Private Coworking
For Sale
Contact for pricing
1319 Veterans Parkway # 3-b102, Bloomington, IL 61704
A lockable office pairs private workspace with access to shared meeting and break areas.
Property Size198 SF
Price / SF$3.54
Days on Market18
Property Features for 1319 Veterans Parkway # 3-b102
General Information
Standard status
Active
Size
198 SF
Property subtype
Office/Tech
Zoning
COMMR
Additional Details
Property Use
Office
Amenities
shared conference room
kitchenette access
shared restroom
collaborative environment
Carpet
City Street
Block
Building Details
Year Built
1989
Stories
1
Listing Agency:
(309) 808-2125
Listed By:
Gage Juarez
Source:
Core3re
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 31 at 3:15AM
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 Gage Juarez
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Investment Insights
Based on property information with market context.
This 198-square-foot coworking office offers a private, lockable room with carpeted flooring. The space is suited to one or two people and is part of a shared-office setting.
Occupants have access to a common conference room, kitchenette, and restroom. The property is at 1319 Veterans Parkway #3-B102 in Bloomington, Illinois, and was built in 1989.
Occupants have access to a common conference room, kitchenette, and restroom. The property is at 1319 Veterans Parkway #3-B102 in Bloomington, Illinois, and was built in 1989.
Key Highlights
- 198‑square‑foot private office with a lockable door
- Shared conference room available for meetings
- Access to a common kitchenette and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,370
Suggested Prices Based on Cap Rates
Cap Rate 5%
$47,400
$47.4K
Cap Rate 7%
$33,857
$33.9K
Cap Rate 9%
$26,333
$26.3K
Market Conditions
NOI Build-Up for 198 SF
Gross rent
$4.2K $21.00/SF
− Vacancy
−$998 −$5.04/SF
EGI
$3.2K $15.96/SF
− OpEx
−$790 −$3.99/SF
NOI
$2.4K $11.97/SF
Area
McLean County, IL
Vacancy
24.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$47,400
Cap Rate 7%
$33,857
Cap Rate 9%
$26,333
Alternative Uses
Best Use
Office B
$33.9K
$29.6K – $39.5K
NOI $2,370 @ 7.0% cap · market cap 338.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$41.3K
$36.1K – $48.2K
NOI $2,889 @ 7.0% cap · market cap 412.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
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Business Placement
Demographics for 61704, IL
37,129
Population
16,529
Households
2.2
Avg Household Size
38
Median Age
58%
College-Educated
97%
High-School Grad
19.0 sq mi
ZIP Area
1,954
Density / Sq Mi
$93,107
Median Household Income
$59,072
Median Earnings
$1,094
Median Rent
$242,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Coworking space - A lockable office pairs private workspace with access to shared meeting and break areas.
Where is this coworking space located?
The property is located at 1319 Veterans Parkway # 3-b102 Bloomington, IL.
What are key features of this property?
This property features: 198‑square‑foot private office with a lockable door; Shared conference room available for meetings; Access to a common kitchenette and restroom
