Financial
Distress signals
Property profile

1314-1316 E Empire St Bloomington, IL 61701

FOR SALE
Other commercial real estate
Property ID
US28-2281103
4,664 SF 1.14 ac lot
Last sale Apr 2018 · $520,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial interior space totaling approximately 2,600 square feet, historically used as a school. The main floor has been divided into two units, with the east suite featuring multiple large open areas and several private rooms. The space is located along Empire/Route 9, providing high street visibility characterized by reported traffic volume of over 105,000 vehicle impressions per week, and the layout is adaptable for various business uses depending on tenant requirements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$177k
Assessed land$78k
Assessed improvement$99k
Effective rate8.36%

Value estimate

· Sep 2026
$275k
$248k – $303k
CAP approach$725k
Submarket $/SF estimate$618k
NOI build-up
Gross scheduled income$173k
Vacancy & credit loss−$14k
Operating expenses−$48k
NOI · 22.50% cap applied$111k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$82/SF
ZIP average, outlier-cleaned · 186 recorded sales of this use type
Observed band · Q1–Q3$36 – $132
Qualifying comparables11

Cap rate analysis

How does the asset earn?
22.50%
$111k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMCLEAN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency33.3
Building Supply25.6
Auto Parts Store18.9

Location

1314-1316 E Empire St Bloomington, IL 61701
County assessor Recorded deeds · 8 transfers 11 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
221 Frnt, Bloomington, IL 61701-5896 $305,000 Feb 2026 3,510 SF
505 Market, Bloomington, IL 61701-3841 $139,000 Feb 2026 4,812 SF
1511 Morrissey, Bloomington, IL 61701-7192 $330,000 Jan 2026 2,940 SF
1324 Empire, Bloomington, IL 61701-3420 $5,400 Jul 2025 4,992 SF
531-533 Main, Bloomington, IL 61701 $285,000 May 2025 4,136 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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