Property profile

1809 Eastland Dr Bloomington, IL 61704

OFF-MARKET
Other commercial real estate
Property ID
US28-5732548
11,360 SF 0.72 ac lot Built 1994
Entity Owned 10-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

A freestanding Monro Auto Service automotive service property located in Bloomington, Illinois, situated near the signalized intersection of State Highway 55 and Eastland Drive with access to State Highway 9 (direct access reported) and in proximity to the Central Illinois Regional Airport. The property comprises 10,676 square feet and is positioned near major employers and institutions, including Western University and Illinois State University, as well as OSF St. Joseph Medical Center (149 beds) and Carle BroMenn Medical Center (221 beds). The surrounding area includes retail and national/credit tenants such as Walmart, Target, Lowe’s, Hobby Lobby, Meijer, Kroger, Ross, TJ Maxx, HomeGoods, and Walgreens. The site is positioned within a broadly supported trade area featuring a reported 131,000+ residents and 103,000 daytime employees with average household income reported above $98,000. The property is configured for an automotive service use and has a tenant-operated history; its leasing structure is characterized as absolute NNN with limited landlord responsibilities, and the building is associated with an automotive service operator under an existing lease arrangement (with renewal options described in the original listing).

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1994
Construction FRAME
Total area 11,360 SF
Lot 0.72 ac (31,363 SF)
APN 21-02-277-002
UPID US28-5732548

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

1809 Eastland Dr Bloomington, IL 61704-3584
Bloomington metro Census 1103 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$901k
Blend (final) Blend
$365k

Owner & transaction history

since 2015
2 recorded transactions
2015
$1.4M
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1809 Eastland Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message