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    1605 General Electric Rd Bloomington, IL 61704

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    For Sale
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    26 Acres, M-1 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 26.12-acre development opportunity is ideally situated in Bloomington, Illinois, on General Electric Road. The property comprises three parcels: a significant 21.16-acre tract and two smaller parcels of 1.82 and 3.15 acres, respectively. Boasting approximately 800 feet of frontage on General Electric Road, the larger parcel offers a depth of roughly 1200 feet, while the smaller parcels have a depth of approximately 990 feet. The land is zoned M-1, Restricted Manufacturing District, presenting versatile development potential. Its location offers convenient access to Veterans Parkway/Business I-55/Historic Route 66, placing it within easy reach of major transportation arteries and a thriving commercial corridor featuring numerous retailers, office spaces, and corporate headquarters, including two shopping malls. The Central Illinois Regional Airport (CIRA) is less than 2.5 miles away. The property's history includes a single residential structure, previously used by a General Electric plant supervisor. The seller is open to subdividing the parcels for qualified buyers. This prime location, combined with its size and zoning, makes this an exceptional investment opportunity in a rapidly growing area, strategically positioned between Chicago, St. Louis, and Indianapolis. The APN numbers are 14-35-226-007, -008, and -002.

    Property Features for 1605 General Electric Rd

    General Information

    Property type
    Land
    Lot Size
    1,137,787 SF

    HighLights

    • 26.12‑acre development land parcel for sale in Bloomington, IL.
    • Located at 1605 General Electric Rd, Bloomington, IL 61704.
    • Zoned M‑1, Restricted Manufacturing District.
    • APN: 14‑35‑226‑007, -008, -002.
    • Approximately 800 feet of frontage on General Electric Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quick-Brite Cleaning Service Barr Painting Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -88.9440426
    Latitude
    40.5019065

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    FAQs

    What type of property is this?
    Land - 26 Acres, M-1 Zoning, Prime Location
    Where is this land located?
    The property is located at 1605 General Electric Rd Bloomington, IL.
    What are key features of this property?
    This property features: 26.12-acre development land parcel for sale in Bloomington, IL.; Located at 1605 General Electric Rd, Bloomington, IL 61704.; Zoned M-1, Restricted Manufacturing District.
    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
    1605 General Electric Rd Bloomington, IL 61704
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