Property profile

408 Vernon Ave Normal, IL 61761

OFF-MARKET
Commercial land
Property ID
US28-1013201
42,096 SF 0.99 ac lot Built 1972
Entity Owned 19-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1972
Total area 42,096 SF
Lot 0.99 ac (43,124 SF)
Zoning code R-3A
APN 14-28-452-012
UPID US28-1013201

Cap rate & NOI

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

Location

408 Vernon Ave Normal, IL 61761-3561
Normal metro Census 400 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$830k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$1.36M

Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Zoning & alternative use

R-3A · Normal, IL
Zoning description

The intent of this R-3A Residence District is to facilitate the development of residential districts for primarily multiple family residences, which may generally serve as a zone of transition between non residential dis…

General category RESIDENTIAL

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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