801 Main StBloomington, IL 61701

  • Commercial real estate
  • 5,574 SF
For Sale
$295,000 View listing

Property Details for 801 Main St

Construction
FRAME
Lot size
0.14 AC
Property size (Sq ft)
5,574 SF
Property type
Commercial real estate
APN
21-09-138-004
APU
2109138004

Description

This thriving bar and grill, located at 801 S Main St in Bloomington, Illinois, presents a fantastic investment opportunity. The property boasts a substantial 5,574 square feet of space, perfectly suited for its current use and offering ample room for expansion or creative repurposing. The asking price is $295,000, translating to a price per square foot of $52.92. The property operates under B-1 zoning, ensuring flexibility for various commercial uses. The address is easily accessible and situated in a high-traffic area, guaranteeing excellent visibility and customer flow. The property includes multiple APNs: 21-09-138-001 & 004 and 21-09-133-012, indicating a potentially larger land parcel than initially suggested by the building size. This free-standing building offers a unique opportunity to own a well-established business in a desirable location. The property's prime location in McLean County, Illinois, with a zip code of 61701, ensures easy access to a large customer base. The existing infrastructure and established clientele provide a solid foundation for continued success and potential growth. This is an exceptional chance to acquire a turnkey operation with significant upside potential in a vibrant community. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,152,000
    Hospitality
    $1,055,226
    Educational
    $877,936
    Medical
    $908,129
    Retail
    $1,365,678
801 Main St, Bloomington, Illinois

Location Insight

City
Bloomington
County
Mclean
State
Illinois
Latitude
40.472
Longitude
-88.9936
CBSA code
14010
CBSA name
BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,796
$16,893
$100,316
$117,209
-
$50,679
$300,948
$351,627

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