121 Main St Bloomington, IL 61701-7619
- Commercial real estate
- 15,312 SF
- 0.34 lot acres
Jan 06, 2022
Current Use by Public Records
- Vieley Jack C / Attorney
- Kelly Law Office / Attorney / Law Firm
- Pioletti Pioletti & Nichols / Attorney / Law Firm
- LeFante Law Offices, P.C. / Personal Injury Attorney / Attorney
- Revival Road Therapy PLLC / Psychotherapist
Property Details for 121 Main St
- Year built
- 1962
- Construction
- FRAME
- Lot size
- 0.34 lot acres
- Property size
- 15,312 SF
- Property type
- Commercial real estate
- APN
- 21-04-339-038
- APU
- 2104339038
Description
This four-story, 15,312 sq ft Class B office building in downtown Bloomington, IL (APN 21-04-339-038) offers a unique investment opportunity. Built in 1962 and renovated in 2014, the property features 3,625 sq ft of vacant space ideal for co-working or individual office suites. The second floor is currently set up for co-working, including shared restrooms and a kitchenette. The building includes one passenger elevator and 27 parking spaces. Its central location offers easy access to the courthouse, McLean County Museum of History, and the vibrant downtown area, which boasts a diverse mix of legal, professional, cultural, and entertainment venues. The strong local economy, driven by major employers like State Farm, Country Financial, Illinois State University, and Rivian Automotive, creates a stable and attractive market. Bloomington's thriving college community and high rankings in livability and startup potential further enhance the property's value. The B3 zoning allows for a variety of uses. This is a rare opportunity to acquire a well-located, versatile office building in a dynamic and growing market. The 0.34-acre lot provides ample space.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $880,000
- ML approach
- $915,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,014,000
- AI Estimate
- $834,000
Market price range: $551k - $2.03MMarket price range: $499k - $1.58M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Mclean
- State
- Illinois
- Longitude
- -88.9933
- Latitude
- 40.4792
- CBSA code
- 14010
- CBSA name
- BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA