Sold
Last Sold Price
1201 Major St, Normal, IL 61761
Mixed UseProperty Type
1.26 acresLot Size
1998Year Built
40 carsParking Spaces

Description

Investment opportunity with this great cash flow building! Low maintenance with appx 1/3 ac. lot on east side and 35' on west side, all units have different amenities A gas/oil drain, auto cross vent, plus hole for exhaust pipes B has extra 9x14 office divider wall from shop, has 8x8 h-c RR, water catch basin C has extra 14x14 office remainder open shop D has 8x20 spray booth with suppression and cross vent system. All units have 14x14 office w/ wall thru heat/air, shop area has unit heaters, plus...Investment opportunity with this great cash flow building! Low maintenance with appx 1/3 ac. lot on east side and 35' on west side, all units have different amenities A gas/oil drain, auto cross vent, plus hole for exhaust pipes B has extra 9x14 office divider wall from shop, has 8x8 h-c RR, water catch basin C has extra 14x14 office remainder open shop D has 8x20 spray booth with suppression and cross vent system. All units have 14x14 office w/ wall thru heat/air, shop area has unit heaters, plus 7x8 h-c RR, 10x10 stl insulated overhead doors plus front & rear stl doors.

    Sold By BHHS Central Illinois REALTORS

    • Listed by: Melissa Dittbenner 309.275.5670 Melissa@IL-Broker.com • BHHS Central Illinois REALTORS
    • Listed by: John Albee 309.275.5646 john@johnalbee.com • BHHS Central Illinois REALTORS
    Listing closed: 04/05/2022 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11100351

    Location

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    $3,230 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $2,845

    Property Taxes

    $385

    HOA Dues

    $0

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    Property Information for 1201 Major Street

    Property Details
    • Taxes: $4,618 / year
    • MLS Type: Commercial Sale
    • Area: Normal
    • Township: Normal
    • Air Conditioning Type: Wall Sleeve
    • Zoning: WRHSE
    Building Information
    • Stories: 1
    • Residences: 4
    • Year Built: 1998
    • Lot Size: 1.26 AC / 54,875 SF
    General Information
    Addtl Parking Information
    • Outdoor Parking: Paved
    Location and General Information
    • BNAR Zoning: M1
    • Geographic Locale: Central Illinois
    • Information: 24-Hr Notice Required
    Taxes and HOA Information
    • Additional Parcels: Yes
    Property Information
    Interior Features
    • Air Conditioning: Wall Sleeve
    • Electric: Service - 201 to 600 Amps
    • Heat/Ventilation: Forced Air,Gas,Electric
    • Misc Inside: Multi-Tenant,Overhead Door/s,Private Restroom/s
    • Num of Baths: 0.0
    Exterior Features
    • # Of Apts: 0
    • Misc Outside: Security Lighting
    Utilities / Equipment
    • Utilities: Water-Municipal, Sanitary Sewer
    Property/Lot Information
    • Tenant Pays: Varies by Tenant
    • Built Before 1978: No
    • Approximate Age: 7-15 Years
    • Lot Dimensions: 439 X 125
    • Lot Size Square Feet: 54875.0
    • Stories: 1
    • Exterior Building Type: Wood Frame, Brick, Steel Siding
    • Construction: Wood Frame
    • Roof Type: Metal
    • Fire Protection: Fire Extinguisher/s
    • Foundation Details: Concrete Perimeter
    • Building Area Total: 10080
    • # Of Offices: 4
    • # Of Stores: 4
    Property and Assessments
    • Buyer Financing: Conventional
    • Docks: None,Drive-in Doors
    • Public Document Count: 0
    • Photos Count: 7
    • Relist: N
    Miscellaneous
    • Location: Corner,Commercial Business Park
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 4
    Income & Expenses
    • Electric Expense: $.00
    • Fuel Expense: $.00
    • Gross Income: $76,800.00
    • Gross Scheduled Income: $76,800.00
    • Insurance Expense: $.00
    • Expense Year: 2020
    • Total Annual Expense Source: Owner Projection
    • Net Operating Income Year: 2020
    • Total Monthly Income: 6080
    • Net Operating Income: $44,651.00
    • Operating Expense: $32,149.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $.00

    Property History for 1201 Major Street

    DateEvent & SourcePriceAppreciation
    Apr 5, 2022

    Sold (Public Record)

    Public Record #1487811226

    $550,500
    Apr 5, 2022

    Sold

    MRED #11100351

    $550,500
    Mar 8, 2022

    Pending

    MRED #11100351

    DateEvent & SourcePrice
    04/05/2022

    Sold (Public Record)

    Public Record #1487811226

    $550,500
    04/05/2022

    Sold

    MRED #11100351

    $550,500
    03/08/2022

    Pending

    MRED #11100351

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 1201 Major Street

    Taxable ValueLand$15,787Additions$56,436Total$72,223
    Tax Record2025$5,610 ($468 / month)
    Home Facts
    Total Finished SqFt2,520 SqFtAbove Grade Finished SqFt2,520 SqFtStories1Lot Size54,875 SqFtStyleMiscellaneous CommercialYear Built1998ZoningM-1CountyMCLEANAPN14-32-281-001

    Schools near 1201 Major Street

    This home is within Mclean County Community Unit School District 5.
    Rating
    School
    Type
    Grades
    Distance
    Public - K to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 12
    Rating
    School
    Distance
    Oakdale Elementary School
    PublicK to 5

    Kingsley Jr High School
    Public6 to 8

    Normal Community West High School
    Public9 to 12

    Eugene Field School
    Public12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 1201 Major Street, Normal, IL 61761
    $550,500
    54,875
    7,040
    $364,000
    29,885
    $210,000
    4,664
    20,800
    $97,200
    8
    3,944
    10,400

    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of BHHS Central Illinois REALTORS

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 04/05/2022 09:44 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.