Marcus & Millichap Brokers $2.5M Sale Of Retail Centers In Normal, Illinois

A real estate developer has sold two neighborhood retail centers in Normal, Illinois, near Illinois State University. The properties, located at 1608 and 1609 Northbrook Drive, have a combined total of approximately 17,500 square feet of space. The diverse mix of tenants includes a marijuana dispensary, coffee shop, pizza parlor, medical provider, and laundromat. The sale price for these retail centers was $2,475,000, resulting in a price per square foot of $141.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,475,000
• Square Footage: 17,500
• Address: 1608 & 1609 Northbrook Drive
• Market: Normal

The sale of these retail centers in Normal, Illinois was brokered by Eric Bell, Jordan Callaway, and Mitchell Kiven from Marcus & Millichap. Marcus & Millichap represented the real estate developer in this transaction.

Note: The neighborhood retail centers in Normal, Illinois offer a variety of services to the local community, including a marijuana dispensary, coffee shop, pizza parlor, medical provider, and laundromat. This sale represents an opportunity for the new owner to benefit from the diverse tenant mix and the proximity to Illinois State University.