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808 Eldorado Rd 23 Bloomington, IL 61704-6071

OFF-MARKET Commercial real estate Google Maps
13,713 SF 0.55 ac lot Built 1974
Entity Owned 2-yr Hold Free & Clear
Estimated value (blended)
$175k
Range $158k – $193k (±10%)
Property ID US28-0485994

Property summary

AI-generated overview

This exceptional two-story, 13,713-square-foot office building, located at 808 S. Eldorado Road in Bloomington, Illinois, presents a compelling investment opportunity. Built in 1974, this Class B property sits on a 1.66-acre lot and is zoned B-1. The building features 18 individual suites, offering flexibility for businesses of various sizes. Currently, there are two vacancies totaling 1,500 square feet, including a smaller private office and a larger 1,500 square foot unit. The property boasts a prime location near Veterans Parkway, providing convenient access to a variety of retail and dining options. Ample parking is available for tenants and visitors. The property's multiple tenancy structure provides a diversified income stream. The building's address is 808 S. Eldorado Road, Bloomington, IL 61704 (APN: 21-11-257-005). This is a traditional office building in McLean County, offering a strong foundation for business growth and stability. The property's location and existing tenant base make it an attractive option for businesses seeking to establish or expand their presence in the Bloomington area. The available space presents a unique opportunity for businesses seeking a well-located, functional office space.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1974
Construction FRAME
Total area 13,713 SF
Lot 0.55 ac (24,046 SF)
APN 21-11-257-002
UPID US28-0485994

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
  • Employment Agency
  • Medical Clinic
  • Medical Clinic
  • Medical Clinic
  • Physician Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$175k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2024
Last sale
$175,000
5 recorded transactions
2024
$175,000
2021
$695,000
2020
Price N/A
2020
Price N/A
2005
$670,000

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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