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Bloomington 61704
14 Finance Drive
$250,000
● Land - Off Market

14 Finance Drive

Bloomington, IL 61704
bedrooms
Studio
bathrooms
0 Bath
$256,431
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Now available for sale - 1.48 acres of commercial zoned land, commonly known as 14 Finance Drive.  The lot sits on a culdesac, just minutes off Veteran's Parkway and the I-55/I-74 exchange on the south end of Bloomington.  Join fellow small businesses in the area like Lil Beaver Brewery, MassVR and Pizza Payaa, and The Chocolatier and create a building perfect for your business or investment.  Formerly 2 lots that the City combined into one parcel, the owner would be open to selling as two separate lots.
Unit Size
-
Days on Market
-
Land Size
1.48 acres
Price per sqft
-
Property Type
Land
Property Taxes
$513
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11483664)

Price History

Date / Event Date Event Price
Aug 30, 2023 Sold
Premium
Sold
Aug 4, 2022 Listed by CORE 3 Commercial Real Estate $257,875
Listed by CORE 3 Commercial Real Estate

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 36,154
  • Lot Size Depth Feet: 2,200
  • Lot Size Frontage Feet: 830
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: COMMERCE PARK SUB
  • Land Acres: 0000000830
  • Standard Land Use Code: 2000
  • County Land Use Code: 0060
  • Legal Description 1: COMMERCE PARK SUB 28TH ADDN LOT 37 & PT LOT 36 (EX BEG NW COR, E174.17, S69.58, NW187.55 TO POB)

Neighborhood

  • School District Name: Bloomington School District 87
  • School Tax School District: 005
  • Census Tract: 001103

Geography

  • District: 40
  • Parcel: 21-15-128-024
  • Lot: 37,36
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4563
  • Longitude: -88.9768

    Address

  • Full Address: 14 Finance Dr
  • Address - House Number: 14
  • Address - Street Name: Finance
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Bloomington
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $664,584
  • Tax Rate Code Area: 4008

    Market Valuation

  • Market Total Value: $225,639
  • Market Land Value: $225,639

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,213
  • Assessed Land Value: $75,213

    Sales

  • Current Sale Contract Date: Aug 30, 2023
  • Current Sale Recording Date: Sep 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12275
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bloomington

Stats & Trends

Median Asking:

$261,000

Sale Price/ft²

$119

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2450 ft²

Average Home Age

60.6 years

Currently For Sale

99 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Carrie Tinucci-Troll, CORE 3 Commercial Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11483664
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 14 Finance Drive built and last sold?
The property at 14 Finance Drive was built in and last sold on Aug 30, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 14 Finance Drive is $0.
What are some comparable homes to 14 Finance Drive?
There are currently no comparable homes to 14 Finance Drive.
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