Property profile

Normal, IL 61761

OFF-MARKET
Commercial land
Property ID
US28-0286362
1.16 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.16 ac (50,530 SF)
Zoning code B-1
APN 14-16-404-007
UPID US28-0286362

Cap rate & NOI

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

Location

Normal, IL 61761
Normal metro Census 108 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.04M

Owner & transaction history

since 2023
Last sale
$3.0M
1 recorded transaction
2023
$3.0M

Zoning & alternative use

B-1 · Normal, IL
Zoning description

The intent of this B-1 General Business District is to provide for certain types of commercial activities that have a functional relationship to the major street system, and in some instances, an economic relationship to…

General category COMMERCIAL

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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