1 by the Town of Normal and offers a compelling investment profile with a 9.62% cap rate and a strong net operating income (NOI) of $322,303. The flexible-use space is ideal for a variety of businesses, making this a stable and attractive investment opportunity. The property includes ample parking and is easily accessible. This stabilized investment, categorized as a multi-tenant property, presents a rare chance to acquire a high-performing asset with significant upside potential. The property's strong tenant base and prime location ensure a consistent income stream, making it an ideal addition to any diversified portfolio. The asking price is $3,075,000. The property's address is 420, 440 and 480-482 Wylie Drive, Normal, IL 61761. The APN numbers are 14-31-403-001

Property profile
Verified
Property type Office Spaces
Year built 1998
Total area 62,317 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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