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    202 Center St Bloomington, IL 61701

    Sponsored
    For Sale
    $1,710,000

    Prime Downtown Location, 24,842 SF

    Property size:
    24,842 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office building, located at 202 N. Center Street in Bloomington, Illinois, presents a unique investment opportunity. The property encompasses 24,842 square feet across three floors, situated on an 8,470 square foot lot (APN: 21-04-370-001 - -005). Built in 1978 and zoned D-1, this building offers significant potential for owner-users and investors. The property includes 12 underground parking spaces and 10 surface parking spaces. Each floor features five HVAC units, ensuring climate control throughout. A regularly maintained elevator adds to the building's functionality. The building's central location on The Square in Downtown Bloomington provides excellent visibility and accessibility. The asking price is $1,710,000 ($68.84 per square foot). This property is ideal for an owner-user seeking 2,000 to 20,000 square feet, with the remaining space available for lease. Redevelopment possibilities also exist, making this a versatile and attractive investment. The sale includes the first, second, and third floors of the building.

    Property Features for 202 Center St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    24,842 SF
    Class
    A

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    3

    HighLights

    • Class A office building, 24,842 square feet, Bloomington, IL.
    • Located at 202 N. Center Street, on an 8,470 sq ft lot (APN: 21‑04‑370‑001 - -005).
    • Three‑story building, built in 1978, D‑1 zoning.
    • 22 total parking spaces (12 underground, 10 surface).
    • $1,710,000 asking price ($68.84 PSF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Campbell & Kording Ltd Attorney Cox & Fulk LLC Attorney Lenz Robert J Insurance Attorney Tristan N. Bullington, ... Legal Services Elliott Capital Management, ... Investment Company

    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
    -88.994665524293
    Latitude
    40.479591147393

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown Location, 24,842 SF
    Where is this office property / space located?
    The property is located at 202 Center St Bloomington, IL.
    What is the asking price?
    The asking price for this property is $1,710,000.
    What are key features of this property?
    This property features: Class A office building, 24,842 square feet, Bloomington, IL.; Located at 202 N. Center Street, on an 8,470 sq ft lot (APN: 21-04-370-001 - -005).; Three-story building, built in 1978, D-1 zoning.
    (309) 270-1565
    Request Owner's contact information
    202 Center St Bloomington, IL 61701
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    202 Center St
    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
    202 Center St Bloomington, IL 61701
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