207 Williamsburg DrBloomington, IL 61704

  • Commercial real estate
  • 8,540 SF
For Lease
$12/SF/YR View listing

Property Details for 207 Williamsburg Dr

Year built
2000
Construction
FRAME
Lot size
1.28 AC
Property size (Sq ft)
8,540 SF
Property type
Commercial real estate
APN
21-02-276-034
APU
2102276034

Description

This single-story, 8,540-square-foot freestanding office building, built in 2000, is situated on 1.29 acres at 207 N Williamsburg Dr, Bloomington, IL 61704, near Eastland Drive. The property features 42 parking spaces and is zoned C1 (APN: 21-02-276-034). Previously occupied by the Social Security Administration, this well-maintained building offers significant potential for a variety of uses, including subdivision for multiple tenants. Its prime location in a professional office area, close to major employers like State Farm, Country Financial, Illinois State University, Rivian Automotive, and OSF Healthcare, provides excellent access to a strong workforce. The building benefits from its proximity to the main retail corridor and hospitals. Bloomington-Normal's thriving economy, diverse employment base, and strong college community (Illinois State University, Heartland Community College, and Illinois Wesleyan University) contribute to a desirable and growing market. The area boasts high rankings in livability and startup opportunities, making this property an attractive investment. Annual property taxes are $31,219.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,764,995
    Hospitality
    $1,616,726
    Educational
    $1,345,097
    Medical
    $1,391,357
    Retail
    $2,092,373
207 Williamsburg Dr, Bloomington, Illinois

Location Insight

City
Bloomington
County
Mclean
State
Illinois
Latitude
40.4823
Longitude
-88.9455
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
$30,719
$111,685
$250,886
$362,571
-
$335,055
$752,659
$1,087,714

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