Financial
Distress signals
Property profile

1723 Hovey Ave Normal, IL 61761

OFF-MARKET
Commercial land
Property ID
US28-0487291
27,072 SF 3.51 ac lot Built 1990
Last sale May 2014 · $50,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$30k
Tax billed · 2023
Assessed value$346k
Assessed land$76k
Assessed improvement$270k
Effective rate8.56%

Value estimate

· Sep 2026
$695k
$626k – $765k
AI approach$575k
Submarket $/SF estimate$810k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$90/SF
ZIP average, outlier-cleaned · 136 recorded sales of this use type
Observed band · Q1–Q3$47 – $141
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-3A
The intent of this R-3A Residence District is to facilitate the development of residential districts for primarily multiple family reside...
General categoryRESIDENTIAL
JurisdictionMCLEAN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.6
Realty agency11.5
Pharmacy9.4

Location

1723 Hovey Ave Normal, IL 61761-4342
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
101 Lincoln, Normal, IL 61761-1441 $1,050,000 Nov 2024 13,366 SF
715 Golfcrest S, Normal, IL 61761-1166 $1,256,500 Feb 2024 10,164 SF
1005 Sheryl, Normal, IL 61761-1374 $710,000 Dec 2023 9,996 SF
606 Church, Normal, IL 61761-5668 $1,666,000 Dec 2023 11,664 SF
1004 Samantha, Normal, IL 61761-3478 $452,500 Aug 2023 7,168 SF
101 Northfield, Normal, IL 61761-4763 $1,464,000 Oct 2022 64,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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