Property profile

1715 Bradford Ln Normal, IL 61761

FOR LEASE
Commercial real estate
Property ID
US28-2721574
16,800 SF 1.88 ac lot Built 2008
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This single-tenant creative office space, located at 1715 Bradford Ln, Normal, IL 61761, offers 2,450 square feet of vacant space within a 16,800-square-foot building. Built in 2008, the property is a one-story structure situated at the intersection of Rabb and Main, providing excellent visibility and accessibility. The building is part of the Constitution Trail Centre, benefiting from high foot traffic generated by the trail and its proximity to diverse businesses, including retail stores, restaurants (such as Subway), and service providers like Verizon and Athletico Physical Therapy. The location offers convenient access to Interstates 55, 74, and 39, ensuring easy commutes for employees and customers. Ample parking is available with 100 spaces. The property's strategic location near Illinois State University and Heartland Community College further enhances its appeal. This well-established commercial center presents a unique opportunity for businesses seeking a vibrant and accessible location in Normal, Illinois. The property is classified as Retail and Office, with a Creative Office subtype.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Total area 16,800 SF
Lot 1.88 ac (81,893 SF)
Zoning code B-1
APN 14-16-379-004
UPID US28-2721574

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • Cafe & Coffee Shop
  • Medical Clinic
  • Physician
  • Physician

Location

1715 Bradford Ln Normal, IL 61761
Normal metro Census 108 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.36M
Blend (final) Blend
$525k

Owner & transaction history

since 2017
2 recorded transactions
2017
$2.3M
2015
$23.1M

Zoning & alternative use

B-1 · Normal, IL
Zoning description

The intent of this B-1 General Business District is to provide for certain types of commercial activities that have a functional relationship to the major street system, and in some instances, an economic relationship to…

General category COMMERCIAL

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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More about this property
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