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Property profile & analytics
OFF-MARKET
Neighborhood centers

2303 Washington St Bloomington, IL 61704

12,540 SF 1.41 ac lot Built 1973
Property ID
Property summary
AI-generated overview

This exceptional 12,540 square foot retail property, located at 2303 E Washington St, Bloomington, IL 61704, presents a compelling investment opportunity. The single-story, Class B building, constructed in 1973, features nine suites and boasts 75 total parking spaces. Currently, 740 square feet are available for lease. Situated on a 1.41-acre lot, the property benefits from a high-traffic location at the intersection of Veterans Parkway and Washington Street, with Veterans Parkway experiencing 38,500 vehicles per day. Its strategic position directly across from State Farm Corporate and OSF St. Joseph Medical Center, and minutes from County Companies, ensures high visibility and accessibility. The center is anchored by Jimmy John's and includes other established tenants such as Bidi Smoker Cigar & Vape, Tony's Taco, Dops Jerk Chicken House, Kevin Nails, and The Pass Pub and Grill. The property is zoned B-1 and has an APN of 21-02-403-014. Ameren provides power. Property taxes are $2.55 per square foot. This is a rare opportunity to acquire a well-located, established retail center in a thriving Illinois market.

Property profile
Verified
Property type Neighborhood centers
Year built 1973
Total area 12,540 SF
Lot 1.41 ac (61,420 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Schroff Co Inc Real Estate Agency
  • Pueblo Grande Restaurant
  • Western Union Bank Credit Union
  • Tony's Tacos Bloomington Restaurant
  • BIDI SMOKE (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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