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Versatile Office Property with Storage

803 E LAFAYETTE ST Bloomington, IL 61701

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Functional office building with training areas and secured outdoor storage.

Type:Office, Industrial
Property size:
13,580 SF
Lot size:
1.80 Acres
Price / SF:
$88/SF
Added:
May 14, 2026
Days on Market:
59
Last Refresh:
Jul 4 at 12:25 pm

Property Features for 803 E LAFAYETTE ST

General Information

Standard status
Active
Size
13,580 SF
Lot size
1.80 Acres
Property subtype
Office, Industrial

Building Details

Year Built
1972

Listing office Axis 360 Commercial Real Estate Specialists

Listing date May 14, 2026

Source Crexi

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 professional office property offers a combination of executive office space, workforce training areas, operational flexibility, and secured outdoor storage. Situated on a 1.8-acre fenced lot, the property features a thoughtfully designed first floor with two distinct wings, allowing for owner occupancy, multi-department operations, or multi-tenant income potential. The first floor includes an impressive foyer entry with elevator access, an executive conference room, and a private office suite configuration on the east side. The west side is configured with approximately 20 cubicle workstations, separate restroom facilities, and a break room and kitchenette area. The layout is flexible for single-user occupancy, separate tenant suites, or departmental separation. The east side lower level features a large training and meeting room, divisible space for multiple classrooms or collaborative work areas, men’s and women’s restrooms, a small kitchenette area, and ample storage space. It is ideal for safety training, workforce development, team meetings, and continuing education programs. The west side lower level is a previously finished office area ready for renovation and customization, offering an opportunity for expansion, additional tenant space, or operational storage. Exterior and site amenities include a fully fenced property for added security, a separate garage/outbuilding structure, and ample parking and outdoor storage capability. The property is suitable for contractors requiring fleet, equipment, or material storage. The property size is 13580 square feet.

Key Highlights

  • Spacious 1.8‑acre fenced lot with secured outdoor storage.
  • Versatile property suitable for owner occupancy, multi‑tenant income, or departmental separation.
  • Executive office space, conference room, and cubicle workstations on the first floor.

Local Financial Insights For Industrial

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 $141.8k $10.44
− Vacancy −$7.8k −$0.57
EGI $134.0k $9.87
− OpEx −$40.2k −$2.96
NOI $93.8k $6.91
13,580 SF · lease $10.44/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Office B
$2.32M
$2.03M – $2.71M (±1% cap)
NOI $162,553 @ 7.0% cap · market cap 13.55%
Second Best
Industrial
$1.34M
$1.17M – $1.56M (±1% cap)
NOI $93,784 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M (±1% cap)
NOI $198,159 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

FELMLEY DICKERSON Co. General Contractor

Suggested Use

Dental Office Law Firm Skin Care Clinic Parking Lot & Garage Cafe & Coffee Shop Accounting Firm (Bike/Boat/Book/etc) Store Barber Shop Bakery Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Functional office building with training areas and secured outdoor storage.
Where is this office building located?
The property is located at 803 E LAFAYETTE ST Bloomington, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Spacious 1.8‑acre fenced lot with secured outdoor storage.; Versatile property suitable for owner occupancy, multi‑tenant income, or departmental separation.; Executive office space, conference room, and cubicle workstations on the first floor.
Contact an agent
(309) 664-3617 Call to check price and availability
More about this property
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