Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Retail properties & Spaces

    305 Main St, Bloomington, IL 61701

    9,155 SF Built 1939
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail property, located at 305 N Main St, Bloomington, IL 61701, offers 2,850 square feet of immediately available space in a vibrant downtown location. The single-story building, constructed in 1939 and extensively renovated in 2022, boasts a total of 9,155 square feet across three suites. The available space is part of a multi-tenant building and is served by one elevator. Utilities are provided by Ameren Illinois. The property is zoned D-1 Central Business District, offering flexibility for a variety of retail uses. Property taxes are $0.98 per square foot. The building is conveniently located on N Main St, with cross-street access via Jeffersons. Bloomington offers a strong economy with a median household income of $73,119 and a low unemployment rate of 4.2% (August 2024). The city's population is approximately 78,800, with a significant portion holding bachelor's degrees or higher, fueled by the presence of Illinois Wesleyan University and Illinois State University. This location benefits from a lower cost of living than the national average, particularly in housing. The property presents a unique opportunity to establish a business in a thriving downtown area with a rich history and a modern, renovated space. The minimum divisible space is 2,850 square feet, and the maximum contiguous space available is also 2,850 square feet.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1939
    Total area 9,155 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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 305 Main St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message