Property profile

2002-2004 Rainbow Ave Bloomington, IL 61704

OFF-MARKET
Commercial real estate
Property ID
US28-0175971
10,125 SF 0.83 ac lot Built 1980
Individually Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Construction FRAME
Total area 10,125 SF
Lot 0.83 ac (36,000 SF)
APN 14-35-227-038
UPID US28-0175971

Cap rate & NOI

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

Location

2002-2004 Rainbow Ave Bloomington, IL 61704
Bloomington metro Census 1106 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.58M
Comparable Approach Comparable
$965k
Blend (final) Blend
$395k

Owner & transaction history

since 2026
Last sale
$1.5M
1 recorded transaction
2026
$1.5M

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2002-2004 Rainbow Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message