This Land Property is no longer advertised on LoopNet.com.

108 E Raab Rd
Normal, IL 61761
 108 E Raab Road, Normal IL · Land For Sale · 9.61 AC

Residential Land & Home Lots Illinois Normal 108 E Raab Rd, Normal, IL 61761

Investment Highlights

  • 9.61 Acres located within 6 minutes of Illinois State University and 10 minutes of Illinois Wesleyan University and the Rivian Factory.
  • The Archer Apartments offers an opportunity to invest in a 136-unit ground-up apartment complex located in Bloomington/Normal.
  • The Bloomington/Normal housing market is experiencing a severe shortage, driven by strong job and student housing demand.

Property Facts

Property Type Land Total Lot Size 9.61 AC
Property Subtype Residential No. Stories 1
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Hold For Development
Zoning 3-RA - 3-RA zoning primarily aims to preserve agricultural lands and allow for very low-density, single-family residential development.
Property Type Land
Property Subtype Residential
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Hold For Development
Total Lot Size 9.61 AC
No. Stories 1
Zoning 3-RA - 3-RA zoning primarily aims to preserve agricultural lands and allow for very low-density, single-family residential development.

Description

The Archer Apartments offers an opportunity to invest in a 136-unit ground-up apartment complex located in Bloomington/Normal. The development is shovel-ready, with complete architectural and civil engineering plans.

Property Taxes

Parcel Numbers
Multiple
  • 14-21-226-002
  • 14-16-476-002
  • 14-21-226-001
  • 14-16-476-001
 Improvements Assessment $20,106
Land Assessment $54,325 Total Assessment $74,431

Property Taxes

Parcel Numbers
Multiple
  • 14-21-226-002
  • 14-16-476-002
  • 14-21-226-001
  • 14-16-476-001
Land Assessment
$54,325
Improvements Assessment
$20,106
Total Assessment
$74,431
 

  • Listing ID: 36683538

  • Date on Market: 7/10/2025

  • Last Updated:

  • Address: 108 E Raab Rd, Normal, IL 61761

More public record information on 108 E Raab Rd, Normal, IL 61761

The Land Property at 108 E Raab Rd, Normal, IL 61761 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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