420 Wylie Units 101-127Normal, IL 61761

For Sale
$3,075,000

Fully Leased, High-Cap Rate Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity encompasses three buildings totaling 62,317 square feet at 420, 440, and 480-482 Wylie Drive in Normal, Illinois. The property, situated in McLean County, boasts a 100% occupancy rate with two long-term tenants: ACC Exlectronix, a well-established electronic manufacturing and assembly service company occupying approximately 51,637 square feet, and Greater Love Church, a thriving faith community leasing approximately 10,680 square feet. Built in 1998, this single-story complex features nine units and benefits from high visibility due to its proximity to I-74/I-55. The property is zoned B-1 by the Town of Normal and offers a compelling investment profile with a 9.62% cap rate and a strong net operating income (NOI) of $322,303. The flexible-use space is ideal for a variety of businesses, making this a stable and attractive investment opportunity. The property includes ample parking and is easily accessible. This stabilized investment, categorized as a multi-tenant property, presents a rare chance to acquire a high-performing asset with significant upside potential. The property's strong tenant base and prime location ensure a consistent income stream, making it an ideal addition to any diversified portfolio. The asking price is $3,075,000. The property's address is 420, 440 and 480-482 Wylie Drive, Normal, IL 61761. The APN numbers are 14-31-403-001

Highlights

  • 9.62% Cap Rate
  • 100% Occupancy with Long-Term Tenants
  • Excellent Visibility from I-74 and I-55

Property Details for 420 Wylie Units 101-127

Property type
Other office properties, Office space
Square Feet
62,317 SF
Year Built
1998
Stories
1
Units
9

Location Insight

City
Normal
County
McLean
State
Illinois
Latitude
40.494763830343
Longitude
-89.030545474261
420 Wylie Units 101-127, Normal, Illinois

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420 Wylie Units 101-127
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