Sign up to get new listings emailed daily! JOIN SIGN IN
Karl Gasbarra
REALTOR®, CRS CRB e-PRO
(815) 975-4218

1501 N Main Street , Normal, IL 61761

$725,000
  • 1501 N Main Street , Normal, IL 61761 Main Photo

10 Photos

New to the Market New
SQUARE FEET2,724 MLS#12762145
STATUSNew PROPERTY TYPECommercial - Retail

Property Description

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.

1501 N Main Street | MLS# 12762145

This commercial property located at 1501 N Main Street , Normal, IL 61761 is currently listed for sale with an asking price of $725,000. Search Normal real estate on kgasbarra.gogambino.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.39 Acres
Stories: 1.0
Taxes: $8,157
Year Built: 1971

Feature Descriptions

Electric: Circuit Breakers
Fire Protection: Fire Extinguisher/s
Frontage Type: City Street
HVAC: Forced Air, Gas
Location: Free Standing/Urban
Lot Dimensions: 42 X 66 X 170 X 100 X 145
Miscellaneous Indoor: Accessible Entrance, Public Restroom/s, Storage Inside
Parcel#: 1421126021
Parking: 31-50 Spaces
Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Structure, Sewer

Listed By / Shown By

Listed By

Agency Name: HomeSmart Realty Group Illinois
Agency Phone: 708-320-0002

Shown By

Agent Name: Karl Gasbarra
Agent Phone: (815) 975-4218
Agency Title: Gambino Realtors

IDX logo

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/17/2026. The listing information on this page last changed on 09/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 09/17/2026 12:35:27 PM EST) or MRED MLS (last updated Thu 09/17/2026 12:32:42 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 09/17/2026 12:04:39 PM EST) or Northern Illinois Commercial Association Realtors (last updated Wed 09/16/2026 2:10:11 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.



Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder