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Property profile

205 N Grove St Normal, IL 61761

FOR SALE
Land
Property ID
US28-0483538
0.81 ac lot
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205 N Grove St, Normal, IL 61761 For Sale
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205 N Grove St, Normal, IL 61761
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Property summary

AI-generated overview

This exceptional 0.81-acre commercial land parcel, located at 205 N Grove St, Normal, IL 61761 (APN 1429254013), presents a unique investment opportunity. Previously housing a residence (now removed), the property boasts a park-like setting with mature trees offering significant privacy. The expansive open area is perfect for a large garden or pool. Three existing sheds remain on the site. This double lot combination is situated in an established neighborhood, providing convenient access to Illinois State University's campus, restaurants, a golf course, and shopping. The land is priced at $109,000, translating to $160,493.83 per acre. While zoning information and future land use details are not currently available, this property's size, location, and existing features make it an attractive prospect for various commercial ventures. Serious inquiries are encouraged to explore the potential of this exceptional land parcel.

Property profile

Verified
Property type Land
Lot 0.81 ac (35,284 SF)
UPID US28-0483538

Cap rate & NOI

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

Location

205 N Grove St Normal, IL 61761
Normal metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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