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    208-210 Center St Bloomington, IL 61701

    Sponsored
    For Sale
    $995,000

    Prime Location, Redevelopment Opportunity

    Property size:
    17,046 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional three-story mixed-use building, located at 208-210 N Center Street in the heart of Bloomington, IL, presents a unique investment opportunity. Spanning 17,046 square feet, the property boasts a rich history, having previously housed Osco and more recently, CVS Pharmacy on the ground floor. The upper two floors are currently unfinished, offering significant potential for redevelopment into residential units, apartments, or other suitable uses. The possibilities are vast, allowing for creative design and customization to meet diverse needs. The basement, while unfinished, is notably dry and provides ample storage space, along with existing restrooms and all essential mechanical systems. The current owner is actively undertaking renovations, which will result in adjustments to both the listing price and any potential lease prices as the project progresses. This prime downtown location offers excellent visibility and accessibility, making it an ideal investment for both experienced developers and those seeking a high-return project. The property sits on a lot with no acreage listed, but its central location more than compensates. This is a chance to acquire a substantial building with significant upside potential in a thriving Illinois community. Serious inquiries are encouraged.

    Property Features for 208-210 Center St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    17,046 SF

    Building Details

    Year Built
    1850
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.99496
    Latitude
    40.47992

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Redevelopment Opportunity
    Where is this commercial real estate located?
    The property is located at 208-210 Center St Bloomington, IL.
    What is the asking price?
    The asking price for this property is $995,000.
    (309) 663-7653
    Request Owner's contact information
    208-210 Center St 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
    208-210 Center St Bloomington, IL 61701
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