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33226604
33217421

1501 North Main Street, Normal, IL 61761

$750,000
4 days on market
Updated 2 days ago

1501 North Main Street

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,774
Units 31
Year Built 1975
Year Renovated 2017
Acreage 0.340
Zoning B1
Ground Lease No

Turn Key Operation, bring youtr concept and start serving cutomers.

Investment highlights

PRIME COMMERCIAL OPPORTUNITY

Main Street & Interstate 55 Corridor | Bloomington-Normal, Illinois

EXECUTIVE SUMMARY

An exceptional opportunity to acquire a highly visible commercial property strategically positioned on a signalized corner along Main Street, one of the Bloomington-Normal area's most traveled commercial corridors. Located just moments from Interstate 55, this extensively remodeled property offers outstanding accessibility, exposure, and long-term value for owner-users, investors, or operators.

The property benefits from a prime location near both Illinois State University and Heartland Community College, providing direct access to a substantial population of students, faculty, staff, residents, commuters, and visitors. Combined with nearby residential neighborhoods, apartment communities, parks, and recreational facilities, the location generates consistent daily traffic and strong consumer demand.

Currently configured as a restaurant facility, the property features a fully equipped commercial kitchen updated in 2023, making it ideal for restaurant, catering, hospitality, retail, or other commercial uses.

INVESTMENT HIGHLIGHTS

  • Prime Main Street commercial location
  • Signalized hard-corner intersection
  • Just off Interstate 55 interchange
  • Exceptional visibility and accessibility
  • Minutes from Illinois State University
  • Near Heartland Community College
  • Strong daily traffic counts
  • Surrounded by established residential neighborhoods
  • Close proximity to apartment complexes and student housing
  • Turn-key commercial kitchen updated in 2020
  • Walk-in cooler and walk-in freezer
  • Updated restrooms and interior finishes
  • Newer roof, HVAC systems, furnace, and air handling equipment
  • Excellent owner-user or investment opportunity

PROPERTY OVERVIEW

This well-maintained commercial building has undergone significant improvements and offers a rare combination of location, functionality, and infrastructure. The facility is designed to support high-volume food service operations while maintaining flexibility for alternative commercial uses.

Recent updates include:

  • Commercial kitchen renovation and equipment upgrades (2020)
  • Attractive tile flooring throughout
  • Updated restroom facilities
  • Large walk-in refrigeration room
  • Walk-in freezer
  • Newer roof
  • Updated HVAC systems
  • Updated furnace and air handling equipment

The property's excellent condition minimizes capital expenditure requirements and allows for immediate occupancy or operation.

LOCATION ADVANTAGES

The property is situated in one of the most desirable commercial corridors within the Bloomington-Normal market.

Nearby Demand Drivers

Educational Institutions

  • Illinois State University
  • Heartland Community College

Residential Population

  • Established neighborhoods
  • Student housing communities
  • Multiple apartment developments

Community Amenities

  • Fairview Park
  • Community swimming pool
  • Recreational facilities
  • Local businesses and services

Transportation Access

  • Main Street frontage
  • Signalized intersection access
  • Immediate proximity to Interstate 55
  • Convenient access throughout Bloomington-Normal and surrounding communities

The combination of educational, residential, recreational, and transportation influences creates a strong and diverse customer base year-round.

SALE TERMS

Included in Sale

  • Real estate
  • Land
  • Building improvements
  • Furniture
  • Fixtures
  • Restaurant equipment

Excluded from Sale

The existing business is not included in the transaction.

Specifically excluded are:

  • Business operations
  • Trade name
  • Goodwill
  • Inventory
  • Licenses
  • Intellectual property
  • Accounts receivable

This offering is strictly for the acquisition of the real estate, furniture, fixtures, and equipment.

SHOWING REQUIREMENTS

To protect ongoing business operations, all tours are strictly by appointment.

Only serious and qualified buyers will be considered.

Prior to scheduling a property tour, prospective purchasers must provide:

  • Proof of funds; or
  • Commercial lender pre-approval; or
  • Evidence of financial capacity to complete the acquisition

Please do not contact ownership, management, employees, vendors, or customers regarding the sale. Do not disturb ongoing business operations.

OPPORTUNITY

Commercial properties offering this level of visibility, accessibility, infrastructure, and proximity to major educational institutions rarely become available. This is a unique opportunity to acquire a well-maintained, income-producing-capable commercial asset in one of Bloomington-Normal's most recognized and highly traveled commercial locations.

Rare opportunity to secure a strategically located commercial property with exceptional exposure, established infrastructure, and significant long-term growth potential.

Listing Contacts

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