1500 Ft Jesse Rd Normal, IL 61761-1995
- Industrial properties
- 328,400 SF
- 32.14 lot acres
Current Use by Public Records
- Miller Web Design Services / Website Designer / Computer Consultant
Property Details for 1500 Ft Jesse Rd
- Year built
- 1974
- Lot size
- 32.14 lot acres
- Property size
- 328,400 SF
- Property type
- Industrial properties
- APN
- 14-23-353-001
- APU
- 1423353001
Description
This exceptional industrial property, located at 1500 Fort Jesse Road in Normal, Illinois, presents a compelling investment opportunity. The 323,666 square foot facility sits on a substantial 32.14-acre lot and boasts a 7.37% cap rate with a strong NOI of $950,865. Currently 100% occupied by two long-term tenants, the property offers significant income stability. Tenant 1 occupies approximately 18,190 square feet of newly renovated office space, while Tenant 2 occupies roughly 300,000 square feet of warehouse space. The building features 38 dock-high doors, providing efficient loading and unloading capabilities, and also includes two drive-in bays. Its strategic location in McLean County, Illinois, offers easy access to major interstates, facilitating seamless distribution between Chicago, St. Louis, and Indianapolis. Built in 1974, the property is zoned M-1 and provides ample parking for semis and delivery vehicles, enhancing operational efficiency. This multi-tenant industrial asset represents a rare opportunity to acquire a high-performing, fully occupied property with significant upside potential. The asking price is $12,900,000. The property's cross-docking capabilities further optimize transportation logistics.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Normal
- County
- Mclean
- State
- Illinois
- Longitude
- -88.9594
- Latitude
- 40.5212
- CBSA code
- 14010
- CBSA name
- BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
