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    207 Williamsburg Dr Bloomington, IL 61704

    Sponsored
    For Lease
    $12 SF/Yr ($8,540 /Mo)

    Freestanding Office, 8,540 sqft

    Lot size:
    8,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This single-story, 8,540-square-foot freestanding office building, built in 2000, is situated on 1.29 acres at 207 N Williamsburg Dr, Bloomington, IL 61704, near Eastland Drive. The property features 42 parking spaces and is zoned C1 (APN: 21-02-276-034). Previously occupied by the Social Security Administration, this well-maintained building offers significant potential for a variety of uses, including subdivision for multiple tenants. Its prime location in a professional office area, close to major employers like State Farm, Country Financial, Illinois State University, Rivian Automotive, and OSF Healthcare, provides excellent access to a strong workforce. The building benefits from its proximity to the main retail corridor and hospitals. Bloomington-Normal's thriving economy, diverse employment base, and strong college community (Illinois State University, Heartland Community College, and Illinois Wesleyan University) contribute to a desirable and growing market. The area boasts high rankings in livability and startup opportunities, making this property an attractive investment. Annual property taxes are $31,219.

    Property Features for 207 Williamsburg Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,540 SF
    Total Rate
    8540

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    8,540 SF
    Rate per SF
    $12
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.945396
    Latitude
    40.4822809

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    FAQs

    What type of property is this?
    Office Property / Space - Freestanding Office, 8,540 sqft
    Where is this office property / space located?
    The property is located at 207 Williamsburg Dr Bloomington, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    207 Williamsburg Dr 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
    207 Williamsburg Dr Bloomington, IL 61704
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