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    1015 Mercer Ave Bloomington, IL 61701

    Sponsored
    For Lease
    $15 SF/Yr

    Class A Medical Office Space Available

    Lot size:
    29,368 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical office building, totaling 29,368 square feet, is situated at 1015 S Mercer Ave, Bloomington, IL 61701, conveniently located off Veterans Parkway. The single-story building, constructed in 1980, features 101 parking spaces and boasts 5,240 square feet of immediately available space. Currently housing a variety of medical professionals including dermatology, plastic surgery, ophthalmology, pain management, and autism services, this property offers a strong existing tenant base. The building is strategically positioned across from Westminster Village Retirement Community and near the State Farm Corporate South Complex, ensuring high visibility and accessibility. It's also a short 1.7-mile drive to OSF St. Joseph Medical Center. The available space is 4,600 square feet and is priced at $8/SF base rent with an additional $7/SF for net charges and utilities. The landlord is willing to make basic updates to the space to suit a new tenant's needs. The property is zoned B1 and has an APN of 21-10-426-041 in McLean County. This presents a unique opportunity for medical practices seeking a well-established and highly visible location in a thriving medical corridor.

    Property Features for 1015 Mercer Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,368 SF
    Class
    A
    Total Rate
    36710

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    GF 5
    Size
    4,600 SF
    Rate per SF
    $15

    HighLights

    • 29,368 SF Class A medical office building in Bloomington, IL.
    • Single‑story building with 101 parking spaces, built in 1980.
    • 5,240 SF of immediately available space.
    • Strong existing medical tenant base.
    • High visibility location near Westminster Village and State Farm.
    • 1.7 miles from OSF St. Joseph Medical Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Total Spectrum Bloomington ... Child Health Care Centre Applied Pain Institute ... Pain Management Physician Central Ill Neuroheath Surgical Center Charles Lee Rosen ... Neurosurgeon Gu Jiong MD Doctor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -88.9636027
    Latitude
    40.4645878

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    FAQs

    What type of property is this?
    Medical office - Class A Medical Office Space Available
    Where is this medical office located?
    The property is located at 1015 Mercer Ave Bloomington, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 29,368 SF Class A medical office building in Bloomington, IL.; Single-story building with 101 parking spaces, built in 1980.; 5,240 SF of immediately available space.
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    1015 Mercer Ave Bloomington, IL 61701
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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
    1015 Mercer Ave Bloomington, IL 61701
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