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Property profile & analytics

203 Prospect Rd Bloomington, IL 61704

  • Commercial land
  • 1.63 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-3234660
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Rosati's Pizza of Bloomington/Normal / Pizza Restaurant
  • Who Does Your Hair? / Hair Salon

Property Details for 203 Prospect Rd

Lot size
1.63 lot acres
Property type
Commercial land
APN
21-02-253-017
APU
2102253017

Description

This exceptional turnkey hair salon opportunity is located at 203 N Prospect Rd, Bloomington, IL 61704, in a multi-tenant retail building conveniently situated east of Veterans Parkway in McLean County. The salon, established in 2009, boasts a beautifully finished interior designed for comprehensive salon services. Features include a dedicated shampoo area and a private room suitable for massage or esthetician services. Currently configured for four styling stations, the space previously accommodated six, reflecting its adaptable layout. The current tenant is open to negotiating a chair rental sublease agreement, potentially accommodating up to three additional stylists, offering a unique opportunity to offset lease costs. All existing furniture, fixtures, and equipment (FF&E) are included in the sublease assignment at no extra charge, as detailed in a separate agreement. This presents a rare chance to acquire a fully operational, established salon with immediate earning potential, eliminating the significant start-up costs associated with building a business from the ground up. The prime location and established clientele base provide a strong foundation for continued success. This is an exceptional opportunity for a seasoned salon professional or an ambitious entrepreneur seeking a ready-made business in a thriving community.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Bloomington
County
Mclean
State
Illinois
Longitude
-88.9489
Latitude
40.4825
CBSA code
14010
CBSA name
BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,386
$136,228
$0.00
$136,228
-
$408,684
$0.00
$408,684
More about this property
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