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    1511 Morrissey Dr Bloomington, IL 61701

    For Sale
    $379,900

    Mixed Use - Bloomington, IL

    Type:Mixed Use
    Property size:
    2,940 SF
    Days on Market:
    14
    Last Refresh:
    Dec 14 at 12:06 pm

    Property Features for 1511 Morrissey Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    2110453001
    Size
    2,940 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Number of units
    3
    Roof type
    Metal
    Architectural style
    Other

    RE/MAX CHOICE (309) 664-8500 [email protected]

    Listing agent Mahmoud Qatanani (309) 664-8500 License #471008529

    Listing date Dec 1, 2025

    MLS# 12465130 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bloomington Retail Units For Sale

    Located at a busy intersection of Veterans Pkwy and Morrissey, this property features three income-producing commercial retail units. Each unit is equipped with its own gas and electric service, bathroom, office, and HVAC system. A shared water meter serves the property. The building, constructed with steel/stucco and a metal roof, offers low maintenance. Fifteen shared parking spaces are available. The property was previously occupied by a long-term tenant who rented all three units. The wall between units A and B was removed, and a doorway was opened between units B and C, but can easily be restored. Previously, the property accommodated three different businesses simultaneously, with each unit rented for $1300 per month. The property is zoned COMMR. REFER TO PLAT DRAWING - Auto Center Condo Unit A ONLY for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    D & G Coins Coin Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9718598
    Latitude
    40.4606664

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    FAQs

    What type of property is this?
    Strip mall - Three income-producing retail units at a busy intersection.
    Where is this strip mall located?
    The property is located at 1511 Morrissey Dr Bloomington, IL.
    What is the asking price?
    The asking price for this property is $379,900.
    What are key features of this property?
    This property features: - Income-producing commercial retail unit at a busy intersection.; - Each unit has its own gas, electric, bathroom, office, and HVAC.; - Low-maintenance steel/stucco building with a metal roof.
    (309) 664-8500
    Request Owner's contact information
    1511 Morrissey Dr Bloomington, IL 61701
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    Bloomington, IL 61701
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    Realmo Value Estimation

    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.

    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.

    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
    1511 Morrissey Dr Bloomington, IL 61701
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