1531 Fort Jesse RdNormal, IL 61761

  • Commercial real estate
  • 12,000 SF
For Lease
$12/SF/YR View listing

Property Details for 1531 Fort Jesse Rd

Year built
1987
Lot size
0.65 AC
Property size (Sq ft)
12,000 SF
Zone code
B-1
Property type
Commercial real estate
APN
14-26-126-051
APU
1426126051

Description

This single-story, 12,000 square foot Class B retail building, constructed in 1987, offers a fantastic investment opportunity in Normal, Illinois. Located at 1531 Fort Jesse Rd, 61761, the property boasts 6 suites, with 1,363 square feet currently available for lease. The building sits on a 28,200 square foot lot and features ample parking with 52 spaces. Its B-1 zoning allows for a variety of uses. The property enjoys a highly visible location along the Fort Jesse corridor, providing excellent access to Interstates 55, 74, and 39, resulting in heavy daytime vehicular and pedestrian traffic. Its strategic location is directly across from the Bridgestone Americas Off Road Plant and just one block from Veterans Parkway. Current tenants include Ft. Jesse Cafe, Lyss Skin Studio, and Petacular Pet Grooming, creating a strong existing tenant base. Monument signage is available, enhancing visibility and branding opportunities. This property presents a unique chance to capitalize on a thriving commercial area with high traffic counts and established businesses. The APN is 14-26-126-051.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,480,087
    Hospitality
    $2,271,746
    Educational
    $1,890,066
    Medical
    $1,955,068
    Retail
    $2,940,103

Location Insight

City
Normal
County
Mclean
State
Illinois
Latitude
40.5173
Longitude
-88.9568
CBSA code
14010
CBSA name
BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,601
$44,102
$290,073
$334,175
-
$132,306
$870,220
$1,002,526

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