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    2206 Cottage Ave Bloomington, IL 61701

    Sponsored
    For Lease
    Contact for pricing

    Modern medical office, ample space available.

    Lot size:
    5,926 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,926 square foot medical office building, situated on a 1.74-acre lot in McLean County, presents a unique investment opportunity. Built in 2006 and zoned B-1, the property features two distinct suites. Suite B, a substantial 4,000 square foot space, is currently occupied under a recently signed ten-year lease with renewal options, offering immediate and long-term income potential. A virtual tour is available online. Suite A, encompassing the remaining square footage, is available for lease to a user/owner, allowing for complete customization to meet specific needs and preferences. The property's APN is 14-32-128-025. This versatile property is ideal for medical professionals seeking established space or those looking to build their practice in a prime location. The multiple tenancy structure provides flexibility and potential for diverse income streams. The building offers a blend of immediate income generation and future development potential, making it an attractive proposition for discerning investors and medical practitioners alike. The property's location and zoning provide excellent accessibility and visibility. Don't miss this chance to acquire a well-situated and income-producing medical office building.

    Property Features for 2206 Cottage Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,926 SF

    Building Details

    Year Built
    2006

    Unit(s) available at that property

    Space
    Suite A
    Size
    1 SF
    Space
    Suite B
    Size
    4,000 SF

    HighLights

    • 5,926 SF medical office building on 1.74 acres in McLean County.
    • 4,000 SF of vacant space available for lease.
    • Multiple tenancy building.
    • Suite B: 4,000 SF, recently leased for 10 years with renewal options.
    • Suite A: Available for build‑to‑suit.
    • Built in 2006, B‑1 zoning, APN 14‑32‑128‑025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cottage Dental Care Dentist Dennis Krug Dentist

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -89.0123475
    Latitude
    40.5008574

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    FAQs

    What type of property is this?
    Medical office - Modern medical office, ample space available.
    Where is this medical office located?
    The property is located at 2206 Cottage Ave Bloomington, IL.
    What are key features of this property?
    This property features: 5,926 SF medical office building on 1.74 acres in McLean County.; 4,000 SF of vacant space available for lease.; Multiple tenancy building.
    Request Owner's contact information
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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
    2206 Cottage Ave Bloomington, IL 61701
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