Industrial
For Sale
Contact for pricing
1803 W WASHINGTON ST, Bloomington, IL 61701
Industrial property with M-2 zoning in Bloomington.
Property Size7,080 SF
Price / SF$91.81
Days on Market62
Property Features for 1803 W WASHINGTON ST
General Information
Standard status
Active
Size
7,080 SF
Class
D
Total Parking Spaces
100
Property subtype
Industrial
Zoning
M-2
Lease Type
Modified Gross
Building Details
Buildings
1
Units
1
Listing Agency:
Douglas R. Gerig Commercial Property Services
Listed By:
Douglas Gerig · License #IL 471-006836
Source:
Crexi
Added: Aug 5
Changed: Oct 3
Last Checked: Oct 4 at 8:54AM
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 Douglas R. Gerig Commercial Property Services
Investment Insights
Based on property information with market context.
This industrial warehouse property contains 7080 square feet and carries M-2 zoning. The property is located at 1803 W Washington St in Bloomington, Illinois.
Key Highlights
- 7080‑square‑foot industrial warehouse
- M‑2 zoning
- Located at 1803 W Washington St, Bloomington, IL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,372
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,440
$1.2M
Cap Rate 7%
$848,171
$848.2K
Cap Rate 9%
$659,689
$659.7K
Market Conditions
NOI Build-Up for 7,080 SF
Gross rent
$73.9K $10.44/SF
− Vacancy
−$4.1K −$0.57/SF
EGI
$69.8K $9.87/SF
− OpEx
−$10.5K −$1.48/SF
NOI
$59.4K $8.39/SF
Area
McLean County, IL
Vacancy
5.50%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,440
Cap Rate 7%
$848,171
Cap Rate 9%
$659,689
Alternative Uses
Best Use
Warehouse
$848.2K
$742.2K – $989.5K
NOI $59,372 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,311 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Store More - Kappa — 1701 W Washington St #3701, Bloomington, IL 61701
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property with M-2 zoning in Bloomington.
Where is this warehouse located?
The property is located at 1803 W WASHINGTON ST Bloomington, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 7080‑square‑foot industrial warehouse; M‑2 zoning; Located at 1803 W Washington St, Bloomington, IL
