2115 Market StBloomington, IL 61705

  • Other commercial real estate
  • 5,269 SF
For Lease
$20/SF/YR View listing

Property Details for 2115 Market St

Year built
2003
Construction
FRAME
Lot size
1.23 AC
Property size (Sq ft)
5,269 SF
Property type
Other commercial real estate
APN
21-06-103-006
APU
2106103006

Description

This 5,269 square foot former Bob Evans restaurant is available for lease. Located on a prominent corner lot (1.3 acres) at the intersection of Wylie Drive and W. Market Street in Bloomington, Illinois, this well-maintained freestanding building benefits from a high-traffic location within a thriving commercial area. The surrounding area boasts a significant concentration of hotels (over 800 rooms), truck stops (TA and Pilot), and numerous national chain restaurants, including Steak & Shake, Wendy's, McDonald's, Arby's, Popeye's, and Culver's. A new Quick Trip is slated to open in 2024. The strong local economy is driven by major employers such as State Farm Insurance, Country Financial, Illinois State University, Rivian Automotive, and OSF Healthcare, along with a robust agricultural sector. Bloomington-Normal's desirability is further enhanced by its strong college community (Illinois State University, Heartland Community College, and Illinois Wesleyan University), contributing to a vibrant and growing population. The city's high ranking in national "best places to live" surveys underscores its appeal. The B1 zoning allows for a variety of restaurant and commercial uses. The property's APN is 21-06-103-006, located in McLean County. This is a unique opportunity to establish a successful business in a prime location with excellent visibility and access. The building is ready for immediate occupancy.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,088,965
    Hospitality
    $997,486
    Educational
    $829,896
    Medical
    $858,438
    Retail
    $1,290,950
2115 Market St, Bloomington, Illinois
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Location Insight

City
Bloomington
County
Mclean
State
Illinois
Latitude
40.4868
Longitude
-89.0362
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
$37,467
$182,935
$259,276
$442,211
-
$548,806
$777,829
$1,326,635

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