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    305 Main St Bloomington, IL 61701

    Sponsored
    For Lease
    $19 SF/Yr ($15,067 /Mo)

    Prime Retail Space, Downtown Bloomington, IL

    Lot size:
    9,155 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 305 N Main St, Bloomington, IL 61701, offers 2,850 square feet of immediately available space in a vibrant downtown location. The single-story building, constructed in 1939 and extensively renovated in 2022, boasts a total of 9,155 square feet across three suites. The available space is part of a multi-tenant building and is served by one elevator. Utilities are provided by Ameren Illinois. The property is zoned D-1 Central Business District, offering flexibility for a variety of retail uses. Property taxes are $0.98 per square foot. The building is conveniently located on N Main St, with cross-street access via Jeffersons. Bloomington offers a strong economy with a median household income of $73,119 and a low unemployment rate of 4.2% (August 2024). The city's population is approximately 78,800, with a significant portion holding bachelor's degrees or higher, fueled by the presence of Illinois Wesleyan University and Illinois State University. This location benefits from a lower cost of living than the national average, particularly in housing. The property presents a unique opportunity to establish a business in a thriving downtown area with a rich history and a modern, renovated space. The minimum divisible space is 2,850 square feet, and the maximum contiguous space available is also 2,850 square feet.

    Property Features for 305 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,155 SF
    Total Rate
    15067.6

    Building Details

    Year Built/Renovated
    1939/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    305
    Size
    2,850 SF
    Rate per SF
    $19

    HighLights

    • High pedestrian traffic in a prime downtown Bloomington location.
    • Fully renovated building offering move‑in ready space.
    • Strong tenant base including Red Raccoon Games and the United States Postal Service (USPS) commencing 2025.
    • Excellent proximity to offices and residential areas.
    • Thriving downtown district ideal for retail, food & beverage, and complementary service businesses seeking high visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Mclean
    State
    Illinois
    Longitude
    -88.993677589273
    Latitude
    40.480534742438

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Downtown Bloomington, IL
    Where is this retail property located?
    The property is located at 305 Main St Bloomington, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: High pedestrian traffic in a prime downtown Bloomington location.; Fully renovated building offering move-in ready space.; Strong tenant base including Red Raccoon Games and the United States Postal Service (USPS) commencing 2025.
    Request Owner's contact information
    305 Main 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
    305 Main St Bloomington, IL 61701
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