Property profile

105 Center St Bloomington, IL 61701

OFF-MARKET
Office Spaces
6,963 SF
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Property summary

AI-generated overview

This exceptional three-story, 6,963-square-foot executive office building is located in the heart of downtown Bloomington, Illinois, at 109 N Center St, zip code 61701. The property, situated on a 2,475-square-foot lot (APN 21-04-338-007), is currently vacant and offers significant potential for a variety of uses. Previously used as a law office, the building boasts numerous features including private offices, conference rooms, ample storage space, secure vaults, multiple restrooms, and a library. Each room offers unique character with hardwood floors, built-in bookcases, and bay windows. The full basement provides additional space, including restrooms and a kitchenette. The building's unique features also include old safes, which could be repurposed for secure file storage. The property is zoned B-3 and is located within Bloomington's Enterprise Zone, offering potential economic development incentives. This prime location in downtown Bloomington places the building within easy reach of over 100 shops, restaurants, and services. Bloomington's strong economy, driven by major employers such as State Farm Insurance and Country Financial, and its proximity to Illinois State University and Heartland Community College, makes this a highly desirable investment opportunity. The building's size and versatile layout offer a unique chance to establish a thriving business in a vibrant and growing community. The asking price for this property is $499,999.

Property profile

Verified
Property type Office Spaces
Total area 6,963 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm Child Welfare Organization
  • Law Firm

Location

105 Center St Bloomington, IL 61701
Bloomington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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