706 Main StNormal, IL 61761

  • Commercial real estate
  • 8,010 SF
For Lease
$24/SF/YR View listing

Property Details for 706 Main St

Year built
1995
Lot size
0.29 AC
Property size (Sq ft)
8,010 SF
Zone code
B-1
Property type
Commercial real estate
APN
14-28-379-006
APU
1428379006

Description

This exceptional 1,000 square foot retail space is ideally situated on northbound Main Street in Normal, Illinois, just a short walk from Illinois State University's campus. Its B-1 zoning makes it suitable for a variety of uses, including salons and restaurants, as indicated by the property subtype. The entire space is currently vacant and ready for immediate occupancy by a single tenant. The property boasts convenient on-site parking directly in front of the building, a significant advantage for both customers and employees. Its location offers unparalleled access to the university's student population, situated within easy walking distance of numerous dormitories and only three blocks from the university's central quad. This high-traffic location ensures excellent visibility and accessibility for any business. The property's address is 706 S Main St, Normal, IL 61761, and its APN is 14-28-379-006. This presents a unique opportunity for a business seeking a thriving location with strong foot traffic and proximity to a large, consistent customer base. The property's size and location make it an attractive option for a variety of retail ventures. Don't miss this chance to establish your business in a prime location near Illinois State University.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,655,458
    Hospitality
    $1,516,390
    Educational
    $1,261,619
    Medical
    $1,305,008
    Retail
    $1,962,519

Location Insight

City
Normal
County
Mclean
State
Illinois
Latitude
40.504
Longitude
-88.9942
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
$16,637
$41,977
$152,409
$194,386
-
$125,931
$457,227
$583,158

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