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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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 10.48% |
| Sale Type | Investment |
| Cap Rate | 10.48% |
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 420-482 | 62,317 SF | Flex | $3,075,000 ($49.34/SF) | $322,303 |
Unit 420-482
| Unit Size |
| 62,317 SF |
| Condo Use |
| Flex |
| Price |
| $3,075,000 ($49.34/SF) |
| NOI |
| $322,303 |
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Unit 420-482
| Unit Size | 62,317 SF |
| Condo Use | Flex |
| Price | $3,075,000 ($49.34/SF) |
| NOI | $322,303 |
| Sale Type | Investment |
| Cap Rate | 10.48% |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
2,310
54,057
103,686
2030 Population
2,282
54,506
104,147
2025-2030 Projected Population Growth
-1.2%
0.8%
0.4%
Median Age
34.8
29.3
33.0
College Degree + Higher
48%
33%
38%
Daytime Employees
2,583
36,886
85,473
Total Businesses
203
2,549
6,169
Average Household Income
$84,719
$71,108
$83,706
Median Household Income
$55,124
$49,641
$61,024
Total Consumer Spending
$26.1M
$519.7M
$1.2B
2025 Households
980
20,809
43,290
Average Home Value
$187,256
$185,763
$215,156
Nearby Major Retailers
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420-482 Wylie Dr - Crossroads Center Business Condominiums
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