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Financial
Distress signals
Property profile

401 College Ave Normal, IL 61761

OFF-MARKET
Commercial land
Property ID
US28-1951695
25,088 SF 0.75 ac lot Built 2001
Last sale Sep 2020 · $1,270,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located at 401 East College Avenue in Normal, Illinois, this 16-unit student housing property provides 52 beds in two-bedroom/two-bath style configurations, including twelve three-bedroom/two-bath units and four four-bedroom/two-bath units. The building uses an elevated courtyard layout and includes covered parking. Units are configured with in-unit laundry, and the design supports tenant convenience features such as washer/dryer and in-unit utility servicing. The site is approximately 0.4…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$47k
Tax billed · 2023
Assessed value$553k
Assessed land$71k
Assessed improvement$482k
Effective rate8.56%

Value estimate

· Oct 2026
$1.34M
$1.20M – $1.47M
AI approach$1.47M
Submarket $/SF estimate$1.24M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$90/SF
ZIP average, outlier-cleaned · 136 recorded sales of this use type
Observed band · Q1–Q3$47 – $141
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-3A
The intent of this R-3A Residence District is to facilitate the development of residential districts for primarily multiple family reside...
General categoryRESIDENTIAL
JurisdictionMCLEAN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.8
Law Firm22.1
Auto Repair Shop20.1

Location

401 College Ave Normal, IL 61761-3086
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
101 Lincoln, Normal, IL 61761-1441 $1,050,000 Nov 2024 13,366 SF
715 Golfcrest S, Normal, IL 61761-1166 $1,256,500 Feb 2024 10,164 SF
1005 Sheryl, Normal, IL 61761-1374 $710,000 Dec 2023 9,996 SF
606 Church, Normal, IL 61761-5668 $1,666,000 Dec 2023 11,664 SF
1723 Hovey, Normal, IL 61761-4342 $50,000 Dec 2022 27,072 SF
101 Northfield, Normal, IL 61761-4763 $1,464,000 Oct 2022 64,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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