608-612 N Main St
Bloomington, IL 61701
Retail Property For Sale

This fully leased mixed-use property offers a compelling investment opportunity in the heart of Bloomington’s revitalized Downtown district. The asset features two commercial units—a restaurant and a commercial bar—along with four updated residential units, ensuring diverse income stability. Major capital improvements have been completed recently, including new roofing, rebuilt sprinkler systems, HVAC upgrades, and extensive residential renovations.
The property benefits from its prime visibility and pedestrian-friendly location adjacent to North Main Plaza, which has been transformed into an event space attracting community gatherings and high foot traffic. Commercial suites include a well-positioned restaurant space and an expansive bar with seating for approximately 100 patrons. Residential units have undergone significant interior updates such as new kitchens, bathrooms, flooring, and systems between 2022 and 2025, appealing to tenants seeking quality living standards.
With a cap rate of 7.54% and a net operating income of $105,236, this property blends stable cash flow with future appreciation potential in an area supported by strong community development and entertainment activity. Its proximity to Illinois Wesleyan University, key roadways, and the local business ecosystem reinforces its long-term investment value.