For Sale
$325,000

516 Main St Bloomington, IL 61701

Grocery Store & Apartments, Great Potential

Property Records

Overview

Added:
Feb 3
Days on market:
85
This unique investment opportunity presents a mixed-use property located at 516 N Main Street in Bloomington, Illinois. The main level currently operates as a grocery store, offering immediate income potential. The building's size is not specified, however, the property includes four separate rental units situated on the upper floor. These units provide additional revenue streams and a diversified income portfolio. The property sits on a lot with no acreage specified. The asking price for this strategically located commercial property is $325,000. This presents a compelling opportunity for investors seeking a blend of established commercial income and rental income potential. The grocery store's existing operations provide a stable foundation, while the residential units offer flexibility and growth potential. The property's location on Main Street in Bloomington offers high visibility and accessibility, making it an attractive proposition for both business and residential tenants. This is an excellent chance to acquire a well-positioned mixed-use building with immediate cash flow and long-term growth prospects. Further due diligence is recommended to fully assess the potential of this investment. The property is being sold as-is.

Property Details for 516 Main St

Property type
Commercial real estate

Location Insight

City
Bloomington
County
McLean
State
Illinois
Latitude
40.48291
Longitude
-88.99406

FAQs

What type of property is this?
Commercial real estate - Grocery Store & Apartments, Great Potential
Where is the commercial real estate located?
The property is located at 516 Main St Bloomington, IL.
What is the asking price?
The asking price for this property is $325,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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516 Main St
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