Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4109 Avenue Bloomington, IL 61704
    Back to Search
    Property profile & analytics

    4109 Avenue, Bloomington, IL 61704

    View on Map
    • Warehouses
    • 3,604 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4109 Avenue

    Year built
    1999
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 3,604-square-foot single-tenant flex space, located at 4109 E. Oakland Ave, Unit B, Bloomington, IL 61704, presents a fantastic opportunity for businesses seeking a versatile and functional workspace. Built in 1999, the property boasts a spacious layout perfectly suited for a variety of uses, encompassing retail, office, and industrial applications. The building's zoning is B-1, allowing for a range of commercial activities. The entire 3,604 square feet is currently vacant and ready for immediate occupancy. Situated in McLean County, this property offers convenient access to major transportation routes and amenities. The property's single-tenant occupancy ensures privacy and control over the entire space. This is a rare opportunity to secure a well-maintained, spacious, and adaptable commercial property in a desirable Bloomington location. The property's flexible design allows for customization to meet specific business needs, making it an ideal choice for companies seeking a functional and efficient workspace. Don't miss this chance to establish your business in this prime location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9065
    Latitude
    40.4729

    Comparable in this City

    • Value Estimation by Request
      4,680 SF

      2438 Main St

      Distribution properties
      2438 Main St, Bloomington, IL 61704
      View Details
    • Value Estimation by Request
      23,181 SF

      1603-1605 Morrissey Dr

      Retail properties & Spaces
      1603-1605 Morrissey Dr, Bloomington, IL 61704
      View Details
    • Value Estimation by Request
      12,540 SF

      2303 Washington St

      Neighborhood centers
      2303 Washington St, Bloomington, IL 61704
      View Details
    • Value Estimation by Request
      5,016 SF

      3805 Ballybunion Rd

      Restaurants
      3805 Ballybunion Rd, Bloomington, IL 61704
      View Details
    • Value Estimation by Request
      5,295 SF

      2206 Eastland Dr

      Office Spaces
      2206 Eastland Dr, Bloomington, IL 61704
      View Details
    • Value Estimation by Request
      13,840 SF

      421 Detroit Dr

      Office Spaces
      421 Detroit Dr, Bloomington, IL 61704
      View Details

    Similar Nearby for Sale

    • $2,556,000

      Central Illinois Warehouse Investment Opportunity

      59,460 SF warehouse on 9.1 acres near Route 150.
      1815 Morrissey Dr, Bloomington, IL 61704
      View Details
    • $3,385,000
      18,000 SF

      Prime Bloomington Retail Space

      Spacious Retail Building, High Visibility
      2401 Empire St, Bloomington, IL 61704
      View Details
    • Contact for pricing
      24,719 SF

      Bloomington Industrial Property For Sale

      Fully occupied industrial property near interstates in Bloomington, Illinois.
      1624 Commerce Pkwy, Bloomington, IL 61704
      View Details
    • $419,000
      0.36 Acres

      Commercial Building Near Four Seasons

      One-story brick building with open plan and newer features.
      806 Four Seasons Rd, Bloomington, IL 61704
      View Details
    • $1,560,000

      Retail Building Near Veterans Parkway

      13,000 SF retail building near major retailers.
      2401 Maloney Dr, Bloomington, IL 61704
      View Details
    • Contact for pricing
      10,676 SF

      Freestanding Monro Auto Service Investment

      NNN leased Monro Auto Service property for sale.
      1809 Eastland Dr, Bloomington, IL 61704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Flexible Space with Overhead Door

      2,100 SF flexible space suitable for various commercial uses.
      2804 Tractor Ln, Bloomington, IL 61704
      View Details
    • $11 SF/Yr

      Flex Space End-Unit with Loading

      Corner flex unit with equal office and warehouse space, featuring an overhead door and private restroom for operational convenience.
      1624 Commerce Pkwy, Bloomington, IL 61704
      View Details
    • $1,650 /Mo

      Versatile Flex Space For Lease

      2,100 SF flex space suitable for various business uses.
      2804 Tractor Ln, Bloomington, IL 61704
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      Adaptable 1,427 SF space ideal for various business concepts.
      202 S Eldorado Rd, Bloomington, IL 61704
      View Details
    • Contact for pricing

      High-Traffic Commercial Building For Rent

      Multi-tenant building with high visibility and strong signage opportunities.
      1319 N Veterans Pkwy, Bloomington, IL 61704
      View Details
    • Contact for pricing

      Renovated Office Space Available Now

      Renovated office space with high visibility and ample parking.
      2405 E Washington St, Bloomington, IL 61704
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4109 Avenue
    Bloomington, IL 61704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4109 Avenue, Bloomington, IL, 61704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!