207 W Jefferson St - Office FOR SALE


Bloomington, IL 61701- Downtown Bloomington
$2,900,000 USD
309-590-7900
207 W Jefferson St, Bloomington, IL for Sale
$2,900,000 USD
Office - FOR SALE
1/20
null | 11.01% Cap Rate

207 W Jefferson St
Bloomington, IL 61701
Downtown Bloomington


OVERVIEW

Discover the opportunity to own a piece of Bloomington's rich history with this iconic commercial building located at 207 W. Jefferson Street, originally constructed in 1902 as a hotel that served the community for 75 years. This beautifully restored property, now transformed into vibrant commercial office space, stands proudly as a testament to the past while offering modern functionality for today’s businesses. Located in the heart of downtown Bloomington, the Illinois House sits just steps from the courthouse, government offices, restaurants and local retail. This prime property offers an unmatched opportunity to invest in both the history and future of downtown Bloomington. The city of Bloomington has new plans for its downtown area with the ‘Downtown for Everyone’ revitalization plan that will highlight newly designed sidewalks, bike lanes, and street layouts, enhanced outdoor dining spaces, interactive features on Museum Square and more! Featuring 6 floors of versatile office space, plus a spacious basement, the Illinois House is home to over 35 separate units, currently housing 27 diverse tenants offering a wide range of services from psychology and law to marketing and non-profits. The owner has taken great care of the building over the course of his tenure and the strong sense of ownership and pride is visible throughout. From the moment you walk into the building, you’ll feel the timeless energy and strong sense of community that has defined this space for decades. The original marble staircase and classic hardwood details serve as a reminder of the building's storied past, while the renovated office units offer modern amenities for a diverse range of businesses. Whether you're looking for a long-term investment or a unique space for your business, this historic gem provides exceptional opportunities for growth and connection in a thriving downtown location. Information regarding rent roll and financials for the Illinois House is available on request. Please reach out with further questions and to experience the charm and character of this historic Bloomington landmark.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$33 USD /SF

CAP RATE

11.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

D-1

APN/PARCEL ID

21-04-327-003

ASK ABOUT THIS PROPERTY

Carrie TrollSVN | Core 3More Info
309-590-7900

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Carrie TrollSVN | Core 3More Info
309-590-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.