10 LAFAYETTE CT, Bloomington, IL 61701
Industrial flex space featuring a spray paint booth with ventilation, oil separator, and floor drains for specialized operations.
- Added:
- Jun 17, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 2:07 am
Property Features for 10 LAFAYETTE CT
General Information
- Standard status
- Active
- Size
- 6,325 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1996
Listing office Axis 360 Commercial Real Estate Specialists (309) 664-3617
Listing date Jun 17, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Axis 360 Commercial Real Estate Specialists
HighLights
- 1996‑built industrial flex space with radiant tube heating in the warehouse
- Spray Master 2000 paint booth included with ventilation system
- Oil separator and floor drains for specialized operations
- Central A/C serving the office area
- 220V outlets available in the space
- 30‑gallon water heater included
Overview
Located at 10 Lafayette Ct in Bloomington, IL, the property is well-suited for buyers seeking an industrial footprint with built-in equipment. The specific configuration suggests functionality for processes requiring spray application and controlled ventilation, while still maintaining a workable office presence with climate control and electrical capacity.
For tenants or owners who need a turnkey industrial workspace for finishing, painting, or related work, the existing paint booth and associated systems provide a practical starting point. Buyers who would rather operate without the booth have the option to remove it prior to sale, allowing the space to be repurposed while retaining the core industrial and office amenities already in place.
Local Financial Insights For Office B
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 | $132.8k | $21.00 |
| − Vacancy | −$31.9k | −$5.04 |
| EGI | $100.9k | $15.96 |
| − OpEx | −$25.2k | −$3.99 |
| NOI | $75.7k | $11.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- McLean
- State
- Illinois
- Longitude
- -88.9843991
- Latitude
- 40.4640844
