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306 Greenwood Ave Bloomington, IL 61704-7204

OFF-MARKET Commercial real estate Google Maps
1 ac lot
Entity Owned 6-yr Hold Free & Clear
Estimated value (blended)
$265k
Range $239k – $292k (±10%)
Property ID US28-2303193

Property summary

AI-generated overview

This exceptional commercial property at 306 Greenwood Avenue, Bloomington, IL, presents a unique investment opportunity. Spanning 2,384 square feet, this versatile building seamlessly blends office space and a spacious garage/warehouse area, ideal for a variety of businesses. The property comprises three parcels (302, 304, and 306 Greenwood Avenue) totaling approximately 1.00 acres, sold together as a single unit. Recent upgrades include a new HVAC system (2020), a well motor replacement (2017), updated windows and siding, and a new roof. The building features two bathrooms, two offices, and a substantial 31 x 22 foot mezzanine area. Three overhead doors, two of which are app-controlled, provide convenient access to the warehouse space. Remote-controlled blinds add to the modern conveniences. The property utilizes a well and septic system. A billboard on the property generates supplemental income, currently leased until December 31, 2022, for $3,600 annually. This prime location offers easy access to Highways 74 and 55, situated conveniently off Veterans Parkway. The combined annual property taxes for all three parcels are $11,053.62. This is a sale-only listing

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1 ac (43,560 SF)
APN 21-17-326-008
UPID US28-2303193

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
  • Car Dealership
  • Car Dealership
  • (Bike/Boat/Book/etc) Store
  • Car Dealership
  • Car Dealership

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2020
5 recorded transactions
2020
Price N/A
2015
Price N/A
2014
Price N/A
2011
Price N/A
2005
$225,000

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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