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    108 Monroe St Bloomington, IL 61701

    For Sale
    $275,000

    Historic 3-Story Office, Vacant, $275,000

    Property size:
    4,556 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This stunning three-story, 4,556 square foot office building, located at 108 W Monroe St in Bloomington, Illinois (61701), presents a unique investment opportunity. Built in 1900 and rebuilt after a fire, this Class B property boasts captivating curb appeal at the corner of W. Monroe and N. Center Streets. Currently vacant, it offers a flexible layout ideal for various uses. The first floor features a reception area, office space, and a large conference room. The second and third floors provide additional office space. A full, dry basement adds further utility. A notable historical feature is the original safe, integrated into the first-floor design. The property is zoned D1 and situated within the Bloomington Enterprise Zone. The asking price is $275,000, translating to $60.36 per square foot. This iconic building represents a chance to own a piece of Bloomington's history and revitalize a prime downtown location. The APN is 21-04-193-001.

    Property Features for 108 Monroe St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,556 SF
    Class
    B

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    3

    HighLights

    • Three‑story, 4,556 sq ft office building at 108 W Monroe St, Bloomington, IL (61701).
    • Class B property with excellent curb appeal, located on a corner lot.
    • Currently vacant, offering flexible layout suitable for various uses.
    • Features reception area, office space, large conference room, and full basement.
    • Includes original safe; zoned D1, located in Bloomington Enterprise Zone.
    • Asking price: $275,000 ($60.36/sq ft); APN: 21‑04‑193‑001.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -88.9944291
    Latitude
    40.4811284

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    FAQs

    What type of property is this?
    Office Property / Space - Historic 3-Story Office, Vacant, $275,000
    Where is this office property / space located?
    The property is located at 108 Monroe St Bloomington, IL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Three-story, 4,556 sq ft office building at 108 W Monroe St, Bloomington, IL (61701).; Class B property with excellent curb appeal, located on a corner lot.; Currently vacant, offering flexible layout suitable for various uses.
    Request Owner's contact information
    108 Monroe St Bloomington, IL 61701
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    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
    108 Monroe St Bloomington, IL 61701
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