Two-Venue Restaurant
New
For Sale
$1,100,000
704 McGregor Street, Bloomington, IL 61701
Remodeled hospitality property includes a rear bar, restrooms, and exterior access for flexible operations.
Property Size8,595 SF
Price / SF$127.98
Days on Market3
Property Features for 704 McGregor Street
General Information
Standard status
Active
Size
8,595 SF
Total Parking Spaces
78
Property subtype
Retail
Building Details
Building Size
8,595 SF
Listing Agency:
SVN | Core 3
(309) 262-4535
Listed By:
Tom Dibble · License #475160875
Source:
Svn
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 7:44AM
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 SVN | Core 3
Investment Insights
Based on property information with market context.
This 8,595-square-foot restaurant property combines two hospitality venues within one remodeled building. The configuration supports separate dining, bar, event, live music, or private buyout concepts, with the rear portion offering its own bar, restrooms, and exterior entrance. That arrangement also allows the back area to operate independently from the primary venue.
The property includes 78 parking spaces and sits at 704 McGregor Street in Bloomington, Illinois, minutes from Veterans Parkway and downtown. Updated interiors, a character-building setting, and a layout designed around dining and event functions round out the offering.
The property includes 78 parking spaces and sits at 704 McGregor Street in Bloomington, Illinois, minutes from Veterans Parkway and downtown. Updated interiors, a character-building setting, and a layout designed around dining and event functions round out the offering.
Key Highlights
- 8,595 SF remodeled restaurant property with two venues under one roof
- Rear area includes its own bar, restrooms, and exterior entrance
- 78 parking spaces
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 14%
Home Improvements & Furnishings 9%
Bloomington #2
Shops & Services
10,099 visits/mo
0.4 miles
Iron Skillet
Dining
1,899 visits/mo
0.4 miles
Johnstone Supply
Home Improvements & Furnishings
674 visits/mo
0.5 miles
Diamond Vogel
Home Improvements & Furnishings
507 visits/mo
0.4 miles
Storage Express
Shops & Services
313 visits/mo
0.5 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Remodeled hospitality property includes a rear bar, restrooms, and exterior access for flexible operations.
Where is this conventional restaurant located?
The property is located at 704 McGregor Street Bloomington, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8,595 SF remodeled restaurant property with two venues under one roof; Rear area includes its own bar, restrooms, and exterior entrance; 78 parking spaces
