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420-482 Wylie Dr
Normal, IL 61761

$3,075,000 USD

Storefront Retail Office Condo For Sale  •  62,317 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 62,317 SF
  • Lot Size 16.13 AC
  • Building Class B
  • Year Built 1998
  • Tenancy Multiple
  • Zoning B-1
33 Transit Score
36 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 420-482 Flex 62,317 SF $3,075,000 USD
  • Unit Size: 62,317 SF
  • Condo Use: Flex
  • Price: $3,075,000 USD
  • Sale Type: Investment
  • Price/SF: $49.34 USD
Sale Notes
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.

Description 

Fully leased Investment Sale with a 9.62% 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.

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.

Property Flyers

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Bloomington-Normal (Lincoln Service - Amtrak, Lincoln Service Missouri River Runner - Amtrak, Texas Eagle - Amtrak) 9 min - 4.1 mi
AirportDriveWalkDistance
Central Il Regional/Bloomington-Normal 21 min - 8.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1735
Type: Surface
Included in Rent: Yes
Laura Pritts 309-247-1558 AXIS 360 Commercial Real Estate Specialists
Laura Pritts 309-247-1558 AXIS 360 Commercial Real Estate Specialists