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    OFF-MARKET
    Land

    406-408 Detroit Dr, Bloomington, IL 61704

    2.41 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.41-acre commercial land parcel, located at 406-408 Detroit Drive in Bloomington, Illinois (zip code 61704), presents a unique investment opportunity. The property is zoned B-1, Highway Business, allowing for a variety of commercial uses. Its prime location on a high-traffic sub-artery provides excellent visibility and accessibility. The area is experiencing significant growth, with recent development including new housing, schools, and airport expansion. This parcel is situated minutes from major roadways including I-55, I-74, and Veterans Parkway, ensuring convenient access for customers and employees. Bloomington-Normal boasts a strong and diversified economy, anchored by major employers such as State Farm Insurance, Country Financial, Illinois State University, Rivian Automotive, and OSF Healthcare. The area also benefits from a robust higher education system, including Illinois State University, Heartland Community College, and Illinois Wesleyan University, contributing to a thriving and growing community. The city's strong economic drivers, coupled with its high ranking in national "best places to live" surveys, make this a highly desirable location for commercial development. The property's APN is 22-07-225-004, 2, and ownership is fee simple. This is an excellent opportunity to capitalize on the burgeoning growth and strong economic fundamentals of Bloomington-Normal.

    Property profile
    Verified
    Property type Land
    Lot 2.41 ac (104,980 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
    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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