Historic Mixed-Use Building in
For Sale
Contact for pricing
317-319 N main street bloom, Bloomington, IL 61701
Historic mixed-use building in Downtown Bloomington, Illinois, primed for redevelopment.
Property Size19,008 SF
Price / SF$24.20
Days on Market199
Property Features for 317-319 N main street bloom
General Information
Standard status
Active
Size
19,008 SF
Property subtype
Mixed Use, Multifamily, Office, Retail
Zoning
D1
Building Details
Year Built
1901
Listing Agency:
Axis 360 Commercial Real Estate Specialists
(309) 664-3617
Listed By:
Meghan O'Neal-Rogozinski, CCIM · License #Bloomington IL 475159841
Source:
Crexi
Added: Feb 2
Changed: Aug 17
Last Checked: Aug 18 at 10:19PM
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 Axis 360 Commercial Real Estate Specialists
Investment Insights
Based on property information with market context.
This historic mixed-use building is located in the heart of Downtown Bloomington, Illinois. The property features two separate first-floor commercial suites, each offering 2,376 sq.ft. of space with independent frontage. The upper floors have been opened into larger single-floor plates and are vacant, presenting an opportunity for redevelopment into office, creative, or loft-style residential spaces, subject to buyer verification of approvals. A rear egress supports a mixed-use strategy. The basement provides storage and houses mechanical systems. Interior features include stamped tin ceilings ready for restoration and a decommissioned elevator shaft that may offer vertical-circulation potential, pending buyer evaluation. Constructed in 1901 following a fire, the building was designed by Arthur Pillsbury. Past tenants included Payless Drugs (1940), Illinois Power (1935) which upgraded the power to 1600 amp electrical service, Post Amerikan, and Park-Stoutamoyer & Associates. The property is located blocks from the McLean County Museum of History on the Courthouse Square and within walking distance of the McLean County Courthouse and Square and the Bloomington Central Business District, both National Register anchors. The City established the Downtown TIF District (July 22, 2024) to support redevelopment and advance the Downtown for Everyone streetscape initiative, which is currently underway. The property size is 19,008 sq.ft.
Key Highlights
- Prime Downtown Bloomington location with high redevelopment potential.
- Two separate first‑floor commercial suites with independent frontage.
- Upper floors primed for redevelopment (office/creative/loft‑style residential).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,631
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic mixed-use building in Downtown Bloomington, Illinois, primed for redevelopment.
Where is this mixed-use property located?
The property is located at 317-319 N main street bloom Bloomington, IL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Prime Downtown Bloomington location with high redevelopment potential.; Two separate first‑floor commercial suites with independent frontage.; Upper floors primed for redevelopment (office/creative/loft‑style residential).
