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    2303 Washington St Bloomington, IL 61704

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Retail Space Available in Bloomington, IL

    Lot size:
    12,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,540 square foot retail property, located at 2303 E Washington St, Bloomington, IL 61704, presents a compelling investment opportunity. The single-story, Class B building, constructed in 1973, features nine suites and boasts 75 total parking spaces. Currently, 740 square feet are available for lease. Situated on a 1.41-acre lot, the property benefits from a high-traffic location at the intersection of Veterans Parkway and Washington Street, with Veterans Parkway experiencing 38,500 vehicles per day. Its strategic position directly across from State Farm Corporate and OSF St. Joseph Medical Center, and minutes from County Companies, ensures high visibility and accessibility. The center is anchored by Jimmy John's and includes other established tenants such as Bidi Smoker Cigar & Vape, Tony's Taco, Dops Jerk Chicken House, Kevin Nails, and The Pass Pub and Grill. The property is zoned B-1 and has an APN of 21-02-403-014. Ameren provides power. Property taxes are $2.55 per square foot. This is a rare opportunity to acquire a well-located, established retail center in a thriving Illinois market.

    Property Features for 2303 Washington St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,540 SF
    Class
    B
    Total Rate
    20325.25

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 5A
    Size
    740 SF
    Rate per SF
    $19
    Property Profile Location Intelligence

    Current Use by Public Records

    Schroff Co Inc Commercial Real Estate Agency Pueblo Grande Restaurant Western Union Money Transfer Service Tony's Tacos Bloomington Mexican Restaurant BIDI SMOKE Tobacco Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -88.9515984
    Latitude
    40.4795524

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space Available in Bloomington, IL
    Where is this neighborhood center located?
    The property is located at 2303 Washington St Bloomington, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    Request Owner's contact information
    2303 Washington St Bloomington, IL 61704
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    Bloomington, IL 61704
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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
    2303 Washington St Bloomington, IL 61704
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