1100 Bell St Bloomington, IL 61701
- Industrial properties
- 178,099 SF
- 11.97 lot acres
Current Use by Public Records
- Akshar Plastic Inc. / Corporate Office
- AZ Supply Group LLC / Plastic Products Wholesaler
Property Details for 1100 Bell St
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 11.97 lot acres
- Property size
- 178,099 SF
- Property type
- Industrial properties
- APN
- 21-10-105-007
- APU
- 2110105007
Description
This exceptional 253,000-square-foot manufacturing facility in Bloomington, Illinois, presents a unique investment opportunity. Situated on 12 acres near Lakeside Country Club, this property boasts a rich history, previously housing Eureka and Electrolux. The expansive facility features ten buildings, each with its own bus panel, totaling 253,000 square feet of space, currently fully vacant and available for lease. The property offers flexible lease terms with negotiable pricing. The buildings, constructed in 1920 and extensively renovated in 1998, offer a blend of character and modern amenities. Key features include 14 loading docks, 14 drive-in doors, and ample parking (51-100 spaces). High ceilings, ranging from 14 to 32 feet, accommodate diverse manufacturing needs. The property benefits from robust 480V, 3-phase electrical service and a comprehensive fire alarm monitoring system with a wet sprinkler system. The M1 zoning allows for a variety of industrial uses. The minimum divisible space is 10,000 square feet, making it suitable for multiple tenants or a single large-scale operation. The business office area underwent a significant update in 1998. This is a rare opportunity to acquire a substantial, well-equipped industrial property in a prime Bloomington location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $445,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $435,000
- Mixed-Use
- $490,000
- Hospitality
- $475,000
- Educational
- $480,000
- Residential Income
- $440,000
- Energy
- $535,000
- Income-Based Land
- $470,000
- Food Service
- $545,000
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Mclean
- State
- Illinois
- Longitude
- -88.9797
- Latitude
- 40.471
- CBSA code
- 14010
- CBSA name
- BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
