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420-482 Wylie Dr - Crossroads Center Business Condominiums 62,317 SF Flex Condo Unit Offered at $3,075,000 in Normal, IL 61761
INVESTMENT HIGHLIGHTS
- This investment opportunity consists of a fully leased space of approximately 62,317 sq. ft. suitable for various uses.
- The rapidly growing faith community, Greater Love Church, utilizes approximately 10,680 sq. ft. of space.
- ACC Exlectronix, the primary tenant, occupies around 51,637 sq. ft. and has been providing electronic manufacturing and assembly services since 1976.
- The property is in a convenient location and has ample parking.
EXECUTIVE SUMMARY
Fully leased Investment Sale with a 9.62% cap rate! NOI = $322,303. Consists of two tenants, ACC Electronix and Greater Love Church, in 62,317 sq. ft. at the Crossroads Center. Tons of parking in this repurposed outlet mall, where many condos are owner occupied, including CI Shooting Sports, YouthBuild, and the Vineyard Church. Signage visible from I-55. Includes Parcels 14-31-303-007; -016; -017; -018; -019; -020; -021; -022; and -023.
PROPERTY FACTS
| Total Building Size | 62,317 SF | Typical Floor Size | 62,317 SF |
| Property Type | Year Built | 1998 | |
| Building Class | C | Lot Size | 16.13 AC |
| Floors | 1 | Parking Ratio | 27.84/1,000 SF |
| Zoning | B-1 - Commercial | ||
| Total Building Size | 62,317 SF |
| Property Type | |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 62,317 SF |
| Year Built | 1998 |
| Lot Size | 16.13 AC |
| Parking Ratio | 27.84/1,000 SF |
| Zoning | B-1 - Commercial |
AMENITIES
- Freeway Visibility
- Mezzanine
- Pylon Sign
- Signage
- Air Conditioning
1 UNIT AVAILABLE
Unit 420-482
| Unit Size | 62,317 SF | Sale Type | Investment |
| Price | $3,075,000 | Cap Rate | 10.48% |
| Price Per SF | $49.34 | NOI | $322,303 |
| Condo Use | Flex |
| Unit Size | 62,317 SF |
| Price | $3,075,000 |
| Price Per SF | $49.34 |
| Condo Use | Flex |
| Sale Type | Investment |
| Cap Rate | 10.48% |
| NOI | $322,303 |
SALE NOTES
Fully leased Investment Sale with a 10.74% cap rate! NOI = $322,303. Consists of two tenants, ACC Electronix and Greater Love Church, in 62,317 sq. ft. at the Crossroads Center. Tons of parking in this repurposed outlet mall, where many condos are owner occupied, including CI Shooting Sports, YouthBuild, and the Vineyard Church. Signage visible from I-55. Includes Parcels 14-31-303-007; -016; -017; -018; -019; -020; -021; -022; and -023.
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
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420-482 Wylie Dr - Crossroads Center Business Condominiums
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