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Normal 61761
212 W Locust Street
$225,000
● House - For Sale

212 W Locust Street

Normal, IL 61761
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,232 Ft²
$1,460
Est. Monthly

About This Property

LOCATION, LOCATION, LOCATION! Commercially zoned property situated directly across the street from the Illinois State University campus, offering a rare opportunity for investors, developers, or business owners. Previously utilized as a detached single-family student rental, the property provides several potential paths for future use. Continue operating it as student housing, repurpose the existing structure for another permitted commercial use, or take advantage of the prime location and redevelop the site. With its highly visible location immediately adjacent to ISU and an affordable acquisition price, this property offers exciting potential for both immediate use and future redevelopment with very little risk as the ground it sits on is just as valuable. Perfect for someone with a student at the university wanting something in walking distance to classes with easy resale after graduation.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
-
Price per sqft
$183
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1956

Listed By

Jared Litwiller
Jared Litwiller
Coldwell Banker Real Estate Group

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Property Highlights

Air Conditioning
Parking Details
Parking Features: Yes, Owned
Interior Details
Full Bathrooms: 2
Interior Features: 1st Floor Bedroom, 1st Floor Full Bath
Laundry Features: Main Level, In Kitchen
Rooms: 5
Basement: None
Exterior Details
Square Footage: 1232
Square Footage Source: $0
Year Built: 1956
Construction Materials: Brick, Other
Patio and Porch Features: Patio
Lot Size Dimensions: 0.12
Water Source: Public
Financial Details
Tax Annual Amount: $4,251
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,232
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,960
  • Lot Size Depth Feet: 660
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,464
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NINTH ADD
  • Land Acres: 0000000115
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: NINTH ADD TO NORMAL E16 LOT 3 & E60 LOT 4 BLK 3

Neighborhood

  • School District Name: McLean County Unit School District 5
  • Census Tract: 000200

Zoning

  • Zoning: R-1C

Geography

  • District: 30
  • Parcel: 14-28-254-009
  • Block: 3
  • Lot: 3,4
  • Meridian: SEC 28 TWN 24N RNG 02E
  • Municipality: NORMAL
  • Latitude: 40.5132
  • Longitude: -88.9891

    Address

  • Full Address: 212 W Locust St
  • Address - House Number: 212
  • Street Direction: W
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: IL
  • City Name: Normal
  • Carrier Code: C056
  • 4-Digit Zip Code: 2527
  • Zip Code: 61761

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $380,476
  • Tax Rate Code Area: 3001

    Appraisal Valuation

  • Standard Deviation: 0.21
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 71
  • Final Value: 183,242
  • High Value: 221,724
  • Low Value: 144,759

    Market Valuation

  • Market Total Value: $127,065
  • Market Land Value: $28,119
  • Market Improvement Value: $98,946

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,355
  • Assessed Land Value: $9,373
  • Assessed Improvements Value: $32,982
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Normal


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Nearby Rentals

Unit for rent at 1613 Belclare Road, Normal, IL, 61761

$2,700 /mo

  • 2 Beds
  • 3 Baths
  • 2,156 ft²
1613 Belclare Road, Normal, IL, 61761 Listing by Derrick Williams
Unit for rent at 612 1/2 E Chestnut Street, Bloomington, IL, 61701

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
612 1/2 E Chestnut Street #2, Bloomington, IL, 61701 Listing by Tracy Haas Riley


Frequently Asked Questions

When was property at 212 West Locust Street built and last sold?
The property at 212 West Locust Street was built in 1956 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 212 West Locust Street is $225,036.
What are some comparable homes to 212 West Locust Street?
There are currently no comparable homes to 212 West Locust Street.