1011-1015 Lafayette St Bloomington, IL 61701
This exceptional Bloomington, Illinois industrial property presents a unique investment opportunity. Comprising two buildings totaling 21,762 square feet on a 3.6-acre lot, this Class B flex space is zoned M-1 (Restricted Manufacturing). The main building boasts 15,067 square feet of warehouse space and 4,535 square feet of office area. A secondary pole building adds another 2,160 square feet. The property features four 10-foot dock high doors and two loading docks, ensuring efficient material handling. Significant recent improvements include a new $400,000 roof installed in 2023. The property benefits from 3-phase electric service, a fully sprinklered system, energy-efficient LED lighting, and seven rooftop HVAC units providing climate control throughout. The space is heated and cooled, and ample parking is available. The property's previous use as a commercial laundry for medical linens is reflected in existing laundry equipment, which is available for purchase or removal. A filtered drain system is also in place. The property's address is 1011-1015 E. Lafayette St, Bloomington, IL 61701, with McLean County APN 21-10-351-049. This versatile property is ideal for a variety of industrial and flex uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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