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    2210 Cottage Ave Bloomington, IL 61701

    • Commercial real estate
    • 6,968 SF
    • 0.68 lot acres
    For Lease
    View listing
    Value Estimation
    $615,000
    Last Sale
    Apr 13, 2022
    $610,000
    Location Intelligence
    Property ID
    US28-2224112
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Highland Pure water & ice / Ice Supplier
    • Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant

    Property Details for 2210 Cottage Ave

    Year built
    1993
    Construction
    FRAME
    Lot size
    0.68 lot acres
    Property size
    6,968 SF
    Property type
    Commercial real estate
    APN
    14-32-100-044
    APU
    1432100044

    Description

    This established Bloomington, IL retail strip center at 2210 Cottage Ave offers 6,717 square feet of space, with 5,517 square feet currently vacant. Located on the corner of Cottage and Hovey Avenues, the property benefits from excellent visibility and ample on-site parking (40 spaces). The building sits on a 29,621 square foot lot, providing significant signage opportunities. Its prime location near the heart of Bloomington's business district, Illinois State University, and Illinois Wesleyan University ensures high traffic and strong potential for retail success. The property is comprised of two units, presenting an opportunity for a single tenant to occupy the majority of the space or for multiple tenants to share the building. This well-maintained property is ready for its next chapter, offering a chance to establish or expand a business in a thriving community. The property's history as a community staple speaks to its enduring appeal and location advantages. This is an exceptional opportunity for businesses seeking a prominent location in a vibrant and accessible area of Bloomington-Normal. The property is located in McLean County.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $620,000
      6.5%
      $660,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $690,000
      Geo Method
      $595,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $680,000
      Retail
      $520,000
      Mixed-Use
      $680,000
      Hospitality
      $620,000
      Educational
      $535,000
      Residential Income
      $580,000
      Energy
      $590,000
      Income-Based Land
      $695,000
      Food Service
      $670,000

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Mclean
    State
    Illinois
    Longitude
    -89.0114
    Latitude
    40.5009
    CBSA code
    14010
    CBSA name
    BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,969
    $56,056
    $132,426
    $188,482
    -
    $168,168
    $397,278
    $565,446

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    2210 Cottage Ave
    Bloomington, IL 61701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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