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    FOR SALE
    Commercial real estate

    2206 E Cottage Ave, Bloomington, IL 61701

    5,926 SF 1.74 ac lot Built 2006
    Entity Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US28-5816784
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2006
    Construction FRAME
    Total area 5,926 SF
    Lot 1.74 ac (75,794 SF)
    APN 14-32-128-025
    UPID US28-5816784
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cottage Dental Care Dental Office
    • Dennis Krug Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $925k
    Comparable Approach Comparable
    $785k
    Blend (final) Blend
    $775k
    Owner & transaction history
    Krug Properties LLC · 19 yrs held
    Krug Properties LLC
    since 2006
    3 recorded transactions
    2017
    2006
    2006
    $130,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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