1700 Fredrick Lane Normal, IL $ 499,500
1700 Fredrick Lane
$ 499,500
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1700 Fredrick Lane

Normal, IL, 61761
$ 499,500
Bedrooms-- Baths-- Sq 1,883

Monthly Estimate*

$ 3,076

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Commercial Property for sale in Normal, IL

for $499,500. This 1,883 square foot building was built on a lot size of 1.00918.

Prime 0.95 Acre Commercial Site | 31,100 VPD | B-1 Zoning | Highway Frontage & Interstate Access. High-visibility commercial site directly off Highway 51 with approximately 31,100 vehicles per day. This 0.95-acre parcel offers 440 feet of frontage along Main Street and 495 feet along Frederick Lane, with two access points and corner signage visibility. Direct interstate access and strong traffic counts make this a high-exposure location along one of Normal's busiest commercial routes. Surrounded by hotels, national retailers, and student housing, the site sits in an active commercial cluster with steady customer flow. Minutes from Illinois State University, Illinois Wesleyan, Heartland Community College, and Rivian's expanding operations, the location benefits from steady university traffic, interstate travelers, and local residential activity. The parcel includes excess land, providing flexibility for building expansion, reconfiguration, additional parking, or full site redesign to accommodate a wide range of uses. Zoned B-1 General Commercial, the site is well-positioned for retail, restaurant, medical, office, or mixed-use concepts. Current tenants may continue operating the existing business, allowing a new owner to generate income during the planning and entitlement phase.

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Commercial Active

Price

$ 499,500

Property Type

Commercial

Taxes

$ 11,250

Style

Restaurant

Lot Size

1.00918

Town/City

Normal

County/Region

McLean

MLS | Web ID

12447236

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Stories Count 1
Tax Year 2024
Business Type Restaurant
Business Name Uncle Toms Pancake House
County McLean
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Status Active
Directions North on Main to left (W) on Raab right (N) on Fredrick Ln
City Normal
MLS Area Normal
Lot Size Square Feet 43960
Tax Annual Amount 11250.8
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 1883
Lot Dimensions 43960
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* Excluded Features
List By
Bhhs Central Illinois, Realtors

Broker

Melissa@IL-Broker.com

Email

Affordability Calculator

$4,013
Per Month
77%
23%
0%
Monthly Principal & Interest
$3,076
Monthly Property Taxes
$938
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/4/2025$449,500 -18.27% Price Down
8/16/2025$550,000 Listed Price

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1700 Fredrick Lane, Normal, IL, 61761 is a Commercial Property for sale at $499,500 with 1,883 sqft and a lot size of 1.00918. The property's zip code is 61761 which is in Normal, IL