201 College Ave Normal, IL 61761
- Commercial real estate
- 2,512 SF
- 0.26 lot acres
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
-
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
- AI Estimate
- $208,000
Market price range: $119k - $353kMarket price range: $75.2k - $208k
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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