406-408 Detroit Dr, Bloomington, IL 61704
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.