Current Use by Public Records
- Office Spaces
Property Details for 420 Wylie Units 101-127
- Year built
- 1998
- Property type
- Office Spaces
- Property subtype
- Office Units
Description
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
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Normal
- County
- McLean
- State
- Illinois
- Longitude
- -89.0305
- Latitude
- 40.4948
