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Property profile & analytics
FOR SALE
Commercial real estate
1314-1316 E Empire St, Bloomington, IL 61701
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-2281103
For Sale
1 / 5
$495,000
1314-1316 E Empire St, Bloomington, IL 61701
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
4,664 SF
Lot
1.14 ac (49,658 SF)
APN
14-34-480-031
UPID
US28-2281103
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$610k
Owner & transaction history
First State Bank · 8 yrs held
First State Bank
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bloomington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$131 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,795
Tax year 2023
Assessed value
$177,020
Assessed 2023
Previous assessed
$177,020
+0.0% YoY
Effective rate
8.36%
On assessed value
Assessed land
$77,708
Assessed improvement
$99,312
Land market value
$233,124
Improvement market value
$297,936
Total market value
$531,060
Applied tax rate
4,019.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Construction
FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Units
1
Total area
4,664 SF
Lot
1.14 ac (49,658 SF)
APN
14-34-480-031
UPID
US28-2281103
Jurisdiction
MCLEAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
First State Bank
Entity
Mailing address
8 REYNOLDS CT, NORMAL, IL 61761-1533
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2018
$520,000
First State Bank
Craig Cullen
Foreclosure
related
—
Jun 29, 2016
—
Heartland Bank And Trust Co
Delta Community Companies LLC
Foreclosure
related
—
Oct 1, 2013
—
Delta Community Companies LLC
1316 East Empire Street LLC
Foreclosure
related
—
Jul 12, 2013
—
Delta Community Companies LLC
Delta Properties INC
Correction Deed
related
—
Jul 8, 2013
—
Delta Community Companies LLC
Delta Properties INC
Survivorship Deed
—
May 22, 2009
—
Tim Herman
Delta Properties INC
Quit Claim Deed
related
—
Oct 23, 2007
$440,000
Delta Communtiy Companies LLC
1316 East Empire Street LLC
Quit Claim Deed
related
—
Sep 4, 2007
$567,000
1316 East Empire Street LLC
Verizon North INC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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