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Property profile & analytics
OFF-MARKET
Office Spaces

105 Center St Bloomington, IL 61701

6,963 SF
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Weintraub Alan I Law Firm
  • Thomson & Weintraub, LLCAttorneys At Law Law Firm Child Welfare Organization
  • TNW Law Law Firm
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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