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Property profile & analytics

201 College Ave Normal, IL 61761

  • Commercial real estate
  • 2,512 SF
  • 0.26 lot acres
Value Estimations
Cap Rate Potential
8.8%
Commercial real estate
Location Intelligence
Property ID
US28-2315285
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

  • Normal Public Library / Public Library
  • Main Street Bank & Trust / Atm / Bank

Property Details for 201 College Ave

Year built
2007
Lot size
0.26 lot acres
Property size
2,512 SF
Zone code
B-2
Property type
Commercial real estate
APN
14-28-426-003
APU
1428426003

Description

This exceptional retail property, located at 201 W. College Avenue in Normal, Illinois, presents a unique investment opportunity. Priced at $849,000, this 2,512 square foot bank branch boasts a prime location on the corner of W. College Avenue and Broadway, offering excellent visibility and accessibility. Its proximity to the Illinois State University campus and Uptown Normal ensures high foot traffic and a strong customer base. The building itself is a newer construction, featuring a contemporary design that is both attractive and functional. The property includes three convenient drive-through lanes, catering to the needs of busy customers. Inside, the layout is well-planned and efficient, encompassing a spacious lobby area, a teller counter for efficient transactions, private offices for confidential meetings, and restrooms for customer convenience. The property is situated in McLean County, Illinois, with the zip code 61761. This turnkey operation is ideal for a financial institution seeking a modern, well-located branch or for an investor looking for a stable, high-return property in a thriving community. The property's strategic location and modern amenities make it a highly desirable asset. This is a rare opportunity to acquire a well-established and profitable commercial property in a prime location. The building's contemporary design and convenient features make it an attractive option for a variety of potential uses.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $290,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $425,000
    6.5%
    $390,000
    7%
    $365,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $353,000
    Market price range: $119k - $353k
    AI Estimate
    $208,000
    Market price range: $75.2k - $208k

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


Location Insight

  • Map
  • Local Demand
City
Normal
County
Mclean
State
Illinois
Longitude
-88.9863
Latitude
40.5102
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
$14,517
$51,334
$118,279
$169,613
-
$154,002
$354,837
$508,839
More about this property
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