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    Commercial Property with Residential Home Title is generated by Realmo AI

    3612 W Bloomington Road, Champaign, IL 61822

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    For Sale
    $1,250,000

    COMMERCIAL - Champaign, IL

    Property size:
    7,800 SF
    Lot size:
    9.88 Acres
    Price / SF:
    $160/SF
    Added:
    Oct 31, 2025
    Days on Market:
    221
    Last Refresh:
    Jun 8 at 8:06 am

    Property Features for 3612 W Bloomington Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    121428300008
    Size
    7,800 SF
    Lot size
    9.88 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 102 BILL SUB
    Tax Annual Amount
    9519

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Septic Tank
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Well

    Building Details

    Year built
    1961
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Steel Siding, Wood

    We can help!

    Listing Contact
    Diane Dawson
    Diane Dawson

    Listing agent Diane Dawson License #475126019

    Listing office RE/MAX REALTY ASSOCIATES-CHA 2009 Fox Drive - Suite G, Champaign, IL

    Listing date Oct 31, 2025

    MLS# 12468790

    Copyright © 2026 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.

    HighLights

    • Current lease provides $90,000 annual income with zero expenses through 10/31/2026.
    • Massive 130 x 60 commercial building divided into 3 units, each with separate utilities, doors, and bathrooms.
    • Includes a 4‑bedroom, 1.5‑bath, 2500 sqft residential home with a detached 2.5‑car garage.
    • Prime location between Mahomet & Champaign on US Rt. 150, with easy access to major routes and surrounded by mature trees.
    • Approximately 10 acres with ample parking, open space, and potential for outdoor storage, workspace, and expansion.
    • Residential home features recent updates including new flooring, replacement windows, updated kitchen with stainless appliances, and fresh paint.

    Overview

    This commercial property, situated on approximately 10 acres between Mahomet and Champaign, Illinois, offers convenient access to Champaign, Mahomet, I-74, and Staley Road. The property is currently fully leased through October 31, 2026, with the tenant responsible for property taxes, insurance, utilities, and maintenance. The property generates $7,500 per month in rent, resulting in $90,000 annual income. The existing structure is a 130 x 60 building divided into three separate units, each with individual utilities, doors, and bathrooms. The property includes ample parking and open space suitable for outdoor storage, workspace, and future expansion. Additionally, the property features a multi-level, residential home with four bedrooms, one and a half bathrooms, and approximately 2,500 square feet (1,900 finished) of living space. The home includes a detached 2.5-car garage, a 28x14 living room, a 22x11 four-season room, and a 14x11 laundry room, along with unfinished basement storage. Recent updates to the home include a freshly painted interior, replacement windows, new LVP flooring, and an updated kitchen with stainless steel appliances. The property is gated with a brick and concrete fence. The property has two PIN's 12-14-33-100-011 & 12-14-28-300-008.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $103.0k $13.20
    − Vacancy −$8.8k −$1.12
    EGI $94.2k $12.08
    − OpEx −$28.3k −$3.62
    NOI $65.9k $8.45
    7,800 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $942.1K
    $824.3K – $1.10M (±1% cap)
    NOI $65,946 @ 7.0% cap · market cap 5.28%
    Second Best
    Apartment 5plus
    $859.3K
    $751.9K – $1.00M (±1% cap)
    NOI $60,154 @ 7.0% cap · market cap 4.81%
    Theoretical Best
    Office A
    $1.62M
    $1.42M – $1.89M (±1% cap)
    NOI $113,593 @ 7.0% cap · market cap 9.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Unmatched Detailing Car Wash Unmatched Detailing Specialist Car Wash Imperial Concrete Company ... Construction Company

    Suggested Use

    Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Storage Facility Wine and Liquor Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.305545
    Latitude
    40.15629

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    FAQs

    What type of property is this?
    Mixed-use property - 10-acre commercial property with income, residential home, expansion potential.
    Where is this mixed-use property located?
    The property is located at 3612 W Bloomington Road Champaign, IL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Current lease provides $90,000 annual income with zero expenses through 10/31/2026.; Massive 130 x 60 commercial building divided into 3 units, each with separate utilities, doors, and bathrooms.; Includes a 4‑bedroom, 1.5‑bath, 2500 sqft residential home with a detached 2.5‑car garage.
    (217) 373-4964
    We can help!
    Listing Contact
    Diane Dawson
    Diane Dawson
    Real Estate License ID: 475126019
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    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
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