112 Merle LnNormal, IL 61761

  • Commercial real estate
  • 2,918 SF
For Lease
$10.91/SF/YR View listing

Property Details for 112 Merle Ln

Year built
2005
Property size (Sq ft)
2,918 SF
Zone code
M-2
Property type
Commercial real estate
APN
14-30-302-006
APU
1430302006

Description

This exceptional 1,320-square-foot warehouse, built in 2005, presents a fantastic leasing opportunity. Located less than five minutes from the Rivian facility and minutes from the I-55/I-74 Market Street interchange, this property offers unparalleled convenience and accessibility. The single-tenant space is zoned M-2 (General Manufacturing), making it ideal for a variety of industrial uses. The warehouse boasts a 12-foot overhead loading door, simplifying loading and unloading operations. Practical features include a heated interior for year-round comfort and efficiency, an oil separator drain for responsible waste management, and a dedicated utility closet for organized storage. An ADA-compliant restroom ensures accessibility for all employees and visitors. The entire 1,320 square feet is currently vacant and ready for immediate occupancy. This property represents a rare opportunity to secure a well-maintained, conveniently located warehouse space in a thriving industrial area. Its proximity to major transportation arteries and a prominent automotive manufacturer makes it an attractive option for businesses seeking a strategic location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $603,074
    Hospitality
    $552,413
    Educational
    $459,601
    Medical
    $475,407
    Retail
    $714,935

Location Insight

City
Normal
County
Mclean
State
Illinois
Latitude
40.509
Longitude
-89.0387
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
$7,051
$4,490
$77,895
$82,385
-
$13,470
$233,685
$247,155

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