Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

2001 Shepard Rd Normal, IL 61761-6418

  • Commercial real estate
  • 3,566 SF
  • 1.19 lot acres
OFF-MARKET
Last Sale
Oct 03, 2022
$700,000
Value Estimations
$705,000
Show details
Cap Rate Potential
5%
Commercial real estate
Location Intelligence
Property ID
US28-0013421
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • PNC Bank ATM / Atm
  • W&EchimneySweep&dryerVent / Corporate Office / Chimney Sweep

Property Details for 2001 Shepard Rd

Year built
2005
Lot size
1.19 lot acres
Property size
3,566 SF
Zone code
B-1
Property type
Commercial real estate
APN
14-23-403-005
APU
1423403005

Description

This exceptional 3,475 square foot free-standing retail building presents a unique investment opportunity in Bloomington-Normal, Illinois. Situated on a 1.19-acre lot, the property boasts excellent visibility and accessibility, enjoying direct frontage on Veteran's Parkway, a major thoroughfare with over 37,000 vehicles passing daily. Its strategic location places it directly across the street from a Home Depot and a Sam's Club outlot, ensuring high foot traffic and brand recognition. The building's single-tenant occupancy offers flexibility and ease of management. Bloomington-Normal's robust economy is further bolstered by the presence of major employers such as State Farm (14,731 employees), Rivian (~8,000 employees), and Illinois State University (21,309 students), creating a strong and diverse consumer base. This property is ideally suited for a variety of retail uses and represents a compelling opportunity to establish a thriving business in a high-growth market. The ample land provides potential for future expansion or development. This is a rare chance to acquire a well-positioned retail space in a thriving community. The property is ready for immediate occupancy.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $725,000
    ML approach
    $655,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $600,000
    6.5%
    $555,000
    7%
    $515,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $501,000
    Market price range: $168k - $501k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Normal
County
Mclean
State
Illinois
Longitude
-88.9515
Latitude
40.5241
CBSA code
14010
CBSA name
BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,539
$98,351
$153,316
$251,667
-
$295,053
$459,948
$755,001
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message