814 Main StBloomington, IL 61701

Property Details for 814 Main St

Year built

2012

Construction

FRAME

Lot size

0.76 AC

Property size (Sq ft)

3,333 SF

Property type

Commercial real estate

APN

21-04-132-012

APU

2104132012

Description

This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 3,333 square-foot car wash in Bloomington, Illinois. The property boasts a 5.75% cap rate and a strong $228,901 net operating income (NOI). Currently operating at 100% occupancy, the property features a corporate-guaranteed, absolute NNN lease with a prominent national tenant, providing zero landlord responsibilities. Built in 2012, this well-maintained car wash sits on a 0.76-acre lot with 14 parking spaces and benefits from a prime location on a signalized, hard-corner intersection of a major retail thoroughfare. The lease includes annual rent bumps throughout the initial term and each of the four 5-year option periods, ensuring consistent income growth and inflation protection. The property enjoys excellent visibility and strong tenant synergy with nearby national retailers, including Kroger, Kohl's, and Dick's Sporting Goods, within a densely populated trade area featuring over 130,000 residents and 107,095 employees, with an average household income exceeding $98,631. The proximity to Illinois Wesleyan University further enhances the property's appeal. This is a truly passive, management-free investment opportunity with significant long-term potential. The property's APN is 21-04-132-012 and is zoned for commercial use.

• Alternative Use

  Use

  Valuation

  Residential

  $688,844

  Hospitality

  $630,978

  Educational

  $524,966

  Medical

  $543,020

  Retail

  $816,614

Location Insight

City

Bloomington

County

Mclean

State

Illinois

Latitude

40.4864

Longitude

-88.9944

CBSA code

14010

CBSA name

BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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