1501 N Main Street,Normal, IL 61761
Normal, IL 61761
Description
Prime Commercial Opportunity Near Illinois State University & Heartland Community College. Exceptional turn-key commercial property in a high-visibility, signalized corner location with outstanding traffic exposure. Strategically positioned on Main Street and just moments from Interstate 55, this extensively remodeled building offers exceptional accessibility and visibility. The property is conveniently located near both Illinois State University and Heartland Community College, providing access to a large and diverse customer base of students, faculty, residents, commuters, and visitors. The property features a fully equipped commercial kitchen and restaurant equipment updated in 2023, making it an excellent opportunity for restaurant operators, caterers, food service businesses, or investors seeking a ready-to-operate facility. Recent improvements include attractive tile flooring, updated restrooms, a large walk-in cooler, walk-in freezer, newer roof, HVAC systems, furnace, and air handling equipment. Surrounded by established residential neighborhoods, apartment communities, parks, and recreational amenities, this location benefits from strong daily traffic and excellent visibility. Fairview Park and the community swimming pool are just moments away, generating additional seasonal activity and foot traffic. Easy access to Interstate 55 further enhances the property's appeal by capturing both local and regional traffic. Sale includes the land, building, furniture, fixtures, and restaurant equipment. The existing business, trade name, goodwill, inventory, and business operations are NOT included in the sale and are not for sale. Whether you're expanding an existing operation, launching a new concept, or investing in a highly desirable commercial corridor, this property offers exceptional value, location, and long-term potential. Showing Requirements: Out of respect for the ongoing business operations, showings are by appointment only. Only serious, qualified buyers will be considered. Proof of funds or lender pre-approval must be provided prior to scheduling a showing. Please do not disturb employees, ownership, or business operations. Rare opportunity to acquire a well-maintained, fully equipped commercial property in one of Bloomington-Normal's most accessible and highly visible commercial locations.
Details
| MLS # | 12762145 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active |
| Year | 1971 |
| Days On Site | 8 |
| Listing Provided By | HomeSmart Realty Group Illinois | Driss Assis |
Features
| SQ Feet | 2,724 |
|---|---|
| Story(s) | 1 |
| Zoning | COMMR |
Interior
| Cooling | Central Air |
|---|
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 8157 |
Area Information
| State | IL |
|---|---|
| County | McLean |
| City | Normal |
| Zip Code | 61761 |
| Area | Normal |
| Listing VS Median (in 61761) | |
Price: $725,000 low | high Med: $289,950 sqft: 2,724 low | high Med: 1,593 $ / sqft: $266 low | high Med: $183 On site: 8 low | high Med: 14.5 | |
Market Activity 61761
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Learn More About This Property
| State | IL |
|---|---|
| County | McLean |
| City | Normal |
| Zip Code | 61761 |
| Area | Normal |
| Listing VS Median (in 61761) | |
Price: $725,000 low | high Med: $289,950 sqft: 2,724 low | high Med: 1,593 $ / sqft: $266 low | high Med: $183 On site: 8 low | high Med: 14.5 | |