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Property profile & analytics
OFF-MARKET
Industrial properties

1011-1015 Lafayette St Bloomington, IL 61701

21,762 SF 3.6 ac lot Built 1970
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Year built 1970
Total area 21,762 SF
Lot 3.6 ac (156,816 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
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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