Office•Office Building•For Sale

Offices at 317 Susan Drive

317 Susan Drive, Normal, Illinois 61761

Sale Price $490,000
Sale Type Investment
Zoning B1
Bldg Type Multi-Tenant
Class B
Status Existing
Year Built 1999
Stories 1
Cap Rate 7.87%
Vacancy 100%
Annual Taxes $12,547.00
Gross Bldg 5,670 SqFt
RBA 5,490 SqFt
Land Area .7 Acres
Ceiling Height 9.0 Ft
Net Op Inc $38,584
MLS# 10260313
Legal Descr GARLING HEIGHTS WEST 2ND ADD LOT 35
Core 3 is pleased to present the exceptional opportunity to acquire a 100% fee-simple interest in the Multi-Tenant commercial investment property known as The Offices at 317 Susan Drive (“The Property”), located at 317 Susan Drive, Normal IL 61750. The Property consists of a 5,670 square-foot building on .7 acres of land. The building was initially constructed in 1999. The property has a long history of great occupancy experience and is currently 100% occupied. Three tenants split the building space with an additional tenant leasing 11 spaces in the ample parking lot. Two of the tenants are local business offering financial services and AT&T occupies the largest area of the building. This AT&T service center has made this building home since January of 2000. The Property is located in Normal, Illinois. It and its' Sister City, Bloomington are home to State Farm Insurance, Illinois State University, Illinois Wesleyan University, Country financial and Rivian Automotive. The population of 177,546 within a ten-mile radius is an active and growing demographic. The brick office building was built in 1999 and is located in the Garling Heights West, 2nd Addition just one block East of Veteran's Parkway on Normal's east-side. The property is situated just behind the Walmart Super Center. This area of Susan Drive is rich in fully occupied professional office buildings along with some light retail.
  • 100% Occupied
  • Desirable office location 1 block East of Veteran's Parkway
  • AT&T is long term occupant
  • Professional Offices
  • Well Maintained
  • Brick Exterior
  • Ample Parking
1/30/2019 11:34:46 PM 2/12/2019 10:03:37 PM

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