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Property profile & analytics
OFF-MARKET
Office Spaces

2302 Oakland Ave Bloomington, IL 61701

Built 1950
Property ID
Property summary
AI-generated overview

This single-story, 1950-built Medical Arts Building, located at 2302 E. Oakland Avenue in Bloomington, IL (61701), offers a unique opportunity. The 38-space parking lot serves a building with multiple tenants, and two office suites are currently available. Situated in a high-traffic area near State Farm's corporate offices, this Creative Office space benefits from proximity to numerous retail establishments including Jewel, Kroger, Dunkin' Donuts, and Subway. The B2 zoning allows for a variety of uses. The property's McLean County location (APN 21-02-359-006) places it within a thriving economic environment. Bloomington-Normal boasts a diverse economy anchored by major employers such as State Farm, Country Financial, Illinois State University, Rivian Automotive, and OSF Healthcare. The area's strong agricultural sector and excellent transportation infrastructure (including rail and air access) further enhance its appeal. The presence of three major universities (Illinois State University, Heartland Community College, and Illinois Wesleyan University) contributes to a vibrant and growing community. Bloomington's recognition as a desirable place to live, highlighted by its high rankings in various "best of" lists, underscores the property's investment potential. Affordable, below-market rents are available, with utilities included in one unit. This presents an excellent opportunity for businesses seeking a well-located, functional office space in a dynamic and growing market.

Property profile
Verified
Property type Office Spaces
Year built 1950
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
  • Law Office Of Damon Young Law Firm
  • Relational Balance Marriage Or Relationship Counselor Psychotherapist
  • Reflections Therapy Center Crisis Center Medical Clinic
  • Addus HomeCare Home Health Care Service
  • V G Alteration (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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