Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2302 Oakland Ave Bloomington, IL 61701

    Sponsored
    For Lease
    $10 SF/Yr

    Prime location, below market rent, two suites available.

    Lot size:
    1,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This single-story, 1950-built Medical Arts Building, located at 2302 E. Oakland Avenue in Bloomington, IL (61701), offers a unique opportunity. The 38-space parking lot serves a building with multiple tenants, and two office suites are currently available. Situated in a high-traffic area near State Farm's corporate offices, this Creative Office space benefits from proximity to numerous retail establishments including Jewel, Kroger, Dunkin' Donuts, and Subway. The B2 zoning allows for a variety of uses. The property's McLean County location (APN 21-02-359-006) places it within a thriving economic environment. Bloomington-Normal boasts a diverse economy anchored by major employers such as State Farm, Country Financial, Illinois State University, Rivian Automotive, and OSF Healthcare. The area's strong agricultural sector and excellent transportation infrastructure (including rail and air access) further enhance its appeal. The presence of three major universities (Illinois State University, Heartland Community College, and Illinois Wesleyan University) contributes to a vibrant and growing community. Bloomington's recognition as a desirable place to live, highlighted by its high rankings in various "best of" lists, underscores the property's investment potential. Affordable, below-market rents are available, with utilities included in one unit. This presents an excellent opportunity for businesses seeking a well-located, functional office space in a dynamic and growing market.

    Property Features for 2302 Oakland Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,640 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 4
    Size
    1,640 SF
    Rate per SF
    $10

    HighLights

    • 1950‑built, single‑story medical arts building at 2302 E. Oakland Ave, Bloomington, IL (61701).
    • 38‑space parking lot serving multiple tenants, with two office suites currently available.
    • High‑traffic location near State Farm, with nearby retail amenities.
    • B2 zoning allows for diverse uses.
    • Located in McLean County (APN 21‑02‑359‑006), benefiting from a strong local economy anchored by major employers.
    • Below‑market rents available, with utilities included in one unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Law Office Of Damon ... Personal Injury Attorney Relational Balance Marriage Or Relationship Counselor Reflections Therapy Center Mental Health Service Addus HomeCare Home Health Care Service V G Alteration Clothing Alteration Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9592651
    Latitude
    40.474094

    Nearby Similar for Lease

    • Contact for pricing

      Office Space in Central Location

      Office space for rent in Bloomington, Illinois.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • Contact for pricing

      Office Space in Central Location

      Office space for rent in Bloomington, Illinois.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • Contact for pricing

      Bloomington Office Space For Rent

      Office space available in a central Bloomington location.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • Contact for pricing

      Office Space in Central Location

      Office space for rent in a central Bloomington location.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • Contact for pricing

      Office Space in Central Location

      Office space for rent in Bloomington, Illinois.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • Contact for pricing

      Office Space in Central Location

      Office space for rent in a central Bloomington location.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • Contact for pricing

      Heated Warehouse with Office Space

      Versatile commercial space with heated warehouse and office near Bloomington.
      14658 E 925 Rd N, Bloomington, IL 61705
      View Details
    • Contact for pricing

      Retail Suite in Washington Center

      Retail suite available in high-traffic Bloomington location.
      2303 E Washington St, Bloomington, IL 61704
      View Details
    • Contact for pricing

      Professional Office Space Available

      Configured space suitable for healthcare, executive, or administrative use.
      1319 N Veterans Pkwy, Bloomington, IL 61704
      View Details
    • $7 SF/Yr
      389,000 SF

      Industrial Flex Warehouse Spaces Available

      Industrial flex spaces for lease with dock and overhead door access.
      1201 E Bell St, Bloomington, IL 61701
      View Details
    • Contact for pricing

      Bloomington Office Suite For Rent

      Well-located office suite ideal for professional services or healthcare.
      1319 N Veterans Pkwy, Bloomington, IL 61704
      View Details
    • Contact for pricing

      Private Office in Collaborative Space

      Single-room office with shared amenities for freelancers and startups.
      1319 Veterans Pkwy, Bloomington, IL 61704
      View Details

    FAQs

    What type of property is this?
    Office space - Prime location, below market rent, two suites available.
    Where is this office space located?
    The property is located at 2302 Oakland Ave Bloomington, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 1950-built, single-story medical arts building at 2302 E. Oakland Ave, Bloomington, IL (61701).; 38-space parking lot serving multiple tenants, with two office suites currently available.; High-traffic location near State Farm, with nearby retail amenities.
    Request Owner's contact information
    2302 Oakland Ave Bloomington, IL 61701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2302 Oakland Ave
    Bloomington, IL 61701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2302 Oakland Ave Bloomington, IL 61701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.