Listed by Axis 360 Commercial Real Estate Specialists
$1,395,000
608-612 N. Main Street, Bloomington
Details
APN 178-011,178-012
Property Type Retail, Multifamily
Sub Type Restaurant, Bar
Square Footage 14,608
Units 6
Cap Rate 7.54%
NOI $105,236
Occupancy 100%
Tenancy Multi
Brand/Tenant Bloom Barista, Wild Oak Social
Year Renovated 2022, 2024
Buildings 2
Zoning D-2
Investment Type Stabilized
Ground Lease No
608-612 N. Main Street, Bloomington, IL 98239-3423
Marketing description
Located on Bloomington's newly transformed Downtown outdoor event space, this property puts tenants and visitors in the heart of local dining, shops, entertainment, and community events.
Investment highlights
2 Commercial Units
- 608 N. Main St: Restaurant Space: Approx. 1,936 SF + 1,408 SF Basement
- 610-612 N. Main St.: Commercial Bar Space: Approx. 4,136 SF + 3,000 SF Basement (Bar Capacity: Approximately 100 Seats)
4 Apartment Units
- 608 N. Main St. Unit A: (1)-Bed unit with new floors, paint, countertop and decor in 2024.
- 608 N. Main St. Unit B: (1)-Bed unit, remodeled in 2022
- 610-612 N. Main St. 3rd Floor: 3-Bed Loft with new central AC in 2025 and new paint and decor (2025).
- 610-612 N. Main St. 2nd Floor: 3-Bed Loft with new furnace in 2025. New kitchen, bath, carpet, paint, doors and decor in 2023.
Updates & Improvements:
- New Roof on 610-612 (2023)
- Rebuilt Sprinkler System (2023)
- Tuckpointing Completed (610-612) 2022
- New Electrical Service & Meter (2021)
- Twin HVAC Systems Installed (2022)
- 608 Restaurant (2024): New Plumbing, New Flooring, New Drywall, Updated Kitchen Electrical & Plumbing, New Walk-In Cooler Compressor, Lower-Level HVAC Improvements
Listing Contacts
Listed by Axis 360 Commercial Real Estate Specialists
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,236.00
$8,769.67/mo
Valuation Metrics
0
DSCR
7.54%
Cap Rate
7.54%
ROI
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