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4-Unit Mixed-Use Building
For Sale
$495,000

1314-1316 E Empire Street, Bloomington, IL 61701

Multi-tenant property with leased commercial suites, a vacant space, and lower-level parking.

Property Size11,527 SF
Days on Market255

Property Features for 1314-1316 E Empire Street

General Information

Standard status Active
Size 11,527 SF
Property subtype Commercial
Zoning COMMR

Additional Details

Office Units 4

Taxes and HOA fees

Annual Taxes $14,535

Building Details

Building Size 11,527 SF
Year Built 1980
Buildings 1
Stories 2
Units 4
Tenancy Multi
Listing Agency: CORE 3 Commercial Real Estate
Listed By: Tom Dibble · License #475160875
Source: Ozmentrealestate
Added: Dec 10, 2025 Changed: Aug 21 Last Checked: Aug 21 at 6:31AM

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 CORE 3 Commercial Real Estate

Investment Insights

Based on property information with market context.

This mixed-use building contains four units and was constructed in 1980. Suite A received renovations within the past few years and is occupied by a beauty salon. The upper-level suite operates as an escape room, while Suite C is occupied by a dance studio that has been in place for nearly eight years.

A 2,100-square-foot vacancy remains within the property and is identified for potential retail, office, or owner-occupant use. The site includes two rows of parking on the lower level, with additional land extending beyond the building. The property is located in Bloomington and carries COMMR zoning.

Key Highlights

  • Four‑unit mixed‑use building constructed in 1980
  • 2,100 SF vacant space identified for retail, office, or owner‑occupant use
  • Suite A renovated within the last few years

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Building Supply Furniture & Home Goods HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,207
Businesses Nearby
297k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 41% Home Improvements & Furnishings 20% Shops & Services 19% Dining 17%
Kohl's Apparel
66,675 visits/mo 0.3 miles
HomeGoods Home Improvements & Furnishings
47,034 visits/mo 0.4 miles
DICK'S Sporting Goods Apparel
43,917 visits/mo 0.4 miles
McDonald's Dining
27,204 visits/mo 0.3 miles
Five Below Shops & Services
24,040 visits/mo 0.4 miles

Demographics for 61701, IL

34,497
Population
18,038
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
11.0 sq mi
ZIP Area
3,136
Density / Sq Mi
$55,882
Median Household Income
$37,674
Median Earnings
$873
Median Rent
$138,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-tenant property with leased commercial suites, a vacant space, and lower-level parking.
Where is this mixed-use property located?
The property is located at 1314-1316 E Empire Street Bloomington, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Four‑unit mixed‑use building constructed in 1980; 2,100 SF vacant space identified for retail, office, or owner‑occupant use; Suite A renovated within the last few years
More about this property
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