Office and Warehouse
2406 W Market Street Bloomington, IL 61705
2406 W Market Street, Bloomington, IL, 61705
$1,500,000
For Sale
$1,500,000
Climate-controlled office and warehouse with six private offices, three bathrooms, large coolers, and four overhead doors.
Property Size14,000 SF
Price / SF$107.14
Days on Market190
Property Features for 2406 W Market Street
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1995
Listing agency
BHHS Central Illinois, REALTORS
(309) 261-3724
Listed by
Edwin Neaves
(309) 261-3724
Source
Xome
Added: Jan 14 Updated: Jul 23 at 12:58AM Checked: Jul 23 at 3:59AM
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 BHHS Central Illinois, REALTORS
Investment Insights
Based on property information with market context.
This Class AAA office and warehouse facility includes a fully climate-controlled building with six private offices and three bathrooms. The setup also features large coolers, multiple truck delivery areas, and four overhead doors, supported by a spacious concrete drive and loading pad for logistics operations. An on-site front office area is designed with a steel structure, along with an exterior patio/deck.
The property is located in Central Illinois, positioned about 2 miles from the I-74 and I-55 interchange, providing access to regional markets including Chicago, Indianapolis, St. Louis, Rockford, Champaign-Urbana, Springfield, and Peoria. It is also described as being just a short distance from the headquarters and main assembly plant for Rivian Electric Motors.
Previously used as a distribution facility for Metagenics vitamins, supplements, and probiotics, the facility is offered for sale with the listed utility expenses: City of Bloomington Water, Nicor Gas, Ameren Electricity, and refuse/trash with the provided monthly or annual amounts.
The property is located in Central Illinois, positioned about 2 miles from the I-74 and I-55 interchange, providing access to regional markets including Chicago, Indianapolis, St. Louis, Rockford, Champaign-Urbana, Springfield, and Peoria. It is also described as being just a short distance from the headquarters and main assembly plant for Rivian Electric Motors.
Previously used as a distribution facility for Metagenics vitamins, supplements, and probiotics, the facility is offered for sale with the listed utility expenses: City of Bloomington Water, Nicor Gas, Ameren Electricity, and refuse/trash with the provided monthly or annual amounts.
Key Highlights
- 1995‑built, fully climate‑controlled office and warehouse with central air
- Includes six private offices and three bathrooms
- Large coolers plus multiple truck delivery areas with four overhead doors
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.2k | $10.44 |
| − Vacancy | −$8.0k | −$0.57 |
| EGI | $138.1k | $9.87 |
| − OpEx | −$20.7k | −$1.48 |
| NOI | $117.4k | $8.39 |
14,000 SF · lease $10.44/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,403 @ 7.0% cap · market cap 7.83%
Second Best
Industrial
$1.38M
$1.21M – $1.61M
NOI $96,685 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,288 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Metagenics Midwest
Physician
Total Home Health
Home Health Care Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Climate-controlled office and warehouse with six private offices, three bathrooms, large coolers, and four overhead doors.
Where is this flex space located?
The property is located at 2406 W Market Street Bloomington, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1995‑built, fully climate‑controlled office and warehouse with central air; Includes six private offices and three bathrooms; Large coolers plus multiple truck delivery areas with four overhead doors
