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    FOR SALE
    Commercial real estate

    2401 Maloney Dr, Bloomington, IL 61704

    13,000 SF 1.06 ac lot Built 2005
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-3170170
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 13,000-square-foot freestanding storefront building in Bloomington, Illinois, currently occupied by Friar Tuck Beverage under a Net Lease (NNN) agreement. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $135,585. The tenant, Friar Tuck Beverage, has a long-standing presence at this location, having operated there since the building's construction in 2005, and has demonstrated commitment through multiple lease renewals. The lease has approximately 1.4 years remaining, expiring March 31, 2026. Situated on a 1.06-acre lot (APN 21-02-255-001) with B-1 zoning, the property enjoys a prime location just one block from Veterans Parkway, a high-traffic thoroughfare with daily counts exceeding 40,000 vehicles. This vibrant commercial area is anchored by numerous national retailers, including Starbucks, Krispy Kreme, Chipotle, and others. Bloomington/Normal, with a population exceeding 150,000, benefits from its central location between Chicago, St. Louis, and Indianapolis, and is home to major employers such as State Farm and Country Financial, as well as significant recent additions like Rivian Automotive and Ferrero Chocolates manufacturing facilities. The area also thrives with the presence of Illinois Wesleyan University and Illinois State University. The asking price for this exceptional investment is $1,695,000, translating to a price per square foot of $130.38. This property offers a compelling combination of strong tenant occupancy (100%), a desirable location, and a high-yield return, making it an attractive addition to any investment portfolio.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2005
    Construction FRAME
    Total area 13,000 SF
    Lot 1.06 ac (46,174 SF)
    APN 21-02-255-001
    UPID US28-3170170
    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
    • Friar Tuck Beverage (Bike/Boat/Book/etc) Store Wine and Liquor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.24M
    Blend (final) Blend
    $1.12M
    Owner & transaction history
    CIP FAMILY TRUST LLC
    CIP FAMILY TRUST LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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