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2217 W Market St 6,398 SF Retail Building Bloomington, IL 61705 $1,225,944 CAD ($191.61 CAD/SF)
Investment Highlights
- Located at a signalized intersection with strong traffic exposure along Market Street.
- Positioned near major retailers, restaurants, and hospitality options, ensuring steady consumer activity.
- Close to Rivian’s 7,400-employee facility and Illinois State University with over 21,000 students.
- Four existing drive-thru lanes suitable for banking or quick-service retail operations.
- Easy access to Interstates 55 and 74, providing regional connectivity.
Executive Summary
This former bank branch offers a unique opportunity for investors or owner-users seeking a well-positioned property in Bloomington, Illinois. Situated on a 2.05-acre parcel at the NEC of Market Street and JC Parkway, the site provides excellent visibility and accessibility in a growing commercial corridor. The building spans 6,398 square feet and includes four drive-thru lanes, making it adaptable for financial institutions, quick-service retail, or other high-traffic uses.
The property benefits from its proximity to major transportation routes, including Interstates 55 and 74, which connect Bloomington to regional markets. Nearby anchors such as Walmart Supercenter, Tractor Supply, and multiple national quick-service restaurants drive consistent traffic to the area. Additionally, the site is located near Rivian’s manufacturing facility, Illinois State University, and Illinois Wesleyan University, contributing to a strong employment and consumer base.
With a sale price of $900,000, this asset presents a compelling value proposition for buyers seeking a versatile property in a dynamic trade area.
The property benefits from its proximity to major transportation routes, including Interstates 55 and 74, which connect Bloomington to regional markets. Nearby anchors such as Walmart Supercenter, Tractor Supply, and multiple national quick-service restaurants drive consistent traffic to the area. Additionally, the site is located near Rivian’s manufacturing facility, Illinois State University, and Illinois Wesleyan University, contributing to a strong employment and consumer base.
With a sale price of $900,000, this asset presents a compelling value proposition for buyers seeking a versatile property in a dynamic trade area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
6,398 SF
Building Class
C
Year Built
1999
Price
$1,225,944 CAD
Price Per SF
$191.61 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.22 AC
Parking
28 Spaces (4.38 Spaces per 1,000 SF Leased)
Frontage
186’ on Market St
Amenities
- Corner Lot
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-06-101-007 | Improvements Assessment | $393,114 CAD |
| Land Assessment | $132,093 CAD | Total Assessment | $525,207 CAD |
Property Taxes
Parcel Number
21-06-101-007
Land Assessment
$132,093 CAD
Improvements Assessment
$393,114 CAD
Total Assessment
$525,207 CAD
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2217 W Market St
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