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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3805 Ballybunion Rd Bloomington, IL 61704

5,016 SF 0.75 ac lot Built 2007
Property ID
Property summary
AI-generated overview

This exceptional 5,016 sq ft restaurant, located at 3805 Ballybunion Rd, Bloomington, IL 61704, presents a unique investment opportunity. Built in 2007, this single-story, Class B building sits on a 0.75-acre lot and boasts 31,798 sq ft of air rights. Currently vacant, the property is available for occupancy on June 25, 2024, and offers significant potential for a variety of restaurant concepts. Its prime location on Ireland Grove, a road with approximately 6,500 vehicles daily, ensures high visibility and accessibility. The property benefits from its proximity to "The Links" executive golf course and a brewery, providing a built-in customer base. Furthermore, the surrounding area features residential developments and a planned apartment complex, bolstering the potential customer pool. The average household income within a one-mile radius exceeded $169,000 in 2023, indicating a strong local market. The outdoor patio with a bar area adds to the property's appeal, especially during the pleasant weather months. The property is zoned Commercial (0060) and is offered at $895,000 ($178.43/sq ft). Seller financing may be considered with a substantial down payment. This is a rare chance to acquire a well-maintained restaurant in a thriving community. The property's APN is 2218203006.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2007
Total area 5,016 SF
Lot 0.75 ac (32,670 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
  • Las Margaritas Mexican Bar And Grill Take-out & Catering Catering Service
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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