205 Williamsburg DrBloomington, IL 61704

For Sale
$1,150,000

Fully Leased, Multi-Tenant Office Building

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully leased, 11,311 square foot Class B office building located at 205 N Williamsburg Dr, Bloomington, IL 61704. The property, built in 1998 and renovated in 2024, features five individual units with a diverse mix of long-term tenants, resulting in 100% occupancy. The building sits on a 0.94-acre lot zoned C1, offering significant potential for future appreciation. The property boasts a strong financial profile, with a current NOI of $87,746 and a 7.63% cap rate. The asking price is $1,150,000, translating to $101.67 per square foot. This single-story building is conveniently located just one block east of Veterans Parkway in a thriving commercial district, providing excellent visibility and accessibility. The property's strong tenant base and consistent cash flow make it an ideal addition to any investor's portfolio. The property's APN is 21-02-276-044. This is a modified lease multi-tenant property offering immediate cash flow and long-term stability.

Highlights

  • Fully leased, 11,311 SF Class B office building in Bloomington, IL.
  • 100% occupancy with a diverse mix of long-term tenants.
  • Strong financial profile: $87,746 NOI, 7.63% cap rate, $1,150,000 asking price ($101.67/SF).
  • 0.94-acre lot zoned C1, located one block east of Veterans Parkway.
  • Renovated in 2024.

Property Details for 205 Williamsburg Dr

Property type
Other office properties, Office properties
Square Feet
11,311 SF
Class
B
Year Built/Renovated
1998/2024
Stories
1
Lot Size (sq. ft)
40,946 SF
Units
5

Location Insight

City
Bloomington
County
McLean
State
Illinois
Latitude
40.482020615764
Longitude
-88.946278988219
205 Williamsburg Dr, Bloomington, Illinois

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205 Williamsburg Dr
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