420-482 Wylie Dr - Storefront Retail/Office CONDO FOR SALE
Normal, IL 61761 |
$3,075,000 USD
309-247-1558
420-482 Wylie Dr
Normal, IL 61761
HIGHLIGHTS
- This investment opportunity consists of a fully leased space of approximately 62,317 sq. ft. suitable for various uses.
- ACC Exlectronix, the primary tenant, occupies around 51,637 sq. ft. and has been providing electronic manufacturing and assembly services since 1976.
- The rapidly growing faith community, Greater Love Church, utilizes approximately 10,680 sq. ft. of space.
- The property is in a convenient location and has ample parking.
OVERVIEW
Fully leased Investment Sale with a 10.74% cap rate! NOI = $322,303. Consists of two tenants, ACC Electronix and Greater Love Church, in 62,317 sq. ft. at the Crossroads Center. Tons of parking in this repurposed outlet mall, where many condos are owner occupied, including CI Shooting Sports, YouthBuild, and the Vineyard Church. Signage visible from I-55. Includes Parcels 14-31-303-007; -016; -017; -018; -019; -020; -021; -022; and -023.
FOR SALE DETAILS
PRICE
$3,075,000 USD
PRICE/SF
$49 USD /SF
CAP RATE
10.48%
# OF UNITS
1
CONDO SIZE
-
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Crossroads Center Business Condominiums
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
62,317 SF
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
1735
LAND DETAILS
LAND ACRES
16.13 AC
LAND SF
702,623 SF
ZONING
B-1
APN/PARCEL ID
14-31-101-004,14-31-303-016,14-31-303-017,14-31-303-018,14-31-303-019,14-31-303-020,14-31-303-021,14-31-303-022,14-31-303-023
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309-247-1558
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309-247-1558
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