2206 E Cottage Ave, Bloomington, IL 61701
Office property with 5926 square feet available for sale.
- Added:
- Nov 1, 2024
- Days on Market:
- 613
- Last Refresh:
- May 12 at 8:25 pm
Property Features for 2206 E Cottage Ave
General Information
- Standard status
- Active
- Size
- 5,926 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing office Axis 360 Commercial Real Estate Specialists (309) 662-9333
Listing date Nov 1, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Axis 360 Commercial Real Estate Specialists
HighLights
- Built in 2006 (relatively modern construction).
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.4k | $21.00 |
| − Vacancy | −$29.9k | −$5.04 |
| EGI | $94.6k | $15.96 |
| − OpEx | −$23.6k | −$3.99 |
| NOI | $70.9k | $11.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- McLean
- State
- Illinois
- Longitude
- -89.0123371
- Latitude
- 40.5008456
