2401 Maloney DrBloomington, IL 61704

Property Details for 2401 Maloney Dr

Year built

2005

Construction

FRAME

Lot size

1.06 AC

Property size (Sq ft)

13,000 SF

Property type

Commercial real estate

APN

21-02-255-001

APU

2102255001

Description

This exceptional investment opportunity presents a 13,000-square-foot freestanding storefront building in Bloomington, Illinois, currently occupied by Friar Tuck Beverage under a Net Lease (NNN) agreement. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $135,585. The tenant, Friar Tuck Beverage, has a long-standing presence at this location, having operated there since the building's construction in 2005, and has demonstrated commitment through multiple lease renewals. The lease has approximately 1.4 years remaining, expiring March 31, 2026. Situated on a 1.06-acre lot (APN 21-02-255-001) with B-1 zoning, the property enjoys a prime location just one block from Veterans Parkway, a high-traffic thoroughfare with daily counts exceeding 40,000 vehicles. This vibrant commercial area is anchored by numerous national retailers, including Starbucks, Krispy Kreme, Chipotle, and others. Bloomington/Normal, with a population exceeding 150,000, benefits from its central location between Chicago, St. Louis, and Indianapolis, and is home to major employers such as State Farm and Country Financial, as well as significant recent additions like Rivian Automotive and Ferrero Chocolates manufacturing facilities. The area also thrives with the presence of Illinois Wesleyan University and Illinois State University. The asking price for this exceptional investment is $1,695,000, translating to a price per square foot of $130.38. This property offers a compelling combination of strong tenant occupancy (100%), a desirable location, and a high-yield return, making it an attractive addition to any investment portfolio.

• Alternative Use

  Use

  Valuation

  Residential

  $2,686,761

  Hospitality

  $2,461,058

  Educational

  $2,047,572

  Medical

  $2,117,991

  Retail

  $3,185,112

Location Insight

City

Bloomington

County

Mclean

State

Illinois

Latitude

40.481

Longitude

-88.9499

CBSA code

14010

CBSA name

BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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