305 Main St, Bloomington, IL 61701
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.