1501 N Main Street
Normal, IL, 61761 $ 725,000
Bedrooms-- Baths-- Sq 2,724 Monthly Estimate*
$ 4,578
for $725,000. This 2,724 square foot building was built in 1971 on a lot size of 0.390266.
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.
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FeaturesGeneralCooling Central Air
Possession Closing
Zoning COMMR
Year Built 1971
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Janitorial Service Taxes Insurance Repairs Roof Scavenger Structure Sewer
Stories Count 1
Property Subtype Restaurant
Tax Year 2025
Assoc Fee Paid Per Not Applicable
County McLean
Net Operating Income 1
Property Type Commercial Sale Retail/Stores
Status New
Directions From I.S.U. campus head N. on Main St. 1501 N Main St is located on the intersection of Main St. and Orlando Ave. in Normal.
City Normal
MLS Area Normal
Lot Size Square Feet 17000
Tax Annual Amount 8157
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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ExteriorBuilding Area Total 2724
Lot Dimensions 42 X 66 X 170 X 100 X 145
Frontage Type City Street
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* Excluded FeaturesList ByHomesmart Realty Group IllinoisBroker
driss@dapropertyservice.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,578
- Monthly Property Taxes
- $680
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyCommerical listings in Normal, IL
Average List Price $551,633
Percent of Sale Price 24%
About Normal, IL 48,456 Population
4% Since 2002
$ 58,354 Median Income
26.2 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/17/2026 | $725,000 | | Listed Price |