Financial
Distress signals
Property profile

1802 Rainbow Ave Bloomington, IL 61704

OFF-MARKET
Commercial real estate
Property ID
US28-1317091
14,235 SF 0.44 ac lot Built 1992
Last sale Mar 2025 · $364,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value$217k
Assessed land$32k
Assessed improvement$185k
Effective rate8.36%

Value estimate

· Sep 2026
$345k
$311k – $380k
AI approach$365k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
ZIP average, outlier-cleaned · 139 recorded sales of this use type
Observed band · Q1–Q3$50 – $143
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMCLEAN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.6
Storage Facility9.6
Convenience Store9.5

Location

1802 Rainbow Ave Bloomington, IL 61704-2276
County assessor Recorded deeds · 5 transfers 8 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2001 Morris, Bloomington, IL 61704-7293 $3,256,000 Feb 2026 15,810 SF
2002-2004 Rainbow, Bloomington, IL 61704 $1,505,000 Jan 2026 10,125 SF
1818 Hershey, Bloomington, IL 61704 $580,000 May 2025 17,168 SF
908 Eldorado, Bloomington, IL 61704-6006 $1,200,000 Mar 2025 12,858 SF
421 Detroit, Bloomington, IL 61704-4005 $1,300,000 Mar 2025 13,840 SF
2104 Todd, Bloomington, IL 61704-3675 $641,500 Feb 2025 9,586 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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