1531 E College Ave
Normal, IL 61761
Commerce de détail Propriété À vendre

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1531 East College Avenue (the “Property”), a 100% leased, medical anchored, multi-tenant retail investment located in Normal, IL.
The ±9,120-square-foot building is situated on ±32,069 square feet of land with 85 feet of frontage along East College Avenue. The Property is anchored by Fresenius Medical Care, the world’s largest provider of dialysis services and an investment-grade tenant with BBB credit rating from Standard and Poor’s. Occupying 77% of the GLA, Fresenius has operated at this location for over 12 years and recently extended their lease through 2030, underscoring its long-term commitment to The Property.
Strategically positioned near Veterans Parkway, Bloomington-Normal’s premier retail corridor, the Property benefits from exceptional co-tenancy and market fundamentals. Within a one-mile radius, retail vacancy is just 2.9% across 2.4 million square feet. Nationally recognized retailers such as Walmart, Target, Sam’s Clubs, Menards, TJ Maxx, and HomeGoods drive consistent traffic, while nearby Chick-fil-A, Taco Bell, and Panda Express rank as the top-performing locations for their brands in the entire state. Walmart and Meijer rank Top 5 and Kroger ranks Top 10 as best performers across the state of Illinois for their respective brands.
This high-traffic trade area is supported by a strong employer presence including Illinois State University, State Farm Insurance US Headquarters and Rivian Automotive. Within a 3-mile radius, the average household income exceeds $90,000 and has a population of more than 92,000 residents.