Property profile

112 Merle Ln Ste 203 Normal, IL 61761

OFF-MARKET
Commercial real estate
Property ID
US28-3224142
1,235 SF Built 2005
Entity Owned Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Total area 1,235 SF
Zoning code M-2
APN 14-30-302-003
UPID US28-3224142

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 203 Normal, IL 61761-5507
Normal metro Census 302 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$250k

Owner & transaction history

since 2026
3 recorded transactions
2026
$300,000
2010
$101,000
2006
$205,000

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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