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1602 Glasson Street

1602 Glasson Street, Bloomington, IL 61704
Commercial in Bloomington City
2 Units For Sale
Unit for sale at 1602 Glasson Street, Bloomington, IL 61704

$250,000

  • Commercial
  • 9,660 ft²
1602 Glasson Street #4, Bloomington, IL 61704 Listing by Nicholas Butzirus

Unit for sale at 1602 Glasson Street, Bloomington, IL 61704

$750,000

  • Commercial
  • 9,660 ft²
1602 Glasson Street #3, Bloomington, IL 61704 Listing by Nicholas Butzirus

1602 Glasson Street has been categorized by the local assessors in Bloomington, IL as a commercial type of property. The building on the property was first built in 2006 and is 18 years old. There are 13 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1602 Glasson Street has 11,914 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a building with no basement that is 11,914 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,590 ft and across the front of the lot is 3,770 ft. The area measurement of the land has been determined as 59,241 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of brick veneer. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with a evaporative cooler at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $41,775 in taxes each year. 1602 Glasson Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $472,783. If we break it down further, the land itself was valued at $123,911. Improvements to the property, however, were assessed at a total of $348,872. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230909
09/09/2023
Loft
-
9660 ft²
$1,000,000
bedrooms
Loft
bathrooms
-
square feet
9660 ft²
-
-
-
Nick Butzirus
Main Street Brokers
20170411
04/11/2017
Studio
-
7228 ft²
-
bedrooms
Studio
bathrooms
-
square feet
7228 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 13
  • Partial Bathrooms: 13
  • Bathroom Plumbing Fixtures: 38
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Floor Cover: Tile
  • Basement Type: Building with no basement
  • Basement Area: 11,914
  • Garage Type: Underground/basement
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 59,241
  • Lot Size Depth Feet: 1,590
  • Lot Size Frontage Feet: 3,770
  • Total Building Area: 23,828
  • Gross Building Area: 23,828
  • Building Area: 23,828
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Evaporative cooler
  • Heating: Forced air unit
  • Heated Square Feet: 11,914
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: IRELAND GROVE ROAD SUB
  • Land Acres: 1.36
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: THE LINKS AT IRELAND GROVE ROAD SUB LT 301

Ownership

  • Ownership Rights Codes: Contract Owner
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: McLean County Unit School District 5
  • School Tax School District: 005
  • Census Tract: 005401

Geography

  • District: 40
  • Parcel: 22-18-202-001
  • Lot: 301
  • Meridian: SEC 18 TWN 23N RNG 03E
  • Municipality: CITY OF BLOOMINGTON
  • Latitude: 40.4579
  • Longitude: -88.9068

    Address

  • Full Address: 1602 Glenbridge Rd
  • Address - House Number: 1602
  • Address - Street Name: Glenbridge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Bloomington
  • Carrier Code: R045
  • 4-Digit Zip Code: 8602
  • Zip Code: 61704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $41,775
  • Tax Rate Code Area: 4008

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $958,000
  • First Open Lien Mortgage Lender: UNITED STATES SMALL BUSINESS A
  • First Open Lien Mortgage Recording Date: Aug 02, 2012
  • First Open Lien Mortgage Loan Amount: $958,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $1,418,349
  • Market Land Value: $371,733
  • Market Improvement Value: $1,046,616

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $472,783
  • Assessed Land Value: $123,911
  • Assessed Improvements Value: $348,872

About Bloomington



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1602 Glasson Street located in?
The 1602 Glasson Street is a commercial located in the neighborhood of Bloomington City in Bloomington, Bloomington.
How many listings are currently for sale in 1602 Glasson Street?
There are two listings currently on the market for sale.
What is the average sales price for listings in 1602 Glasson Street?
The average sales price for units in 1602 Glasson Street is $500,000 , or $52/sqft. currently.

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