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Listing provided courtesy of CORE 3 Commercial Real EstateMREDas Distributed by MLSGrid- MLS# 12530807MLS Provider

1314-1316 E Empire StreetBloomington, IL 61701

Commercial · 11,527 Sq. ft. | 1.12 Acres
$495,000 Active

1314-1316 E Empire Street Overview

Time on Site:
199 days
Visits:
1

The 4-unit building, located at 1316 E. Empire, is available for sale. Located in a central location along one of the busiest thoroughfares in Bloomington, the building offers a new owner the opportunity to take on a unique building with multiple tenants. Suite A was renovated within the last few years and is currently leased out to a beauty salon. The upstairs suite houses the city's only escape room, featuring a variety of rooms for the whole family, and Suite C is currently leased out to a dance studio who has occupied the suite for close to eight years. The property does have one 2,100 SF vacancy and could be perfect for another retail or office user, or even an owner occupier. The property's lot does extend beyond the building and includes two rows of parking on the lower level.

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1314-1316 E Empire Street Facts & Features

  • Type Commercial
  • Sq. ft. 11,527
  • Price/Sq.ft. $43
  • Lot 1.12 Acres

Details

General

Income/Expenses

  • Gross Income: 83377
  • Gross Scheduled Income: 105609
  • Net Operating Income: 9865
  • Operating Expense: 95744

Building Information

  • Year Built: 1980

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: McLean
  • MLS Area Major: Bloomington

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer, Trash Collection

Tax Information

  • Tax Annual Amount: $14,535.00
  • Tax Year: 2024

General Information

  • Parcel Number: 1434480031
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 11527

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 0
  • Stories: 2

Unit Information

  • Unit SqFt.: 11500

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 1.12
  • Lot Size Dimensions: 260x205x176x138x50
  • Lot Size Square Feet: 48787

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 4

1314-1316 E Empire Street Neighborhood

Community

61701 (Bloomington) Demographics

35
Median Age
3,134
Population Density (per sq. mile)
40%
College Educated
$47,773
Estimated Median Income
8,369
Estimated Total Home Owners
6,828
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1314-1316 E Empire Street Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1314-1316 E Empire Street Market Data

Based on the last 30 days in this zip code

$270,038
Average List Price
$120
Average Price per Square Foot
34
Properties Sold
44
Average Days on Market
96
Properties for Sale
Calculations provided by Reliance Network

1314-1316 E Empire Street History

Date Event Value Agent
2/9/2026Source: MRED Status Change
Active
2/4/2026Source: MRED Status Change
Re-activated
1/8/2026Source: MRED Status Change
Contingent
12/18/2025Source: MRED Status Change
Active
12/12/2025Source: MRED Added to Database
December 12, 2025