- $3,075,000
- 1 Unit Available
- 62,317 SF Unit
- 62,317 SF Storefront Retail/Office Building
- Built in 1998
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Normal Retail Space for Sale
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FAQs about Retail Space for Sale in Normal
How many Retail Space listings are available for sale in Normal?
Currently, there are 7 Retail Space listings for sale near Normal, IL. LoopNet consistently updates its retail listings with the latest properties added on a regular basis.
How much is a Retail Space for sale in Normal?
The average price per square foot for Normal Retail Space for sale is about $125. The cost of retail space is generally influenced by its location, size, and condition. Prime locations and larger, well-maintained spaces are generally more expensive, with the highest price of retail space in Normal, IL going for $338/sqft.
What is the average size of Retail Space available for sale in Normal?
The average size of Retail Space available for sale in Normal, IL is approximately 91,790 SF. The largest Retail Space available for sale is 628,963 SF and the smallest is 2,512 SF.
Determining the size of retail space you'll need to buy depends on factors such as the type of business and space needed for services, number of employees, storage needs, etc.
Determining the size of retail space you'll need to buy depends on factors such as the type of business and space needed for services, number of employees, storage needs, etc.
What is the average cap rate for Retail Properties in Normal?
Cap rates for retail properties in Normal, IL typically range between 10.48% and 10.48%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and other factors that influence them such as location, property type and market conditions.
What factors contribute to choosing the right Retail Space for sale in Normal?
Conduct the proper due diligence including these factors to find the right retail space to buy in Normal, IL:
- Location: Align with your target market and offer visibility
- Foot Traffic: Choose an area in Normal with high foot traffic, if possible
- Size and Layout: Size and layout should accommodate your needs
- Physical Condition and Maintenance: Factor in maintenance costs and potential renovation needs
- Zoning and Regulations: Ensure compliance with zoning regulations and permits for your intended use
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