4 beds 4 baths 3,509 sqft
Prime 1.14-Acre Development Opportunity in East Bloomington – Endless Potential for Investors and Visionaries
Unlock Limitless Possibilities in a High-Demand Location
Opportunities like this are exceptionally rare—especially in one of the most desirable and rapidly growing areas of East Bloomington. Situated on a highly sought-after 1.14-acre parcel, this expansive property offers unmatched flexibility for investors, developers, entrepreneurs, and homeowners looking to create something truly special.
Whether you envision building a multi-unit residential development, launching a thriving business, or transforming the existing structure into a luxury custom estate, this property provides the ideal foundation. With its generous lot size, prime visibility, and strategic location along Ireland Grove Road, the possibilities are virtually endless.
This is more than just a real estate listing—it’s a blank canvas ready for your vision.
Property Overview and Key Highlights
This substantial ranch-style property features over 3,500 square feet of interior living space, all conveniently located on a single level. Built in 1992, the home boasts a strong structural foundation and a layout designed for flexibility and customization.
Key Features:
- 4 spacious bedrooms and 4 bathrooms (2 full, 2 half)
- Over 3,500 sq ft of interior living space
- 1.14-acre lot in a prime East Bloomington location
- Expansive open-concept living areas
- Double-sided fireplace connecting major living spaces
- Large bonus room with multiple potential uses
- High visibility for commercial or mixed-use development
- Located within Unit 5 school district
This property is ideal for those seeking space, location, and long-term investment potential.
Interior Layout – Designed for Flexibility and Scale
The interior of this home is defined by its generous proportions and open layout. Every room offers ample space, making it perfect for reconfiguration, renovation, or complete transformation.
Living Room – Grand and Inviting
The oversized living room spans nearly 500 square feet, providing a dramatic and welcoming space for entertaining or relaxing. Large windows allow natural light to fill the room, enhancing its open feel.
At the center of the home is a striking double-sided fireplace, which connects the living room to the family room, creating a cohesive and visually appealing focal point.
Family Room and Shared Living Spaces
The family room offers an additional area for gathering, entertainment, or everyday living. Its connection to the fireplace adds warmth and character, making it a cozy yet spacious environment.
The open flow between the living room, family room, and dining area creates a seamless layout that can easily be adapted to modern design preferences.
Kitchen and Dining Area – Ready for Transformation
The kitchen provides a large footprint with significant potential for upgrades. With over 250 square feet of space, it can be redesigned into a chef’s kitchen, a modern open-concept layout, or even a commercial-grade setup if the property is converted for business use.
Dining Room
Adjacent to the kitchen, the dining room offers ample space for hosting meals and gatherings. Its central location makes it a natural hub within the home.
Bedrooms – Spacious and Versatile
Each of the four bedrooms is generously sized, offering flexibility for various uses.
Primary Suite
The primary bedroom includes a private full bathroom and ample space for customization. With approximately 200 square feet, it can be transformed into a luxurious retreat with modern upgrades.
Additional Bedrooms
The remaining bedrooms range from 150 to nearly 200 square feet, making them suitable for family members, guests, or conversion into office or workspace areas.
Bonus Room – Endless Possibilities
One of the standout features of this property is the massive bonus room, spanning approximately 575 square feet.
Potential Uses:
- Home theater
- Fitness center
- Office or co-working space
- Studio or creative workspace
- Additional living or rental unit
This space alone adds significant value and versatility to the property.
Bathrooms and Functional Spaces
With two full bathrooms and two half-baths, the home is well-equipped for both residential and commercial use. The layout supports high occupancy, making it ideal for multifamily conversion or business operations.
Lot and Outdoor Space – A Rare Find
The 1.14-acre lot is one of the most compelling aspects of this property. In East Bloomington, parcels of this size are extremely rare, especially in such a strategic location.
Lot Features:
- Generous dimensions (approximately 250×198)
- High visibility along Ireland Grove Road
- Ample space for expansion or new construction
- Suitable for residential, commercial, or mixed-use development
This expansive outdoor space provides the flexibility to execute a wide range of projects.
Development and Investment Potential
This property is a true investment opportunity with multiple potential use cases.
Development Options:
- Multifamily Housing
Build a 4-unit or larger residential development to generate rental income. - Restaurant or Retail Space
Take advantage of the property’s visibility and location to establish a successful business. - Senior Living Facility
The single-level layout and spacious design make it ideal for assisted living or senior housing. - Luxury Estate Transformation
Renovate the existing structure into a high-end custom home with expansive grounds. - Mixed-Use Development
Pending rezoning, combine residential and commercial uses for maximum profitability.
Zoning and Future Development Plans
The property is currently unincorporated in McLean County, but annexation and subdivision plans have already been submitted to the City of Bloomington.
Key Points:
- Potential for rezoning to mixed-use
- Sale contingent on annexation and subdivision approval
- Strong future development prospects
Buyers are encouraged to conduct due diligence and explore zoning opportunities to maximize the property’s value.
Utilities and Infrastructure
The property includes essential utilities to support both residential and commercial use.
Utilities Include:
- Septic tank system
- Private well water
- Propane heating
- Central air conditioning
These systems provide a functional base for renovation or redevelopment.
Location Advantages – East Bloomington
Location is one of the most important factors in real estate, and this property excels in that regard.
Benefits of East Bloomington:
- High demand for residential and commercial properties
- Proximity to major roads and highways
- Access to shopping, dining, and services
- Strong economic growth and development
School District – Unit 5 Advantage
The property is located within the highly regarded Unit 5 school district, making it especially attractive for families and residential development projects.
Financial Overview
- Price per square foot: $28/sqft
- Tax assessed value: $346,476
- Annual property taxes: $8,739
These figures reflect the property’s scale and its position in a desirable market.
Ideal Buyer Profile
This property is perfect for:
- Real estate investors
- Property developers
- Business owners
- Entrepreneurs
- Visionary homeowners
Lifestyle and Business Opportunities
Owning this property allows you to:
- Create a custom living environment
- Develop income-generating properties
- Establish a business in a high-visibility location
- Build long-term wealth through real estate
Important Notes for Buyers
- Seller is holding offers until August 3rd
- Highest and best offer will be considered
- Sale is contingent on annexation and subdivision
- Buyers should perform full due diligence
Final Thoughts – A Generational Investment Opportunity
This 1.14-acre property in East Bloomington represents a rare chance to secure a large, versatile parcel in a prime location. With over 3,500 square feet of interior space, expansive outdoor land, and strong development potential, it offers unmatched opportunities for growth and customization.
Whether you’re planning to build, renovate, or develop, this property provides the perfect foundation for your vision. Its combination of location, size, and flexibility makes it a standout investment in today’s market.
Don’t miss your chance to capitalize on this exceptional opportunity. Properties like this are rarely available—and when they are, they don’t last long.
Take the next step today and turn your vision into reality.
Listed on Zillow
