1608 Northbrook Dr | Normal, IL 61761
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- LoopNet Team
1608 Northbrook Dr
Normal, IL 61761
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Two 100% occupied neighborhood retail centers located in Normal, Illinois
- Offered at a 9.25% CAP rate, with an expected cash-on-cash return over 10% | Built in 2008 and priced at only $151 per square foot
- Both buildings are equipped with drive-thrus and feature high end pylon signage, both internally illuminated, with prominent visibility on Raab Road
- 0.8 miles from Heartland Community College (4,913 students) and 1.5 miles from Illinois State University (20,683 students)
- Property consists of 8 total units with shallow depth bays and an average square footage of 2,150 square feet
- Located approximately a quarter (¼) mile from the exit and on ramp to Interstate 55, the primary highway between Chicago and Saint Louis
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,320 SF
Building Class
C
Year Built
2008
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.68 AC
Zoning
B-1
Parking
30 Spaces (4.1 Spaces per 1,000 SF Leased)
Frontage
200’ on Northbrook Dr
AMENITIES
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 14-21-104-010 | Improvements Assessment | $249,673 |
| Land Assessment | $62,188 | Total Assessment | $311,861 |
PROPERTY TAXES
Parcel Number
14-21-104-010
Land Assessment
$62,188
Improvements Assessment
$249,673
Total Assessment
$311,861
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