807 S Main St, Bloomington, IL 61701
Corner property near downtown Bloomington with redevelopment potential.
- Added:
- Oct 6, 2022
- Days on Market:
- 1361
- Last Refresh:
- May 12 at 8:48 pm
Property Features for 807 S Main St
General Information
- Standard status
- Active
- Size
- 1,946 SF
- Property subtype
- Retail
Listing office SVN Core 3 (331) 452-6860
Listing date Oct 6, 2022
Source Crexi
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 SVN Core 3
HighLights
- Prime corner property location just south of downtown Bloomington
- Zoned B‑1, suitable for various business opportunities
- Includes a 1946 SF building and a smaller building (former car wash)
- Entrances on both North and South Main Street
- High‑traffic area with proximity to restaurants and businesses
- Potential customer base includes Bloomington‑Normal residents and university students from ISU and Illinois Wesleyan
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $18.00 |
| − Vacancy | −$3.0k | −$1.57 |
| EGI | $32.0k | $16.43 |
| − OpEx | −$8.0k | −$4.11 |
| NOI | $24.0k | $12.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- McLean
- State
- Illinois
- Longitude
- -88.993752
- Latitude
- 40.4717029
