Restaurants for sale in Bloomington, Illinois, offer a unique investment opportunity in a city with a rich history and diverse economy. With a population of around 170,000 in the Bloomington-Normal metropolitan area, there is a steady demand for dining options. Restaurants can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to a range of tastes and preferences. Bloomington's amenities, such as the Miller Park Zoo and the Bloomington Ice Center, attract visitors and locals alike, creating a potential customer base for restaurants. The city's infrastructure, including Interstate 55 and Interstate 74, makes it easily accessible, and its location near Illinois Wesleyan University provides a steady stream of students and faculty looking for dining options. Additionally, the presence of major companies like State Farm and Country Financial contributes to the local economy, making Bloomington an attractive location for businesses. The city's convention center at the McLean County Fairgrounds and Grossinger Motors Arena also host events that draw visitors, further increasing the demand for restaurants.
With 1 restaurants for sale in Bloomington, investors have a range of options to choose from. The average price per square foot for restaurants in Bloomington is $53 USD, and the average size is 5,574 square feet, with the largest size being 5,574 square feet. The average cap rate for restaurants in Bloomington is. In addition to restaurants, Bloomington also offers other investment opportunities, such as apartment buildings, which can provide a steady stream of rental income. Shopping centers, like the ones found in Downtown Bloomington, offer a mix of retail and dining options. Specialty properties, such as the Bloomington Center for the Performing Arts, provide unique investment opportunities. Hotels, like those found near the Central Illinois Regional Airport, cater to visitors and business travelers. Overall, Bloomington's diverse economy and range of investment opportunities make it an attractive location for businesses and investors.
What is the average cost per square foot for a restaurant in Bloomington?
According to current listings, the average cost per square foot for a restaurant in Bloomington is $53 USD per square foot, with an average size of 5,574 square feet and a largest size of 5,574 square feet, providing a range of options for entrepreneurs and investors looking to establish or expand their culinary ventures in this city.
What factors determine the value of a restaurant for sale in Bloomington?
The value of a restaurant for sale in Bloomington is determined by several key factors, including:
- Location, with proximity to major employers like State Farm and Country Financial, as well as Illinois Wesleyan University, being highly desirable;
- The restaurant's size, with an average size of 5,574 square feet, and a largest size of 5,574 square feet, affecting its capacity and potential revenue;
- The restaurant's financial performance, including its average cap rate of , which can impact its value and attractiveness to potential buyers.
