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1600 Hunt Drive, Normal, IL

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1600 Hunt Drive

Normal, IL 61761

Property Type:Office Sub Type:Office Live/Work Unit Status:Existing Year Built:1988
Stories:2 Typical Floor:9,500 SF Building Size:19,000 SF
For Sale Price:$1,450,000 Price/SF:$76.32
Cap Rate:4.80 %
Parking:Ratio of 3/1,000 SF

Office building

Property: Subject is located at the Northeast corner of Hunt Dr. and Landmark Dr., one block West of Veterans Pky. Access to subject is from both streets. Site was improved with concrete sidewalks, curbs. There is a lawn sprinklering system. The basement level is sprinklered, but the upper levels are not. There is gas fired hot water heater, sump pump, ejector pit, fire alarm system, emergency lighting system, and front and rear stairs to all three levels. There is no elevator. Legal Description: Lot 32 in the 2nd addition to Landmark Sub, Town of Normal, McLean County, IL. Real Estate Taxes: $26,695

Area: Subject neighborhood is primarily retail and office. Major employers in the area include Mitsubishi Motors, Caterpillar, Archer Daniels Midland, State of Illinois. Subject is in close proximity to two prominent universities; Ill. State University and Ill. Wesleyan University. Property is approx. mid-way between Chicago, Indianapolis, and St. Louis.

Construction: Foundation is 10" poured concrete. Partial basement with 2,481 sq.ft., 445 sq.ft. is unfinished. The building is framed with 2x6 wood studs with brick on the exterior walls. Roof has wood shake shingles. Floor coverings predominantly carpeting; ceramic tile in entrance foyer and bathrooms; hardwood in upper level reception area and employee kitchen. 400 amp electrical panels.

Sale Notes:
UPDATES - The property has a brand new roof, new ADA accessible ramp to main floor, repairs to front porch foundation with warrantee, and many updates to HVAC system. Solid ROI as investment vehicle or as your new HQ! Need space for professional, small business, financial, medical or non profit use? This is the location. Current owner is flexible on occupancy. Will consider participating in 1031 with acceptable offer . Built in 1988 with two levels of office space and a partially finished full basement. Building 90% occupied.

Great location adjacent to Veterans Parkway within 2 minutes of the highest count traffic intersections in Bloomington-Normal. Good access to highway system and plenty of on site parking. Green space and mature trees. Close to major shopping and services.

Road Runner Real Estate & Investments LLC
Mike McFarland
(309) 824-8011 x119

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