Property profile

112 Merle Ln Ste 202 Normal, IL 61761

OFF-MARKET
Commercial real estate
Property ID
US28-3233046
1,595 SF Built 2005
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Total area 1,595 SF
Zoning code M-2
APN 14-30-302-002
UPID US28-3233046

Cap rate & NOI

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

Location

112 Merle Ln Ste, Unit 202 Normal, IL 61761-5507
Normal metro Census 302 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.72M

Owner & transaction history

since 2023
Last sale
$2.4M
1 recorded transaction
2023
$2.4M

Zoning & alternative use

M-2 · Normal, IL
Zoning description

The intent of this M-2 General Manufacturing District is to provide for the more intense types of industrial and manufacturing uses which generally exhibit higher levels of objectionable external effects. This district s…

General category INDUSTRIAL

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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