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    2206 Cottage Ave Bloomington, IL 61701

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    For Sale
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    Prime Medical Office, Two Suites, 5,926 SF

    Property size:
    5,926 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story medical office building, located at 2206 E Cottage Ave in Bloomington, Illinois (61701), presents a unique owner-user opportunity. The property, built in 2006, sits on a 1.74-acre lot and boasts a total of 5,926 square feet, with 4,000 square feet currently leased. The building is zoned B-1 and features two distinct suites. Suite B, encompassing approximately 4,000 square feet, is currently occupied under a recently signed ten-year lease with renewal options. A virtual tour is available online. Suite A, offering approximately 1,926 square feet, is available for immediate occupancy and can be finished to suit the needs of a new owner-user. This property offers a blend of immediate income generation and the potential for customized expansion, making it an ideal investment for medical professionals or investors seeking a strong return. The property's APN is 14-32-128-025. This is a rare opportunity to acquire a well-located, established medical office building in McLean County, Illinois. The property is ready for immediate income and future growth. Don't miss this chance to own a piece of Bloomington's thriving medical community.

    Property Features for 2206 Cottage Ave

    General Information

    Property type
    Medical offices
    Square Feet
    5,926 SF
    Lot Size
    75,794 SF

    Building Details

    Year Built
    2006
    Stories
    2
    Units
    2

    HighLights

    • Suite B: 4,000 SF medical office space with a new 10‑year lease including renewal options.
    • Approximately 4,000 square feet of leased space.
    • Recently signed 10‑year lease with renewal options for Suite B.
    • Virtual tour available at https://cottagedentalcare.com/virtual‑tour/.
    • Suite A: 1,926 SF available for owner‑user build‑out.
    • New 10‑year lease signed for approximately 4,000 SF in Suite B.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cottage Dental Care Dentist Dennis Krug Dentist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -89.0123475
    Latitude
    40.5008574

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, Two Suites, 5,926 SF
    Where is this medical office located?
    The property is located at 2206 Cottage Ave Bloomington, IL.
    What are key features of this property?
    This property features: Suite B: 4,000 SF medical office space with a new 10-year lease including renewal options.; Approximately 4,000 square feet of leased space.; Recently signed 10-year lease with renewal options for Suite B.
    Request Owner's contact information
    2206 Cottage 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
    2206 Cottage Ave Bloomington, IL 61701
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