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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Commercial real estate
2401 12th E Empire St Bloomington, IL 61704-8200
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1622344
Property summary
AI-generated overview
This exceptional 18,000-square-foot freestanding retail building at 2401 1/2 E Empire Street in Bloomington, Illinois, presents a unique investment opportunity. Boasting a large showroom with tile flooring, the property includes 3-4 offices, ample storage, restrooms, and a substantial warehouse area. The warehouse features an extra-large overhead door, a convenient drive-through door connecting to the showroom, and a dock door, enhancing operational efficiency. A fenced patio area facing Empire Street adds to the property's appeal. The building's high ceilings offer exceptional versatility for various business needs. Its prime location between Veterans Parkway and the Central Illinois Regional Airport, surrounded by established businesses, ensures high visibility and significant traffic count. A prominent marquis sign with a fully functional LED message board further enhances visibility.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Construction
FRAME
Total area
18,000 SF
Lot
1.26 ac (54,842 SF)
APN
21-01-127-002
UPID
US28-1622344
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jackie Spencer, Realtor Real Estate Agency
-
BJ Armstrong Custom Homes Construction Company General Contractor
-
Nick Snyders - Realtor at Keller Williams Revolution Real Estate Agency
-
Christina King Realtor -- The Thoughtful Nest -- Keller Williams Revolution Real Estate Agency
-
Kri Brownfield Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.33M
Owner & transaction history
Franke Commerical II LLC · 1 yrs held
Franke Commerical II LLC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bloomington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$74 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$36,920
Tax year 2023
Assessed value
$435,758
Assessed 2023
Previous assessed
$435,758
+0.0% YoY
Effective rate
8.47%
On assessed value
Assessed land
$191,758
Assessed improvement
$244,000
Land market value
$575,275
Improvement market value
$732,001
Total market value
$1,307,276
Applied tax rate
4,008.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
STEAM
Cooling
EVAPORATIVE
Stories
1
Units
1
Total area
18,000 SF
Lot
1.26 ac (54,842 SF)
APN
21-01-127-002
UPID
US28-1622344
Jurisdiction
MCLEAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
1
Units
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Franke Commerical II LLC
Entity
Mailing address
9 CANDLE RDG RD, TOWANDA, IL 61776-7513
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
Franke Commerical II LLC
—
Deed
related
$1,549,084 · Prairie State Bank & Trust
Apr 3, 2020
—
Maple Hill Properties LLC
—
Deed
related
$88,000 · First State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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