Corner Property South of
For Sale
$325,000
807 S Main Street, Bloomington, IL 61701
Corner property with great exposure in Bloomington, Illinois.
Property Size1,946 SF
Price / SF$167.01
Days on Market318
Property Features for 807 S Main Street
General Information
Standard status
Active
Size
1,946 SF
Property subtype
Retail
Building Details
Building Size
1,946 SF
Listing Agency:
SVN | Core 3
Listed By:
Carrie Tinucci-Troll, CCIM · License #475166842
(331) 452-6860
Source:
Svn
Added: Nov 21, 2025
Changed: Sep 12
Last Checked: Oct 4 at 7:14AM
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.
Located just south of downtown Bloomington, the property at 807 S. Main Street is a corner lot with entrances to both North and South Main. The existing property, formerly a gas station and convenience store, includes a 1946 SF building and a smaller building previously used for a car wash. Zoned B-1, the property offers great exposure to northbound and southbound traffic. The surrounding area includes restaurants and businesses, with proximity to Illinois State University and Illinois Wesleyan University. The property is being sold with some restrictions in place.
Key Highlights
- Corner lot location on Main Street.
- High exposure to northbound and southbound traffic.
- Zoned B‑1, offering various business opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,985
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,700
$479.7K
Cap Rate 7%
$342,643
$342.6K
Cap Rate 9%
$266,500
$266.5K
Market Conditions
NOI Build-Up for 1,946 SF
Gross rent
$35.0K $18.00/SF
− Vacancy
−$3.0K −$1.57/SF
EGI
$32.0K $16.43/SF
− OpEx
−$8.0K −$4.11/SF
NOI
$24.0K $12.33/SF
Area
McLean County, IL
Vacancy
8.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,700
Cap Rate 7%
$342,643
Cap Rate 9%
$266,500
Alternative Uses
Best Use
Specialty Retail
$342.6K
$299.8K – $399.8K
NOI $23,985 @ 7.0% cap · market cap 7.38%
Second Best
Retail
$268.5K
$235.0K – $313.3K
NOI $18,798 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,396 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Huck's
Shops & Services
12,574 visits/mo
0.2 miles
Denny's
Dining
5,183 visits/mo
0.2 miles
AAMCO Transmissions
Shops & Services
271 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Corner property with great exposure in Bloomington, Illinois.
Where is this gas station located?
The property is located at 807 S Main Street Bloomington, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Corner lot location on Main Street.; High exposure to northbound and southbound traffic.; Zoned B‑1, offering various business opportunities.
