Property profile

1801-1805 Hovey Ave Normal, IL 61761

OFF-MARKET
Commercial real estate
Property ID
US28-1670325
16,800 SF 1.38 ac lot Built 1977
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 1977
Total area 16,800 SF
Lot 1.38 ac (60,000 SF)
Zoning code M-1
APN 14-31-226-015
UPID US28-1670325

Cap rate & NOI

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

Location

1801-1805 Hovey Ave Normal, IL 61761
Normal metro Census 302 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
$503k
Blend (final) Blend
$595k

Owner & transaction history

since 2022
Last sale
$575,000
1 recorded transaction
2022
$575,000

Zoning & alternative use

M-1 · Normal, IL
Zoning description

The intent of this M-1 Restricted Manufacturing District is to provide for industrial uses and land uses housed in light industrial types of buildings, all with an absence of objectionable external effects in areas that…

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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