Opportunity abounds at this property, with a blank canvas, the possibilities are endless. Build a 4-unit multifamily, create a restaurant, establish a senior living facility (property has the potential to rezoned to mixed use after purchase), or reimagine this incredible structure as a stunning custom estate. Set on an exceptionally rare, highly sought-after 1.14-acre parcel in the heart of East Bloomington, this property offers unmatched space and geographic prestige. Featuring a substantial footprint of over 3,500 square feet of all-on-one-level ranch living, boasting four expansive bedrooms, 2 full bathrooms, two half-baths, and massive, open-concept living spaces anchored by a striking double-sided fireplace. Ready for updates and complete customization, the interior acts as the ultimate blank canvas for an investor, business owner, or ambitious homeowner looking to execute a high-end renovation. Offering incredible visibility, premium Unit 5 school zoning, and seamless access to local commerce, this versatile property represents a generational investment opportunity to build, renovate, or develop your vision on Ireland Grove Road. The seller is planning to hold all offers through August 3rd and is looking for the highest and best price. The property is currently unincorporated in Mclean County, however the annexation and subdivision plans have been submitted to the city of Bloomington -- currently waiting on approval. Sale is contingent on annexation and subdivision of the property.
19 days
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16,991
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1,310
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Zillow last checked:
Listing updated:
Listed by:
Tracy Lockenour309-222-1792,
HomeSmart Realty Group Illinois,
Brady Lockenour309-397-5544,
HomeSmart Realty Group Illinois
Source: MRED as distributed by MLS GRID,MLS#: 12706118
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Full bathrooms: 2
1/2 bathrooms: 2
Rooms
Room types: Bonus Room
Primary bedroom
Features: Bathroom (Full)
Level: Main
Area: 200 Square Feet
Dimensions: 10X20
Bedroom 2
Level: Main
Area: 192 Square Feet
Dimensions: 12X16
Bedroom 3
Level: Main
Area: 168 Square Feet
Dimensions: 12X14
Bedroom 4
Level: Main
Area: 156 Square Feet
Dimensions: 12X13
Bonus room
Level: Main
Area: 575 Square Feet
Dimensions: 25X23
Dining room
Level: Main
Area: 180 Square Feet
Dimensions: 15X12
Family room
Level: Main
Area: 228 Square Feet
Dimensions: 12X19
Kitchen
Level: Main
Area: 253 Square Feet
Dimensions: 11X23
Laundry
Level: Main
Area: 70 Square Feet
Dimensions: 7X10
Living room
Level: Main
Area: 494 Square Feet
Dimensions: 26X19
Heating
Propane
Cooling
Central Air
Features
Basement: Cellar,Partial
Number of fireplaces: 1
Fireplace features: Double Sided, Family Room, Living Room
Interior area
Total structure area: 3,909
Total interior livable area: 3,509 sqft
Property
Parking
Parking features: Gravel
Accessibility
Accessibility features: No Disability Access
Features
Stories: 1
Lot
Size: 1.14 Acres
Dimensions: 250x198x250x198
Details
Parcel number: 2113200006
Special conditions: None
Construction
Type & style
Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence
Materials
Brick, Wood Siding
Condition
New construction: No
Year built: 1992
Utilities & green energy
Sewer: Septic Tank
Water: Well
Community & HOA
Community
Subdivision: Not Applicable
HOA
Services included: None
Location
Region: Bloomington
Financial & listing details
Price per square foot: $28/sqft
Tax assessed value: $346,476
Annual tax amount: $8,739
Date on market: 7/16/2026
Ownership: Fee Simple
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$3,132/mo
Price history
Date
Event
Price
3/10/2025
Sold
$311,000+5.8%$89/sqft
Source: MRED as distributed by MLS GRID #12263921Report a problem
2/6/2025
Contingent
$294,000$84/sqft
Source: MRED as distributed by MLS GRID #12263921Report a problem
2/4/2025
Listed for sale
$294,000$84/sqft
Source: MRED as distributed by MLS GRID #12263921Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.