Flexible Office-Retail
1806 E Empire Street Bloomington, IL 61704
For Sale
$359,900
Move-in ready building with finished main level and lower level, multiple rooms, and two accessible ramps.
Property Size3,162 SF
Price / SF$113.82
Days on Market506
Property Features for 1806 E Empire Street
General Information
- Standard status
- Active
- Size
- 3,162 SF
- Property subtype
- Office
Building Details
- Year Built
- 1981
Listing Agency:
BHHS Central Illinois, REALTORS
(309) 663-7653
Listed By:
Aimee Spack
Source:
Xome
Added: Mar 5, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:52PM
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 BHHS Central Illinois, REALTORS
Investment Insights
Based on property information with market context.
This move-in ready commercial building includes a fully finished main floor and lower level. The main floor features an open concept layout for flexible use and includes two fully equipped restroom facilities. The main floor can be locked separately from the lower level, creating separate areas within the same building.
The lower level includes three private 7' x 9' rooms plus a large 27' x 9' space initially used for storage, which could be repurposed for additional office space. There is also a 9' x 15' workshop and a 9' x 12' flex space suitable for a range of functions. The building is served by a 200-amp electrical service with four 220V outlets.
Two entrance ramps provide accessibility, and the property includes a fully fenced backyard for additional outdoor use. Parking is available for up to nine spaces, including a reserved handicap space. The building is located on Bloomington’s East side adjacent to Empire Street/Route 9, with visibility from Veterans Parkway and an on-site signage post.
The lower level includes three private 7' x 9' rooms plus a large 27' x 9' space initially used for storage, which could be repurposed for additional office space. There is also a 9' x 15' workshop and a 9' x 12' flex space suitable for a range of functions. The building is served by a 200-amp electrical service with four 220V outlets.
Two entrance ramps provide accessibility, and the property includes a fully fenced backyard for additional outdoor use. Parking is available for up to nine spaces, including a reserved handicap space. The building is located on Bloomington’s East side adjacent to Empire Street/Route 9, with visibility from Veterans Parkway and an on-site signage post.
Key Highlights
- Approx. 3,162 SF commercial building with fully finished main floor and lower level
- Main floor open concept plus lower level includes three private 7' x 9' rooms, a 27' x 9' storage area, a 9' x 15' workshop, and a 9' x 12' flex space
- Two fully equipped restroom facilities; main floor can be locked separately from the lower level
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 | $47.4k | $15.00 |
| − Vacancy | −$3.8k | −$1.20 |
| EGI | $43.6k | $13.80 |
| − OpEx | −$13.1k | −$4.14 |
| NOI | $30.5k | $9.66 |
3,162 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Healthcare Medical
$541.5K
$473.8K – $631.8K
NOI $37,906 @ 7.0% cap · market cap 10.53%
Second Best
Office B
$540.7K
$473.1K – $630.8K
NOI $37,849 @ 7.0% cap · market cap 10.52%
Theoretical Best
Office A
$659.1K
$576.8K – $769.0K
NOI $46,140 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dylan’s Music Lessons
Tutoring Service
FAQs
What type of property is this?
Office building - Move-in ready building with finished main level and lower level, multiple rooms, and two accessible ramps.
Where is this office building located?
The property is located at 1806 E Empire Street Bloomington, IL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Approx. 3,162 SF commercial building with fully finished main floor and lower level; Main floor open concept plus lower level includes three private 7' x 9' rooms, a 27' x 9' storage area, a 9' x 15' workshop, and a 9' x 12' flex space; Two fully equipped restroom facilities; main floor can be locked separately from the lower level
