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Now Pre-Leasing! Prime Retail Opportunity 500 W. Raab Rd 1,500 - 7,000 SF of Retail Space Available in Normal, IL 61761
Highlights
- High-Traffic Location – 32,000 combined AADT
- Flexible Leasing Options – Customized suite ranges
- Landlord Buildout Assistance – Additional TI incentives for credit-worth tenants
- Proven Retail Destination – 132,000 monthly visitors
- Surrounded by Illinois State University, residential developments, and business centers
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,500-7,000 SF | Negotiable | $25.08 CAD/SF/YR $2.09 CAD/SF/MO $175,557 CAD/YR $14,630 CAD/MO | Triple Net (NNN) |
1st Floor
Property Description Coldwell Banker Commercial Devonshire Realty is pleased to offer this 7,000 SF retail site development at 500 W Raab Rd, Normal, IL. Construction begins upon leasing, with 3-4 suites planned, including an endcap drive-thru. Positioned off of the signalized intersection of Raab Rd and N Main St (US-51) with 32,000 combined daily vehicles, the site offers prime visibility and easy access in front of Schnuck’s-anchored Constitution Trail Centre, which attracts 132,000 monthly visitors. Additional Tenant specific buildout assistance is available for credit-worthy Tenants. Ideal for restaurants, retail, and service businesses. Now pre-leasing! Area Description This 7,000 SF future retail development at 500 W Raab Rd, Normal, IL, offers a prime out lot location in front of the high-traffic Schnuck’s center located within the greater Constitution Trail Centre. Positioned along W Raab Rd and N Main St (US-51), it provides excellent visibility, easy access, and shared parking. Surrounded by major retailers like Starbucks, Verizon, and McDonald’s, it’s minutes from Illinois State University, growing residential areas, and OSF St. Joseph Medical Center. Ideal for restaurants, retail, or service businesses, this site delivers strong demographics, steady traffic, and a thriving commercial environment.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Property Facts
| Total Space Available | 7,000 SF | Gross Leasable Area | 7,000 SF |
| Min. Divisible | 1,500 SF | Year Built | 2027 |
| Property Type | Retail | Construction Status | Proposed |
| Property Subtype | Storefront |
| Total Space Available | 7,000 SF |
| Min. Divisible | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 7,000 SF |
| Year Built | 2027 |
| Construction Status | Proposed |
About the Property
Coldwell Banker Commercial Devonshire Realty is pleased to offer this 7,000 SF retail site development at 500 W Raab Rd, Normal, IL. Construction begins upon leasing, with 3-4 suites planned, including an endcap drive-thru. Positioned off of the signalized intersection of Raab Rd and N Main St (US-51) with 32,000 combined daily vehicles, the site offers prime visibility and easy access in front of Schnuck’s-anchored Constitution Trail Centre, which attracts 132,000 monthly visitors. Additional Tenant specific buildout assistance is available for credit-worthy Tenants. Ideal for restaurants, retail, and service businesses. Now pre-leasing! Area Description This 7,000 SF future retail development at 500 W Raab Rd, Normal, IL, offers a prime out lot location in front of the high-traffic Schnuck’s center located within the greater Constitution Trail Centre. Positioned along W Raab Rd and N Main St (US-51), it provides excellent visibility, easy access, and shared parking. Surrounded by major retailers like Starbucks, Verizon, and McDonald’s, it’s minutes from Illinois State University, growing residential areas, and OSF St. Joseph Medical Center. Ideal for restaurants, retail, or service businesses, this site delivers strong demographics, steady traffic, and a thriving commercial environment.
Nearby Major Retailers
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Now Pre-Leasing! Prime Retail Opportunity | 500 W. Raab Rd
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