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    115 Jefferson St Bloomington, IL 61701

    For Lease
    $13 SF/Yr

    Prestigious Bloomington office, 4,587 sq ft.

    Lot size:
    4,587 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional opportunity presents 4,587 square feet of office space in the highly desirable Heritage Plaza, located at the prestigious corner of West Jefferson and North Center Streets in Bloomington, Illinois. This well-maintained, owner-occupied Class B building boasts a prime downtown location and offers a blend of sophistication and functionality. The four-story building, constructed in 1901, features one building with elevators and a secure FOB access system for tenant safety and convenience. A full-time, on-site maintenance professional ensures proactive building upkeep, complemented by contract cleaning services for common areas. Bloomington's thriving economy is fueled by major employers such as State Farm, Country Financial, Illinois State University, Rivian Automotive, and OSF Healthcare, creating a robust and diverse job market. The city also benefits from a strong higher education system, including Illinois State University and Heartland Community College, providing a substantial talent pool. Bloomington-Normal consistently receives high national rankings for livability, attracting businesses and residents alike. This property offers a unique chance to establish a presence in a dynamic and desirable location. The zoning is D2, and the property is located in McLean County. One space is currently available.

    Property Features for 115 Jefferson St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,587 SF
    Class
    B

    Building Details

    Year Built
    1901
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 300
    Size
    4,587 SF
    Rate per SF
    $13

    HighLights

    • Prestigious corner location in downtown Bloomington, IL at W. Jefferson and N. Center Streets.
    • Well‑maintained, owner‑occupied building with on‑site maintenance, contract cleaning, and FOB access security.
    • Strong local economy anchored by major employers like State Farm, Country Financial, Illinois State University, Rivian, and OSF Healthcare.
    • Robust higher education system including Illinois State University and Heartland Community College provides a strong talent pool.
    • Bloomington‑Normal consistently ranks highly in national livability surveys, recognized as a top college town and start‑up city.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thomas A. Jennings Attorney Kirk A. Holman Attorney William C. Wetzel ... Attorney Kim John K Attorney Taylor Glenn Ronda ... Lawyer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9943452
    Latitude
    40.4806665

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Bloomington office, 4,587 sq ft.
    Where is this office property / space located?
    The property is located at 115 Jefferson St Bloomington, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Prestigious corner location in downtown Bloomington, IL at W. Jefferson and N. Center Streets.; Well-maintained, owner-occupied building with on-site maintenance, contract cleaning, and FOB access security.; Strong local economy anchored by major employers like State Farm, Country Financial, Illinois State University, Rivian, and OSF Healthcare.
    Request Owner's contact information
    115 Jefferson St Bloomington, IL 61701
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    Bloomington, IL 61701
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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
    115 Jefferson St Bloomington, IL 61701
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