631-420-0044
120 McKnight St., Normal, IL for Sale
Apartments - FOR SALE
1/8
null | Request Cap Rate

120 McKnight St.
Normal, IL 61761


HIGHLIGHTS

  • Fully leased for the 2026-2027 academic year.
  • Located near Illinois State University and Heartland Community College.
  • Includes resort-style pool, courtyards, fire pits, and walking trails.
  • Unit interiors feature furnished living rooms and in-unit laundry.

OVERVIEW

The Park at Constitution Trail Centre presents the opportunity to acquire a newly constructed, student housing community located in Normal, Illinois, one of the Midwest’s strongest university markets. Across its 13 apartment and townhome buildings, this site contains 85 units and can accommodate 280 beds. Community amenities include a resort-style pool, landscaped courtyard, outdoor lounge pavilions, fire pits and walking trails. Fully leased for the 2026-27 academic year, this community provides an investor with immediate in-place income and eliminates near-term lease-up risk. With stabilized occupancy, modern improvements, positive net operating income and limited capital expenditure requirements, the Park at Constitution Trail Centre offers a compelling opportunity to acquire a high-performing, institutional-quality student housing asset with established operating momentum. Qualified bids are due to Hilco Global by October 6. On-site inspections will be held on September 16, 23 & 30, by appointment only. Subject to U.S. Bankruptcy Court for the Northern District of Illinois (Eastern Division) Case No. 1:25-bk-19477 | In re: 100 McKnight LLC. Hilco Global in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

85

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Park at Constitution Trail Centre

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

282

LAND DETAILS

LAND ACRES

4.76 AC

LAND SF

207,346 SF

ZONING

R3-A

APN/PARCEL ID

14-16-404-005,14-16-404-006

ASK ABOUT THIS PROPERTY

Jamie CoteHilco GlobalMore Info
631-420-0044

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Jamie CoteHilco GlobalMore Info
631-420-0044

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