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    Property profile & analytics

    2401 Empire St Bloomington, IL 61704

    • Commercial real estate
    • 18,000 SF
    • 1.26 lot acres
    For Sale
    View listing
    $3,385,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-1622344
    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

    • Jackie Spencer, Realtor / Real Estate Agent
    • BJ Armstrong Custom Homes / Real Estate Agent / Custom Home Builder
    • Nick Snyders - Realtor at Keller Williams Revolution / Real Estate Agent
    • Christina King Realtor -- The Thoughtful Nest -- Keller Williams Revolution / Real Estate Agent
    • Kri Brownfield / Real Estate Agent

    Property Details for 2401 Empire St

    Year built
    2002
    Construction
    FRAME
    Lot size
    1.26 lot acres
    Property size
    18,000 SF
    Property type
    Commercial real estate
    APN
    21-01-127-002
    APU
    2101127002

    Description

    This exceptional 18,000-square-foot freestanding retail building at 2401 1/2 E Empire Street in Bloomington, Illinois, presents a unique investment opportunity. Boasting a large showroom with tile flooring, the property includes 3-4 offices, ample storage, restrooms, and a substantial warehouse area. The warehouse features an extra-large overhead door, a convenient drive-through door connecting to the showroom, and a dock door, enhancing operational efficiency. A fenced patio area facing Empire Street adds to the property's appeal. The building's high ceilings offer exceptional versatility for various business needs. Its prime location between Veterans Parkway and the Central Illinois Regional Airport, surrounded by established businesses, ensures high visibility and significant traffic count. A prominent marquis sign with a fully functional LED message board further enhances visibility.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $410,000

    • CAP approach

      CAP return
      Estimation
      6%
      $585,000
      6.5%
      $530,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $540,000
      Retail
      $635,000
      Mixed-Use
      $625,000
      Hospitality
      $625,000
      Educational
      $650,000
      Residential Income
      $585,000
      Energy
      $615,000
      Income-Based Land
      $505,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Mclean
    State
    Illinois
    Longitude
    -88.9371
    Latitude
    40.4877
    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
    $36,920
    $191,758
    $244,000
    $435,758
    -
    $575,275
    $732,001
    $1,307,276

    Comparable in this City

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      COMMERCIAL (GENERAL) • 5,000 SF
      2305 Bunn St, Bloomington, IL 61704-7406
      View Details

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    2401 Empire St
    Bloomington, IL 61704
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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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