Property profile

1511 Morrissey Dr Bloomington, IL 61701

OFF-MARKET
Other commercial real estate
Property ID
US28-1796001
2,940 SF 0.56 ac lot Built 1989
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This commercial retail property is located at the intersection of Veterans Parkway and Morrissey and is configured as three income-producing retail units within a single steel/stucco building with a metal roof. The units were previously operated as separate tenant spaces and are each served by individual gas and electric utilities, with dedicated bathrooms, office areas, and HVAC systems; a single shared water meter supplies the overall property. The building includes fifteen shared parking spaces. Interior configuration has been modified: the wall between Units A and B was removed, and a doorway was opened between Units B and C; the spaces are described as able to be restored to separate units. The listing indicates that the currently profiled portion is Auto Center Condo Unit A, based on the plat.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1989
Construction FRAME
Total area 2,940 SF
Lot 0.56 ac (24,215 SF)
APN 21-10-453-001
UPID US28-1796001

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

1511 Morrissey Dr Bloomington, IL 61701-7192
Bloomington metro Census 5800 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2026
Last sale
$330,000
4 recorded transactions
2026
$330,000
2019
Price N/A
2017
Price N/A
2014
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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