3805 Ballybunion Rd Bloomington, IL 61704
- Retail properties
- 5,016 SF
- 0.75 lot acres
Current Use by Public Records
- Las Margaritas Mexican Bar And Grill / Mexican Restaurant / Caterer
Property Details for 3805 Ballybunion Rd
- Year built
- 2007
- Lot size
- 0.75 lot acres
- Property size
- 5,016 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- McLean
- State
- Illinois
- Longitude
- -88.9117
- Latitude
- 40.456
