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    240 Greenwood Ave Bloomington, IL 61704

    Sponsored
    For Sale
    $920,000

    Prime 2.18-acre corner lot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 2.18-acre commercial lot, located at 240 Greenwood in Bloomington, Illinois (APN 21-17-326-014), presents a unique investment opportunity. Zoned B-1 Commercial, this property boasts unparalleled visibility and accessibility, situated on a signalized intersection with streets on three sides. The high traffic count of over 20,000 vehicles daily ensures maximum exposure for any development. Convenient ingress and egress are provided via Hamilton and Greenwood streets. All utilities are available. The property is being sold "AS IS," and the seller is motivated. This is the last available corner lot at this highly visible intersection. Adding to its appeal, new church construction is underway directly across the intersection, further enhancing the area's development and attracting increased foot traffic. This prime location offers significant potential for a variety of commercial ventures. Don't miss this chance to acquire a highly desirable commercial property in a thriving area.

    Property Features for 240 Greenwood Ave

    General Information

    Property type
    Land
    Lot Size
    94,961 SF

    HighLights

    • High visibility with three‑street frontage.
    • Located at a signalized intersection.
    • High traffic count exceeding 20,000 vehicles daily.
    • Convenient access via Hamilton and Greenwood streets.
    • All utilities readily available.
    • Benefiting from recent area development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Hair Salon Building Supply Clothing Store Auto Repair Shop Wholesale Shop Accounting Firm Hotel & Motel Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -89.013199
    Latitude
    40.450087

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    FAQs

    What type of property is this?
    Land - Prime 2.18-acre corner lot, high traffic.
    Where is this land located?
    The property is located at 240 Greenwood Ave Bloomington, IL.
    What is the asking price?
    The asking price for this property is $920,000.
    What are key features of this property?
    This property features: High visibility with three-street frontage.; Located at a signalized intersection.; High traffic count exceeding 20,000 vehicles daily.
    (309) 662-2124
    Request Owner's contact information
    240 Greenwood Ave Bloomington, IL 61704
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    Bloomington, IL 61704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 Greenwood Ave Bloomington, IL 61704
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