• DESCRIPTION

    Guth & Associates is pleased to offer the exclusive sale of a two building office portfolio located at 715 & 755 W. Raab Road in Normal, Illinois. Conveniently located on 4.08 acres near the intersection of Raab and Main Street on the north side of Normal and near the Interstate 55 interchange, these two buildings are home to Lincoln College (Normal campus) & Tricoci University. Both buildings are fully leased through 2025 and are occupied by strong, long established tenants with a commitment to the community. The single story office buildings were built in 1986 and 1997 respectively and offer abundant parking. Lincoln College leases 715 Raab which contains approximately 21,800 square feet while Tricoci occupies 755 Raab, an approximate 10,000 square foot building. Each building sits on a separate parcel which offers several exit strategies for a potential buyer.

    KEY DETAILS
    • Price:
    • $3,250,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • 31,800
    • Acreage:
    • 4.08
    • Year Built:
    • 1986
    • MLS #:
    • MRD10893672
    • Street Address:
    • 715 W Raab Rd
    • City:
    • Normal
    • State:
    • IL
    • Postal Code:
    • 61761
    • County:
    • Mc Lean
    • Area:
    • Normal
    • Listing Status:
    • For Sale - Pending

    Building

    • Leasable Square Feet:
    • 31800
    • Number Of Units:
    • 2
    • Stories:
    • 1
    • Total Building Square Footage:
    • 31800
    • Year Built:
    • 1986

    Business

    • Gross Income:
    • 420924
    • Net Operating Income:
    • 316383
    • Operating Expense:
    • 104540

    Land

    • Existing Land Use:
    • Commercial, Office
    • Lot Square Footage:
    • 177725

    Listing

    • Days On Market:
    • 386
    • Originating Mls:
    • Mred

    Money

    • Property Taxes:
    • $70,020
    • Tax Year:
    • 2019
    • Tenant Pays:
    • Air Conditioning, Electricity, Heat, Janitorial Service, Sewer

    Systems

    • Cooling System:
    • Central Air
    • Electricity:
    • Circuit Breakers

    Source

    • Listing Provided By Guth & Associates

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    NOTES

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