This exceptional investment opportunity presents a 13,000-square-foot freestanding storefront building in Bloomington, Illinois, currently occupied by Friar Tuck Beverage under a Net Lease (NNN) agreement. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $135,585. The tenant, Friar Tuck Beverage, has a long-standing presence at this location, having operated there since the building's construction in 2005, and has demonstrated commitment through multiple lease renewals. The lease has approximately 1.4 years remaining, expiring March 31, 2026. Situated on a 1.06-acre lot (APN 21-02-255-001) with B-1 zoning, the property enjoys a prime location just one block from Veterans Parkway, a high-traffic thoroughfare with daily counts exceeding 40,000 vehicles. This vibrant commercial area is anchored by numerous national retailers, including Starbucks, Krispy Kreme, Chipotle, and others. Bloomington/Normal, with a population exceeding 150,000, benefits from its central location between Chicago, St. Louis, and Indianapolis, and is home to major employers such as State Farm and Country Financial, as well as significant recent additions like Rivian Automotive and Ferrero Chocolates manufacturing facilities. The area also thrives with the presence of Illinois Wesleyan University and Illinois State University. The asking price for this exceptional investment is $1,695,000, translating to a price per square foot of $130.38. This property offers a compelling combination of strong tenant occupancy (100%), a desirable location, and a high-yield return, making it an attractive addition to any investment portfolio.
Property Features for 2401 Maloney Dr
General Information
Property type
Individual retail properties
Square Feet
13,000 SF
Lot Size
46,174 SF
Building Details
Year Built
2005
Buildings
1
HighLights
$1,695,000 asking price for a 13,000 SF retail storefront.
Net lease investment opportunity with an 8.00% cap rate.
100% occupancy with a $135,585 NOI.
Single‑tenant building leased to Friar Tuck Beverage until 03/31/2026 (1.4 years remaining).
Located on 1.06 acres at 2401 Maloney Dr, Bloomington, IL 61704, in a high‑traffic area with strong surrounding retail.
The property is located at 2401 Maloney Dr Bloomington, IL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: $1,695,000 asking price for a 13,000 SF retail storefront.; Net lease investment opportunity with an 8.00% cap rate.; 100% occupancy with a $135,585 NOI.
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2401 Maloney Dr Bloomington, IL 61704
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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.
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2401 Maloney Dr Bloomington, IL 61704
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2401 Maloney Dr, Bloomington, IL
Jill Spratt
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2401 Maloney Dr, Bloomington, IL
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