2206 E Cottage Ave, Bloomington, IL 61701
For Sale
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This exceptional 5,926 square foot medical office building, situated on a 1.74-acre lot in McLean County, presents a unique investment opportunity. Built in 2006 and zoned B-1, the property features two distinct suites. Suite B, a substantial 4,000 square foot space, is currently occupied under a recently signed ten-year lease with renewal options, offering immediate and long-term income potential. A virtual tour is available online. Suite A, encompassing the remaining square footage, is available for lease to a user/owner, allowing for complete customization to meet specific needs and preferences. The property's APN is 14-32-128-025. This versatile property is ideal for medical professionals seeking established space or those looking to build their practice in a prime location. The multiple tenancy structure provides flexibility and potential for diverse income streams. The building offers a blend of immediate income generation and future development potential, making it an attractive proposition for discerning investors and medical practitioners alike. The property's location and zoning provide excellent accessibility and visibility. Don't miss this chance to acquire a well-situated and income-producing medical office building.
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Cottage Dental Care Dental Office
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Dennis Krug Dental Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.