1501 N Main Street, Normal, IL, 61761

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$725,000
New Listing

1501 N Main Street
Normal, IL 61761

For Sale|Business|Active
0
Beds
0
Total Baths
2,724
SqFt
$266
/SqFt
1971
Built
County:
McLean
Listing Courtesy of MRED as distributed by MLS Grid of HomeSmart Realty Group Illinois

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1501 N Main Street1501 N Main Street1501 N Main Street1501 N Main Street
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Prime Commercial Opportunity Near Illinois State University & Heartland Community College. Exceptional turn-key commercial property in a high-visibility, signalized corner location with outstanding traffic exposure. Strategically positioned on Main Street and just moments from Interstate 55, this extensively remodeled building offers exceptional accessibility and visibility. The property is conveniently located near both Illinois State University and Heartland Community College, providing access to a large and diverse customer base of students, faculty, residents, commuters, and visitors. The property features a fully equipped commercial kitchen and restaurant equipment updated in 2023, making it an excellent opportunity for restaurant operators, caterers, food service businesses, or investors seeking a ready-to-operate facility. Recent improvements include attractive tile flooring, updated restrooms, a large walk-in cooler, walk-in freezer, newer roof, HVAC systems, furnace, and air handling equipment. Surrounded by established residential neighborhoods, apartment communities, parks, and recreational amenities, this location benefits from strong daily traffic and excellent visibility. Fairview Park and the community swimming pool are just moments away, generating additional seasonal activity and foot traffic. Easy access to Interstate 55 further enhances the property's appeal by capturing both local and regional traffic. Sale includes the land, building, furniture, fixtures, and restaurant equipment. The existing business, trade name, goodwill, inventory, and business operations are NOT included in the sale and are not for sale. Whether you're expanding an existing operation, launching a new concept, or investing in a highly desirable commercial corridor, this property offers exceptional value, location, and long-term potential. Showing Requirements: Out of respect for the ongoing business operations, showings are by appointment only. Only serious, qualified buyers will be considered. Proof of funds or lender pre-approval must be provided prior to scheduling a showing. Please do not disturb employees, ownership, or business operations. Rare opportunity to acquire a well-maintained, fully equipped commercial property in one of Bloomington-Normal's most accessible and highly visible commercial locations.

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Listing Snapshot
Price 
$725,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,724 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1971
MLS® Number 
12762145
Status 
Active
Property Tax 
$8,157
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 hours agoListing updated with changes from the MLS®
5 hours agoListing first seen on site
General Features
Property Sub Type 
Business
SqFt Total 
2724
Zoning 
COMMR
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
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Community Features
MLS Area 
Normal
Listing Courtesy of MRED as distributed by MLS Grid of HomeSmart Realty Group Illinois



Based on information submitted to the MLS GRID as of 2026-09-17 12:05 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-09-17 12:05 PM UTC
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Neighborhood & Commute
Source: Walkscore
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