Technical
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Property profile

0 College Ave Normal, IL 61761

OFF-MARKET
Land
16.36 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 16.36 ac (712,642 SF)

Cap rate & NOI

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

Location

College Ave Normal, IL 61761
Normal metro
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Value estimations

Realmo proprietary · 4 methods
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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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