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    615 Main St Bloomington, IL 61701

    For Sale
    $950,000

    Historic building, ready for your vision. 50 parking spaces included.

    Property size:
    6,813 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 6,813 square foot building located at 615 N Main Street in Bloomington, Illinois, presents a unique opportunity for a discerning investor or entrepreneur. Previously operating as the Grand Cafe, the property boasts a prime downtown location and is being offered "As Is." The building has undergone significant renovations, including a brand new roof installed in 2020. The entire interior has been completely gutted, providing a blank canvas for a custom design and build-out to perfectly suit your needs. This is a rare find in the heart of Bloomington, offering a substantial amount of parking – a significant advantage for any commercial venture. With 50 parking spaces included, this property eliminates the common challenges associated with downtown parking limitations. The building's size and location make it ideal for a variety of commercial uses, offering significant potential for a high-return investment. The "As Is" sale condition allows for flexibility and creative design possibilities. Seize this chance to establish your business in a highly desirable and well-positioned downtown Bloomington location. Act quickly, as opportunities like this are seldom available.

    Property Features for 615 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,813 SF

    Building Details

    Year Built
    1975
    Insight Report Location Intelligence

    Current Use by Public Records

    Empire Today Flooring Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.99348
    Latitude
    40.48434

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    FAQs

    What type of property is this?
    Commercial real estate - Historic building, ready for your vision. 50 parking spaces included.
    Where is this commercial real estate located?
    The property is located at 615 Main St Bloomington, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    (309) 340-1000
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    615 Main 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
    615 Main St Bloomington, IL 61701
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