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    Avalon Way Bloomington, IL 61705

    Sponsored
    For Sale
    Contact for pricing

    Prime IL land, various sizes, B-1 & M-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Invest in prime commercial land in Bloomington, Illinois, situated within the Interstate Business Park and West Gate Plaza Lots. This exceptional offering presents multiple lots ranging from 2.27 to 8.62 acres, ideal for diverse commercial and industrial development. The property boasts B-1 and M-1 zoning, providing flexibility for a wide range of uses. Its strategic location offers easy access to major transportation arteries, including Interstates 55, 74, and 39, as well as Illinois Route 9. This location places the property within a thriving retail and industrial area, benefiting from proximity to key business and industrial hubs. The site is infrastructure-ready, allowing for immediate development and customization to suit specific project needs. Furthermore, its proximity to the Rivian Plant adds significant value and potential for future growth. This presents a unique opportunity for investors seeking expansive space and immediate development potential in a rapidly growing area of central Illinois, conveniently located between Chicago, St. Louis, and Indianapolis. Land prices range from $3.50 to $6.00 per square foot. The address is Avalon Way, Bloomington, IL 61705, in McLean County.

    Property Features for 0 Avalon Way

    General Information

    Property type
    Land

    HighLights

    • Excellent access to Interstates 55, 74, and 39, plus IL Route 9.
    • High‑traffic retail and industrial location.
    • Multiple lot sizes available to suit various needs.
    • Prime location in Bloomington/Normal, centrally positioned between Chicago, St. Louis, and Indianapolis.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -89.049040306297
    Latitude
    40.485721926

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    FAQs

    What type of property is this?
    Land - Prime IL land, various sizes, B-1 & M-1 zoning.
    Where is this land located?
    The property is located at Avalon Way Bloomington, IL.
    What are key features of this property?
    This property features: Excellent access to Interstates 55, 74, and 39, plus IL Route 9.; High-traffic retail and industrial location.; Multiple lot sizes available to suit various needs.
    Request Owner's contact information
    Avalon Way 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
    Avalon Way Bloomington, IL 61705
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