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Flexible Retail and Studio Building
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405 W WASHINGTON ST, Bloomington, IL 61701

Heated and air-conditioned interior with showroom, offices, production space, and a new roof offers flexible commercial use.

Property Size5,760 SF
Price / SF$47.74
Days on Market50

Property Features for 405 W WASHINGTON ST

General Information

Standard status Active
Size 5,760 SF
Property subtype Mixed Use
Zoning D2

Building Details

Buildings 1
Stories 1
Units 1
Listing Agency: Axis 360 Commercial Real Estate Specialists
Listed By: Meghan O'Neal-Rogozinski, CCIM · License #Bloomington IL 475159841
Source: Crexi
Added: Jul 2 Changed: Aug 16 Last Checked: Aug 19 at 9:25PM

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.

405 W. Washington Street is a flexible commercial building suited for a small retail user, boutique shop, creative studio, service business, or professional office concept. The interior layout includes a small front showroom or checkout area, three private offices, open work/production space, and one functional restroom. The building is fully heated and air-conditioned, with drop ceilings and terrazzo flooring in the warehouse/work area. Power is abundant for on-site work, and the property includes two rooftop HVAC units. A new roof was installed in November 2025.

The property is located just west of Bloomington’s Downtown corridor at 405 W. Washington Street. It sits directly across from the Regional Alternative School and the former Pantagraph building, which is undergoing a major $26 million renovation expected to bring multiple community-focused services to the area. The building is also about one block from Grossinger Motors Arena, placing it near a mix of civic, office, residential, and entertainment activity.

With its combination of front-facing space and interior work/production areas, this building can support an owner-user looking for a functional, adaptable setup. The presence of multiple private offices and an open production/work area may also fit businesses that need both customer-facing and back-of-house space, supported by reliable climate control and significant power.

Key Highlights

  • New roof installed November 2025
  • Fully heated and air‑conditioned interior space
  • Layout includes small front showroom/checkout area, three private offices, and open work/production space

Property Analytics

Current Use

Ring of Fire Hot ... Art Gallery

Suggested Use

Top Pick Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Florist Wine and Liquor Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,574
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Redbird Catering 1003 S Morris Ave, Bloomington, IL 61701
  • Nelson's Catering Bloomington, IL 61701
  • Custom Catering Inc. 506 W Taylor St, Bloomington, IL 61701

Frequently Asked Questions

What type of property is this?
Flex space - Heated and air-conditioned interior with showroom, offices, production space, and a new roof offers flexible commercial use.
Where is this flex space located?
The property is located at 405 W WASHINGTON ST Bloomington, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: New roof installed November 2025; Fully heated and air‑conditioned interior space; Layout includes small front showroom/checkout area, three private offices, and open work/production space
(309) 664-3617 Call to check price and availability
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