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608-612 N. Main, Bloomington
This fully leased mixed-use property offers a compelling investment opportunity in the heart of Bloomington’s revitalized Downtown district. Featuring 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 is located on North Main Plaza in Downtown Bloomington, which has been transformed into an event space for community gatherings. 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.
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.
Highlights
2 Commercial Units
- 608 N. Main St: Restaurant Space: Approx. 1,936 SF + 1,408 SF Basement
- 610-612 N. Main St.: Commercial Bar Space: Approx. Approx. 4,136 SF + 3,000 SF Basement (Bar Capacity: Approximately 100 Seats)
4 Apartment Units
- 608 N. Main St.
- Unit A: (1)-Bed unit with new floors, paint, countertop and décor in 2024. Approx. 500 SF
- Unit B: (1)-Bed unit, remodeled in 2022. Approx. 450 SF
- 610-612 N. Main St.
- 3rd Floor: 3-Bed Loft with new central AC in 2025 and new paint and décor (2025). Approx. 3,564 SF.
- 2nd Floor: 3-Bed Loft with new furnace in 2025. New kitchen, bath, carpet, paint, doors and décor in 2023. Approx. 3,564 SF.
Listing Agents
Highlights
2 Commercial Units
- 608 N. Main St: Restaurant Space: Approx. 1,936 SF + 1,408 SF Basement
- 610-612 N. Main St.: Commercial Bar Space: Approx. Approx. 4,136 SF + 3,000 SF Basement (Bar Capacity: Approximately 100 Seats)
4 Apartment Units
- 608 N. Main St.
- Unit A: (1)-Bed unit with new floors, paint, countertop and décor in 2024. Approx. 500 SF
- Unit B: (1)-Bed unit, remodeled in 2022. Approx. 450 SF
- 610-612 N. Main St.
- 3rd Floor: 3-Bed Loft with new central AC in 2025 and new paint and décor (2025). Approx. 3,564 SF.
- 2nd Floor: 3-Bed Loft with new furnace in 2025. New kitchen, bath, carpet, paint, doors and décor in 2023. Approx. 3,564 SF.