Retail Suite in Anchored
For Sale
Contact for pricing
2303 E Washington Street # 5a, Bloomington, IL 61704
Utilities are included in this suite at Washington Center, a center anchored by Jimmy John's.
Property Size740 SF
Price / SF$1.62
Days on Market18
Property Features for 2303 E Washington Street # 5a
General Information
Standard status
Active
Size
740 SF
Property subtype
Retail/Stores
Zoning
COMMR
Amenities
City Street
Concrete Perimeter
Building Details
Year Built
1973
Stories
1
Listing Agency:
(309) 808-2125
Listed By:
Amy Miller
Source:
Core3re
Added: Oct 16
Changed: Oct 31
Last Checked: Oct 31 at 4:38AM
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 Amy Miller
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 740-square-foot retail suite is in Washington Center, a retail center anchored by Jimmy John's. The building dates to 1973, and utilities are included with the suite.
Access to the center is available from the intersection of Veterans Parkway and Washington. The property is across from State Farm World Headquarters and OSF St. Joseph Medical Center.
Access to the center is available from the intersection of Veterans Parkway and Washington. The property is across from State Farm World Headquarters and OSF St. Joseph Medical Center.
Key Highlights
- 740‑square‑foot retail suite
- Located in Washington Center, anchored by Jimmy John's
- Access from the intersection of Veterans Parkway and Washington
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,148
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,960
$143.0K
Cap Rate 7%
$102,114
$102.1K
Cap Rate 9%
$79,422
$79.4K
Market Conditions
NOI Build-Up for 740 SF
Gross rent
$11.1K $15.00/SF
− Vacancy
−$888 −$1.20/SF
EGI
$10.2K $13.80/SF
− OpEx
−$3.1K −$4.14/SF
NOI
$7.1K $9.66/SF
Area
McLean County, IL
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,960
Cap Rate 7%
$102,114
Cap Rate 9%
$79,422
Alternative Uses
Best Use
Retail
$102.1K
$89.4K – $119.1K
NOI $7,148 @ 7.0% cap · market cap 595.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$154.3K
$135.0K – $180.0K
NOI $10,798 @ 7.0% cap · market cap 899.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,198
Businesses Nearby
353k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Apparel 21%
Shops & Services 11%
Home Improvements & Furnishings 11%
Kohl's
Apparel
66,675 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
34,456 visits/mo
0.5 miles
Texas Roadhouse
Dining
32,628 visits/mo
0.4 miles
Olive Garden
Dining
26,689 visits/mo
0.4 miles
Fresh Thyme Market
Groceries
16,964 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Utilities are included in this suite at Washington Center, a center anchored by Jimmy John's.
Where is this retail space located?
The property is located at 2303 E Washington Street # 5a Bloomington, IL.
What are key features of this property?
This property features: 740‑square‑foot retail suite; Located in Washington Center, anchored by Jimmy John's; Access from the intersection of Veterans Parkway and Washington
