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    1605 Morrissey Dr Bloomington, IL 61704

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    For Lease
    $12 SF/Yr ($4,120 /Mo)

    Versatile retail space with premier visibility and ample parking.

    Property size:
    4,120 SF
    Lot size:
    8.64 Acres

    Property Features for 1605 Morrissey Dr

    General Information

    Size
    4,120 SF
    Lot size
    8.64 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 Space with Open Layout

    This retail space, identified as Suite 101, is an end-cap unit situated opposite Dollar Tree. It features a wide-open floor plan suitable for various business uses. The rear of the unit includes additional storage space, accessible via a set of double doors for convenient loading and unloading. Furthermore, the suite contains a small office area and multiple restrooms. The owner is open to dividing the suite into two smaller units, which may affect the lease rate. The property benefits from premier visibility on busy Veterans Parkway, with convenient access via a stoplight. The location sees over 35,000 vehicles per day at the intersection. Ample parking is available. Recent upgrades have been made, including to the parking lot. The property offers various redevelopment opportunities. The space totals 4120 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GoCredit.me-Bloomington Loan Agency Hertz - Uber, Bloomington Transportation Service Coco Lane Boutique Boutique Dollar Car Rental ... Car Rental Agency Ipamorelin Center Medical Group

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9728184
    Latitude
    40.4590957

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    FAQs

    What type of property is this?
    Retail space - Versatile retail space with premier visibility and ample parking.
    Where is this retail space located?
    The property is located at 1605 Morrissey Dr Bloomington, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Premier visibility from busy Veterans Pkwy with 35,000+ VPD.; - End cap unit with a wide open floor plan suitable for multiple uses.; - Convenient stoplight access.
    (331) 452-6860
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    1605 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
    1605 Morrissey Dr Bloomington, IL 61704
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