RE/MAX Choice Sells 72.67 Acres Of Land In Normal For $2.3M
1804 West Hovey Avenue, Normal, Illinois 61761, United States
$2,328,320
Building Size
—
Asset Type
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Closing
Jun 14, 2022
About this deal
AI
Located in Normal, this land property is situated at 1804 W Hovey Ave. With a total size of 72.67 acres, it offers ample space for various opportunities. The transaction took place on 06/15/2022, and the property was sold for $2,328,320. Cindy Eckols of RE/MAX Choice represented the seller as the broker for this deal.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,328,320
- Address: 1804 W Hovey Ave, Normal
- Market: Normal
- Asset Type: Land
- Size: 72.67 acres
Cindy Eckols from RE/MAX Choice played a pivotal role as the broker representing the seller in this transaction. Their expertise and negotiation skills ensured the successful completion of the deal.
Players
Normal CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.81%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93