1501 N Main St

Normal, IL 61761
  • $692,000

    Price
  • 2,724

    SqFt
  • 0.39

    Acre

About the Listing 97166 - 970181

Prime Commercial Opportunity Near Illinois State University & Heartland Community College. Exceptional turn-key commercial property in a high-visibility, signalized corner location with outstanding traffic exposure. Strategically positioned on Main Street and just moments from Interstate 55, this extensively remodeled building offers exceptional accessibility and visibility. The property is conveniently located near both Illinois State University and Heartland Community College, providing access to a large and diverse customer base of students, faculty, residents, commuters, and visitors. The property features a fully equipped commercial kitchen and restaurant equipment updated in 2023, making it an excellent opportunity for restaurant operators, caterers, food service businesses, or investors seeking a ready-to-operate facility. Recent improvements include attractive tile flooring, updated restrooms, a large walk-in cooler, walk-in freezer, newer roof, HVAC systems, furnace, and air handling equipment. Surrounded by established residential neighborhoods, apartment communities, parks, and recreational amenities, this location benefits from strong daily traffic and excellent visibility. Fairview Park and the community swimming pool are just moments away, generating additional seasonal activity and foot traffic. Easy access to Interstate 55 further enhances the property's appeal by capturing both local and regional traffic. Sale includes the land, building, furniture, fixtures, and restaurant equipment. The existing business, trade name, goodwill, inventory, and business operations are NOT included in the sale and are not for sale. Whether you're expanding an existing operation, launching a new concept, or investing in a highly desirable commercial corridor, this property offers exceptional value, location, and long-term potential. Showing Requirements: Out of respect for the ongoing business operations, showings are by appointment only. Only serious, qualified buyers will be considered. Proof of funds or lender pre-approval must be provided prior to scheduling a showing. Please do not disturb employees, ownership, or business operations. Rare opportunity to acquire a well-maintained, fully equipped commercial property in one of Bloomington-Normal's most accessible and highly visible commercial locations.

Listing Highlights for 1501 N Main St

Status Active
Days on Site 28
Property Type Commercial Sale
MLS ® 12762145
Year Built 1971
Total Square Footage 2,724
Lot/Acreage 0.39
County McLean

Interior Details

  • Appliances:
  • Air Cond: Central Air
  • Heating: Forced Air,Gas
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 42 X 66 X 170 X 100 X 145
  • Zoning: COMMR
  • Roof:
  • Others:
  • Sewer:
  • Parking Features: 31-50 Spaces

Financial Details

  • Tax Amount: $8,157
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 1421126021
  • Tax Year: 2025

Payment Calculator

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Listing Location

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1501 N Main St Normal, IL 61761

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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