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Downtown Bloomington Retail Opportunity

305 N Main St Bloomington, IL 61701

305 N Main St, Bloomington, IL, 61701
Contact for pricing
For Lease
Contact for pricing

Retail space in a vibrant, historic downtown area.

Days on Market1285

Property Features for 305 N Main St

General Information

Standard status
Active
Property subtype
Retail, Office, Restaurant

Building Details

Year Built
1939

Spaces For Lease

at 305 N Main St Contact us
Listing agency Road Runner Consulting
Listed by Michael McFarland · License #IL 471.018307
Source Crexi
Added: Jan 13, 2023 Updated: Jul 10 at 11:20AM Checked: Jul 21 at 3:01AM

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 Road Runner Consulting


Investment Insights

Based on property information with market context.

Located in downtown Bloomington, this retail space offers an opportunity to be part of a vibrant mix of shops, restaurants, and entertainment venues, all within a setting of historic architecture. The area has a population of approximately 78,800 as of 2022, with a median age of 35.9 years. The racial makeup is predominantly White (Non-Hispanic) at 72.7%, followed by Black or African American (Non-Hispanic) at 9.3%, and Asian (Non-Hispanic) at 8.1%. The foreign-born population accounts for 10.1% of residents, and 93.8% are US citizens. Economically, the median household income is $73,119 as of 2022, with a poverty rate of 12.9% and an unemployment rate of 4.2% as of August 2024. Education is a significant factor, with 38.1% of residents holding a bachelor's degree or higher. Bloomington is part of the Bloomington-Normal metropolitan area, with a total population of roughly 171,000. The cost of living is generally lower than the national average, especially in housing. Major industries in the area include education, healthcare, manufacturing, and government. The median home value is $165,500, and the homeownership rate is 64.1%. Bloomington-Normal is a significant college town, influencing the local economy and demographics as home to Illinois Wesleyan University and Illinois State University.

Key Highlights

  • Lower than national average cost of living, especially in housing.
  • Median home value of $165,500.
  • Located in downtown Bloomington, offering unique shops, restaurants, and entertainment.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Dental Office Restaurant Big Box & Wholesale Store Pharmacy Gym & Fitness Center Hotel & Motel Cafe & Coffee Shop Grocery & Convenience Store Wine and Liquor Store

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

FAQs

What type of property is this?
Retail space - Retail space in a vibrant, historic downtown area.
Where is this retail space located?
The property is located at 305 N Main St Bloomington, IL.
What is the lease rate?
The lease rate is $19.75 SF/Yr.
What are key features of this property?
This property features: Lower than national average cost of living, especially in housing.; **Median home value of $165,500.**; Located in downtown Bloomington, offering unique shops, restaurants, and entertainment.
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