Corner Property South of
807 S Main Street Bloomington, IL 61701
For Sale
$325,000
Corner property with great exposure in Bloomington, Illinois.
Property Size1,946 SF
Price / SF$167.01
Days on Market245
Property Features for 807 S Main Street
General Information
- Standard status
- Active
- Size
- 1,946 SF
- Property subtype
- Retail
Listing Agency:
SVN | Core 3
(331) 452-6860
Listed By:
Carrie Tinucci-Troll, CCIM · License #IL475166842
(331) 452-6860
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 23 at 4:06AM
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 SVN | Core 3
Investment Insights
Based on property information with market context.
Located just south of downtown Bloomington, the property at 807 S. Main Street is a corner lot with entrances to both North and South Main. The existing property, formerly a gas station and convenience store, includes a 1946 SF building and a smaller building previously used for a car wash. Zoned B-1, the property offers great exposure to northbound and southbound traffic. The surrounding area includes restaurants and businesses, with proximity to Illinois State University and Illinois Wesleyan University. The property is being sold with some restrictions in place.
Key Highlights
- Corner lot location on Main Street.
- High exposure to northbound and southbound traffic.
- Zoned B‑1, offering various business opportunities.
Financial Insights For Specialty 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 | $35.0k | $18.00 |
| − Vacancy | −$3.0k | −$1.57 |
| EGI | $32.0k | $16.43 |
| − OpEx | −$8.0k | −$4.11 |
| NOI | $24.0k | $12.33 |
1,946 SF · lease $18.00/SF/yr · vacancy 8.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$342.6K
$299.8K – $399.8K
NOI $23,985 @ 7.0% cap · market cap 7.38%
Second Best
Retail
$268.5K
$235.0K – $313.3K
NOI $18,798 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,396 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BP
Gas Station
FAQs
What type of property is this?
Gas station - Corner property with great exposure in Bloomington, Illinois.
Where is this gas station located?
The property is located at 807 S Main Street Bloomington, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Corner lot location on Main Street.; High exposure to northbound and southbound traffic.; Zoned B‑1, offering various business opportunities.
