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    704 S Eldorado Rd Bloomington, IL 61704

    For Sale
    $1,800,000

    Highly visible B-1 zoned commercial lots in Bloomington, Illinois.

    Property size:
    1 SF
    Lot size:
    1.21 Acres

    Property Features for 704 S Eldorado Rd

    General Information

    Size
    1 SF
    Lot size
    1.21 Acres

    Building Details

    Year built
    1976

    Source: Jill Spratt Agent Jill Spratt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Lots on Corner

    Two B-1 zoned commercial lots are available on the corner of Eldorado Road and Arcadia Drive in Bloomington, Illinois. The parcels offer frontage along Veterans Parkway, a busy area with average daily traffic counts exceeding 27,000 vehicles. The location is suitable for a range of commercial uses. The site provides accessibility, strong demographics, and exposure in a commercial corridor surrounded by national retailers, restaurants, and residential neighborhoods. The property is located on the corner of Eldorado Road and Arcadia Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9513032
    Latitude
    40.4725523

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    FAQs

    What type of property is this?
    Land - Highly visible B-1 zoned commercial lots in Bloomington, Illinois.
    Where is this land located?
    The property is located at 704 S Eldorado Rd Bloomington, IL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Premier corner location at Eldorado Road and Arcadia Drive.; - B-1 zoning suitable for a wide range of commercial uses.; - High visibility with frontage on Veterans Parkway.
    (217) 722-3584
    Request Owner's contact information
    704 S Eldorado Rd Bloomington, IL 61704
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    Bloomington, IL 61704
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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
    704 S Eldorado Rd Bloomington, IL 61704
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