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    Nec Market St & Wylie Dr Bloomington, IL 61705

    Sponsored
    For Sale
    Contact for pricing

    Prime Commercial Land, Two Parcels Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two adjacent commercial land parcels in Bloomington, Illinois, ideally situated at the northeast corner of Market Street and Wylie Drive (61705). The properties offer significant potential for a variety of commercial uses. Parcel one encompasses approximately 1.14 acres and is priced at $350,000. Its APN is 21-06-103-004 and 21-06-103-005. Parcel two, significantly larger at approximately 2.53 acres, is listed at $750,000 and has an APN of 21-06-126-006. Both parcels are located in McLean County and benefit from their proximity to a newly constructed Aldi store, suggesting high visibility and strong foot traffic potential. The location is particularly well-suited for fast-food restaurants or highway retail establishments, given its strategic placement at a major intersection. This is a rare chance to acquire prime commercial land in a thriving area, offering excellent potential for immediate development or future appreciation. Detailed site plans and surveys are available upon request. Don't miss this opportunity to secure a valuable asset in a high-demand location. Contact us today to learn more about this exciting investment opportunity.

    Property Features for 0 Nec Market St & Wylie Dr

    General Information

    Property type
    Land
    Lot Size
    49,658 SF

    HighLights

    • $350,000 asking price for Site 1.
    • $750,000 asking price for Site 2.
    • Site 1: 1.14 acres (PINs: 21‑06‑103‑004 & 21‑06‑103‑005).
    • Site 2: 2.53 acres (PIN: 21‑06‑126‑006).
    • Adjacent to a new Aldi grocery store.
    • Excellent location for fast food or highway retail development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -89.037019
    Latitude
    40.4861681

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Two Parcels Available
    Where is this land located?
    The property is located at Nec Market St & Wylie Dr Bloomington, IL.
    What are key features of this property?
    This property features: $350,000 asking price for Site 1.; $750,000 asking price for Site 2.; Site 1: 1.14 acres (PINs: 21-06-103-004 & 21-06-103-005).
    Request Owner's contact information
    Nec Market St & Wylie Dr Bloomington, IL 61705
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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
    Nec Market St & Wylie Dr Bloomington, IL 61705
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