Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings
    (309) 275-9333
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family
    • Commercial Lease

    Listings

    For Sale (16)

    View map
    Residential Lot in Pheasant Ridge
    $55,000

    Residential Lot in Pheasant Ridge

    Large lot ready for a dream home in Normal, IL.

    1707 Setter St, Normal, IL 61761
    View details
    Buildable Lot in Peoria, IL
    Contact for pricing

    Buildable Lot in Peoria, IL

    Vacant lot suitable for building a home or investment property.

    312 S Webster St, Peoria, IL 61605
    View details
    Residential Land Near Rivian Motors
    $45,000
    0.80 Acres

    Residential Land Near Rivian Motors

    Land in Carlock, IL, near Bloomington and Peoria.

    1 Cobblestone Ave, Carlock, IL 61725
    View details
    Residential Lot in Fox Hollow
    $72,500

    Residential Lot in Fox Hollow

    Residential lot in established neighborhood with pool, clubhouse, and lake.

    2705 Fox Trot Trl, Bloomington, IL 61705
    View details
    Residential Lot in Fox Hollow
    $72,500

    Residential Lot in Fox Hollow

    Residential lot in established neighborhood with community amenities and lake.

    2709 Fox Trot Trl, Bloomington, IL 61705
    View details
    Bloomington Two-Unit Income Property
    $119,900

    Bloomington Two-Unit Income Property

    Well-maintained two-unit property with reliable tenants and recent upgrades.

    901 S Lee St, Bloomington, IL 61701
    View details
    Residential Land Near Rivian Motors
    $40,000
    0.51 Acres

    Residential Land Near Rivian Motors

    Land in Carlock, IL, near Bloomington and Peoria.

    9 Boulder Dr, Carlock, IL 61725
    View details
    Residential Land Near Rivian Motors
    $40,000
    0.52 Acres

    Residential Land Near Rivian Motors

    Land in Carlock, IL, near Bloomington and Peoria.

    15 Boulder Dr, Carlock, IL 61725
    View details
    Residential Land Near Rivian Motors
    $48,000
    0.54 Acres

    Residential Land Near Rivian Motors

    Land near Bloomington with large yards in peaceful subdivision.

    4 Cobblestone Ave, Carlock, IL 61725
    View details
    Prime Lot in Sherwood Subdivision
    $189,900

    Prime Lot in Sherwood Subdivision

    Spacious lot in Bloomington's Sherwood subdivision, Tri-Valley School District.

    19977 Jared Dr, Bloomington, IL 61705
    View details
    Residential Land Near Rivian Motors
    $49,000
    0.54 Acres

    Residential Land Near Rivian Motors

    Land in Carlock, IL, near Bloomington and Peoria.

    4 Sandstone Ave, Carlock, IL 61725
    View details
    Bloomington Land Parcel For Sale
    $340,000
    16.80 Acres

    Bloomington Land Parcel For Sale

    16.8 acres of land near Veteran's Parkway.

    1723 Six Points Rd, Bloomington, IL 61701
    View details
    Turnkey Restaurant in Campus, IL
    $100,000
    2,160 SF

    Turnkey Restaurant in Campus, IL

    Family-owned restaurant/bar in a charming small town. Ready to go!

    102 Center St, Campus, IL 60920
    View details
    Bloomington Vacant Lot For Sale
    Contact for pricing
    0.15 Acres

    Bloomington Vacant Lot For Sale

    Vacant lot in Bloomington, Illinois, zoned R-1C.

    1209 W Market St, Bloomington, IL 61701
    View details
    Downtown Bloomington Restaurant Space
    $950,000
    6,813 SF

    Downtown Bloomington Restaurant Space

    Historic building, ready for your vision. 50 parking spaces included.

    615 Main St, Bloomington, IL 61701
    View details
    Downtown Bloomington Building with Parking
    $950,000
    6,813 SF

    Downtown Bloomington Building with Parking

    Commercial building with 50 parking spaces in downtown Bloomington.

    615 N Main St, Bloomington, IL 61701
    View details

    For Lease (9)

    View map
    Office Space in Central Location
    Contact for pricing

    Office Space in Central Location

    Office space for rent in Bloomington, Illinois.

    901 E Grove St, Bloomington, IL 61701
    View details
    Office Space in Central Location
    Contact for pricing

    Office Space in Central Location

    Office space for rent in Bloomington, Illinois.

    901 E Grove St, Bloomington, IL 61701
    View details
    Bloomington Office Space For Rent
    Contact for pricing

    Bloomington Office Space For Rent

    Office space available in a central Bloomington location.

    901 E Grove St, Bloomington, IL 61701
    View details
    Office Space in Central Location
    Contact for pricing

    Office Space in Central Location

    Office space for rent in a central Bloomington location.

    901 E Grove St, Bloomington, IL 61701
    View details
    Office Space in Central Location
    Contact for pricing

    Office Space in Central Location

    Office space for rent in Bloomington, Illinois.

    901 E Grove St, Bloomington, IL 61701
    View details
    Office Space in Central Location
    Contact for pricing

    Office Space in Central Location

    Office space for rent in a central Bloomington location.

    901 E Grove St, Bloomington, IL 61701
    View details
    East Side Office Condo
    Contact for pricing

    East Side Office Condo

    Partially furnished, recently renovated office condo for lease.

    1713 Tullamore Ave, Bloomington, IL 61704
    View details
    Retail Space in Normal, IL
    Contact for pricing
    1,407 SF

    Retail Space in Normal, IL

    Retail space available for rent in Normal, Illinois.

    616 Raab Rd, Normal, IL 61761
    View details
    Commercial Space in Normal, IL
    Contact for pricing
    1,407 SF

    Commercial Space in Normal, IL

    Retail space available for rent in Normal, Illinois.

    616 Raab Rd, Normal, IL 61761
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    RE/MAX Rising
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    RE/MAX Rising
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!