305 Main St Bloomington, IL 61701
- Retail properties
- 9,155 SF
Current Use by Public Records
- Retail properties
Property Details for 305 Main St
- Year built
- 1939
- Property size
- 9,155 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Mclean
- State
- Illinois
- Longitude
- -88.9937
- Latitude
- 40.4805
