Central IL Portfolio – Bloomington & Normal
Normal, IL
Asking price
$4,250,000
Units
357
Cap rate
8.73%
implied from NOI
Price / unit
$11,905
About this property
Central IL Portfolio - Bloomington & Normal - Skip to content Properties For Sale Track Record Closings Featured Case Studies Client Success Stories Insights Industry Reports Insights Video Library Careers About Who We Are Our Team The SVA Difference Services Press Releases SkyView In The News Contact Us Log in Properties For Sale Track Record Closings Featured Case Studies Client Success Stories Insights Industry Reports Insights Video Library Careers About Who We Are Our Team The SVA Difference Services Press Releases SkyView In The News Contact Us Log in View All Properties for Sale Central IL Portfolio – Bloomington & Normal BLOOMINGTON & NORMAL, IL Self Storage Login to View Financials Login to View OM Share This Property Call for Offers: ends October 27, 2026 Deal Highlights • Opportunity to acquire a well-positioned 2-property portfolio in Bloomington/Normal, IL, operating at 93% physical occupancy across ~60k NRSF. • The Properties Offer Significant Upside Expansion Potential With The Ability To Raise Rates 10% To Match Market Rates • Strong Demographics With Average Population 50k (3-Mile) 100k (5 Mile) • The Submarket Features 9 Square Feet of Storage Supply per Capita in the 3&5-Mile Radius & Strong Demographic Growth in the Surrounding Trade Area, Ensuring a Consistent and Reliable Customer Base in a High-Barrier-to-Entry Market • This Portfolio Offers Great Synergy Between The 2 Properties Allowing Coupled Management Address: 1001 West Market Street, Bloomington, IL & 110 Merle Lane, Normal, IL Price: $4,250,000 Pro Forma NOI: $371,140 Net Rentable Square Feet: 59,920 NRSF Unit Count: 357 Lot Size: 4.88 Acres Status: Active Year Built: 1985 *Lead broker information is located within the offering memorandum. Listed By: Jennifer Stein Real Estate, Inc. IL RE Lic # 478.027711 Ready to Understand Your Property’s True Market Position? Whether you’re planning ahead or exploring your options, our advisors provide clear guidance backed by real-time data and national transaction insights. Get Your Property Valuation Speak With an Advisor Services Properties Track Record Insights Careers Who We Are Contact Us 100 S. Ashley Drive #600, Tampa, FL 33602 Tel: [phone — unlock to view] © 2026 SkyView Advisors, LLC. All Rights Reserved. Privacy Policy Terms & Conditions Licensing & Disclosures Instagram Facebook LinkedIn X YouTube Log in Register Remember me Log In Forgot your password? Register Lost your password? Please enter your email address. You will receive an email with a link to set new password. Reset password Back to login Nondisclosure agreement this nondisclosure agreement (this “ Agreement ”), made as of this 22nd day of September, 2026 (the “ Effective Date ”) [COMPANY], a [COMPANY TYPE], and its affiliates, (“ Recipient ”), with an address of [ADDRESS], for the benefit of Skyview Advisors LLC (“ Discloser ”), with an address of 100 N Ashley Dr, Suite 600 | Tampa, FL 33602 (collectively, Recipient and Discloser are the “ Parties ”). RECITALS: WHEREAS , Recipient been advised that Discloser is acting as the exclusive agent to the owner of the property known as Central IL Portfolio - Bloomington & Normal and located at (the “ Property ”); WHEREAS , Discloser is willing to provide to Recipient the certain information pursuant to the terms set forth herein in order to facilitate a potential transaction between Recipient and the owner to the Property in connection with the Property (the “ Transaction ”); WHEREAS , subject to full execution of this Agreement by all Parties, the Discloser intends to provide Recipient with certain proprietary and confidential information as determined by Discloser relating to the Transaction.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $4,250,000 |
|---|---|
| Units | 357 |
| Price per unit | $11,905 |
| NOI | $371,140 |
| Occupancy | 93% |
| Building size | 59,920 sq ft |
| Lot size | 4.88 acres |
| Year built | 1985 |
| Address | 1001 West Market Street, Bloomington, IL & 110 Merle Lane, Normal, IL |
| First seen by UnitListed | Sep 23, 2026 |
| Source page last checked | Sep 23, 2026 |
| Source last changed | Sep 23, 2026 |
Trade area · McLean, IL
4 of 6 availableContext about the county from the public record — not from the seller, and not a valuation. The seller's own figures are shown separately above and are never mixed with these.
McLean, IL has 3 lessors of miniwarehouses and self-storage units recorded by Census across 170,882 residents — about 56,961 people per facility.
- Mapped competitors within 10 miles
- 6
- Residents per competing facility
- 56,961
- Renter-occupied housing
- 34.8%
- Median SBA loan approved, this asset class
- —
- SBA loans in this industry that charged off
- —
- FEMA composite risk rating
- Relatively Moderate
OpenStreetMap contributors · current
US Census County Business Patterns + ACS · 2022 · county level
US Census ACS 5-year, table B25003 · 2023 · county level
Only 1 loan recorded — too few to publish a median. The count is shown instead.
SBA 7(a) and 504 FOIA loan disclosures · FY2015-FY2015 · county level
Only 1 loan on record; a default rate over that few is noise.
SBA 7(a) and 504 FOIA loan disclosures · FY2015-FY2015 · county level
FEMA National Risk Index · 2025 · county level
Sources: US Census Bureau (County Business Patterns, American Community Survey), US Small Business Administration 7(a)/504 loan disclosures, FEMA National Risk Index, and © OpenStreetMap contributors. Public records describe a county, not this property.
Before you call the broker
6 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Asking price — disclosed
Currency of the asking price — disclosed
Net operating income — disclosed
Unit mix and rent roll — disclosed
Physical vs economic occupancy — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 23, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 23, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
