Property profile

2402 Market St Bloomington, IL 61705

OFF-MARKET
Commercial real estate
Property ID
US28-3272584
7,000 SF 3.27 ac lot Built 2005
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,000-square-foot industrial building in Bloomington, IL, presents a unique investment opportunity. Situated on a spacious 3.3-acre lot, the property boasts a versatile layout ideal for various uses. Previously a Schwan's distribution center, the building includes a 2,000-square-foot freezer/refrigerator unit, removable as needed. Three 12-foot overhead doors and one dock-high door ensure efficient loading and unloading. The well-appointed front office area features three private offices, a breakroom, an open conference space, and two restrooms. Ample parking is available, enhanced by several existing 30-amp plug-in stations. The property's zoning is B-1, and its convenient location off Route 150, near interstates 74, 55, and 39, provides excellent access to major transportation routes. The APN is 20-01-200-036. This single-tenant property offers significant potential for a variety of businesses seeking a well-maintained, strategically located industrial space in a thriving Illinois market. The property's size and features make it suitable for expansion.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Construction FRAME
Total area 7,000 SF
Lot 3.27 ac (142,441 SF)
APN 20-01-200-036
UPID US28-3272584

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Department Store

Location

2402 Market St Bloomington, IL 61705-5146
Bloomington metro Census 6000 BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.09M
Comparable Approach Comparable
$942k
Blend (final) Blend
$360k

Owner & transaction history

since 2025
Last sale
$950,000
5 recorded transactions
2025
$950,000
2024
$360,000
2022
Price N/A
2021
Price N/A
2020
Price N/A

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
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