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    1603 Morrissey Dr Bloomington, IL 61704

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    For Sale
    $900,000

    Retail property featuring recent upgrades and high visibility.

    Property size:
    23,181 SF
    Lot size:
    1.50 Acres

    Property Features for 1603 Morrissey Dr

    General Information

    Size
    23,181 SF
    Lot size
    1.50 Acres

    Source: SVN | Core 3 Agent Carrie Tinucci-Troll

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

    Overview

    Retail Property with Ample Parking

    This retail property offers significant potential and features recent upgrades to both the property itself and the parking lot. The property benefits from great visibility from Veterans Parkway and provides ample parking space for customers and staff. The building has a total size of 23181 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx Drop Box Mailing Service

    Suggested Use

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

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

    Similar Places Nearby

    Silvestre, Von maur

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9714023
    Latitude
    40.4584956

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    FAQs

    What type of property is this?
    Shopping center - Retail property featuring recent upgrades and high visibility.
    Where is this shopping center located?
    The property is located at 1603 Morrissey Dr Bloomington, IL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Great visibility from Veterans Parkway; - Ample parking; - Recent upgrades to the property
    (331) 452-6860
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    1603 Morrissey Dr 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
    1603 Morrissey Dr Bloomington, IL 61704
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