Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    203 Prospect Rd Bloomington, IL 61704

    For Lease
    $18 SF/Yr

    Established Salon, Sublease Available, FF&E Included

    Lot size:
    1,633 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional turnkey hair salon opportunity is located at 203 N Prospect Rd, Bloomington, IL 61704, in a multi-tenant retail building conveniently situated east of Veterans Parkway in McLean County. The salon, established in 2009, boasts a beautifully finished interior designed for comprehensive salon services. Features include a dedicated shampoo area and a private room suitable for massage or esthetician services. Currently configured for four styling stations, the space previously accommodated six, reflecting its adaptable layout. The current tenant is open to negotiating a chair rental sublease agreement, potentially accommodating up to three additional stylists, offering a unique opportunity to offset lease costs. All existing furniture, fixtures, and equipment (FF&E) are included in the sublease assignment at no extra charge, as detailed in a separate agreement. This presents a rare chance to acquire a fully operational, established salon with immediate earning potential, eliminating the significant start-up costs associated with building a business from the ground up. The prime location and established clientele base provide a strong foundation for continued success. This is an exceptional opportunity for a seasoned salon professional or an ambitious entrepreneur seeking a ready-made business in a thriving community.

    Property Features for 203 Prospect Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,633 SF

    Unit(s) available at that property

    Space
    Size
    1,633 SF
    Rate per SF
    $18

    HighLights

    • Turnkey hair salon for sale at 203 N Prospect Rd, Bloomington, IL.
    • Beautifully finished interior with shampoo area and private room.
    • Adaptable layout, currently four styling stations (previously six).
    • Sublease opportunity available, potentially adding up to three more stylist stations.
    • All FF&E included in sublease assignment.
    • Established clientele and prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rosati's Pizza of Bloomington/Normal Pizza Restaurant Who Does Your ... Hair Salon

    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
    -88.9491359
    Latitude
    40.4819245

    Nearby Similar for Lease

    • $14 SF/Yr

      Office Space in Central Location

      Office space for rent in a central Bloomington location.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • $14 SF/Yr

      Bloomington Office Space For Rent

      Office space available in a central Bloomington location.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • $14 SF/Yr

      Bloomington Office Space For Rent

      Office space available in a central Bloomington location.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • $14 SF/Yr

      Bloomington Office Space For Rent

      Office space available in a central Bloomington location.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • $14 SF/Yr

      Bloomington Office Space For Rent

      Office space available in a central Bloomington location.
      901 E Grove St, Bloomington, IL 61701
      View Details
    • $14 SF/Yr

      Bloomington Office Space For Rent

      Office space available in a central Bloomington location.
      901 E Grove St, Bloomington, IL 61701
      View Details

    FAQs

    What type of property is this?
    Retail property - Established Salon, Sublease Available, FF&E Included
    Where is this retail property located?
    The property is located at 203 Prospect Rd Bloomington, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Turnkey hair salon for sale at 203 N Prospect Rd, Bloomington, IL.; Beautifully finished interior with shampoo area and private room.; Adaptable layout, currently four styling stations (previously six).
    Request Owner's contact information
    203 Prospect Rd Bloomington, IL 61704
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    203 Prospect Rd
    Bloomington, IL 61704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    203 Prospect Rd Bloomington, IL 61704
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.