Retail Building Near Veterans
For Sale
$1,560,000
2401 Maloney Drive, Bloomington, IL 61704
13,000 SF retail building near major retailers.
Property Size13,000 SF
Price / SF$120
Days on Market251
Property Features for 2401 Maloney Drive
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Retail
Building Details
Year Built
2005
Listing Agency:
(217) 722-3584
Listed By:
Jill Spratt
(217) 722-3584
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 30 at 6:03AM
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 Jill Spratt
Investment Insights
Based on property information with market context.
This 13,000 square foot retail building is available for sale or lease. It is located one block from Veterans Parkway, a corridor with daily traffic counts exceeding 40,000 vehicles. The property is situated in a commercial hub near national retailers, including Starbucks, Krispy Kreme, Chipotle, Jersey Mike’s, Men’s Wearhouse, Jet's Pizza, Dollar Tree, Jimmy John’s and Potbelly. The location is in Bloomington-Normal, which has a combined population of more than 160,000 and is positioned between Chicago, St. Louis, and Indianapolis. The area serves as the headquarters for State Farm and Country Financial and is home to Rivian Automotive’s manufacturing plant and Ferrero Chocolates’ first North American production facility. The community benefits from the presence of Illinois State University and Illinois Wesleyan University. The property is located at the corner of Maloney Drive and Prospect Rd.
Key Highlights
- High‑traffic location: Situated one block from Veterans Parkway with over 40,000 vehicles daily.
- Strong retail presence: Surrounded by major national retailers like Starbucks and Chipotle.
- Growing community: Located in Bloomington‑Normal, a growing area with a combined population of over 160,000.
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 | $195.0k | $15.00 |
| − Vacancy | −$15.6k | −$1.20 |
| EGI | $179.4k | $13.80 |
| − OpEx | −$53.8k | −$4.14 |
| NOI | $125.6k | $9.66 |
13,000 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.79M
$1.57M – $2.09M
NOI $125,580 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,696 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,245
Businesses Nearby
296k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 21%
Home Improvements & Furnishings 13%
Groceries 6%
Lowe's
Home Improvements & Furnishings
34,456 visits/mo
0.4 miles
Texas Roadhouse
Dining
32,628 visits/mo
0.5 miles
Olive Garden
Dining
26,689 visits/mo
0.4 miles
Fresh Thyme Market
Groceries
16,964 visits/mo
0.2 miles
Jo-Ann Fabric and Craft
Shops & Services
16,079 visits/mo
0.5 miles
Demographics for 61704, IL
37,129
Population
16,529
Households
2.2
Avg Household Size
38
Median Age
58%
College-Educated
97%
High-School Grad
19.0 sq mi
ZIP Area
1,954
Density / Sq Mi
$93,107
Median Household Income
$59,072
Median Earnings
$1,094
Median Rent
$242,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 13,000 SF retail building near major retailers.
Where is this retail space located?
The property is located at 2401 Maloney Drive Bloomington, IL.
What is the asking price?
The asking price for this property is $1,560,000.
What are key features of this property?
This property features: High‑traffic location: Situated one block from Veterans Parkway with over 40,000 vehicles daily.; Strong retail presence: Surrounded by major national retailers like Starbucks and Chipotle.; Growing community: Located in Bloomington‑Normal, a growing area with a combined population of over 160,000.
