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Ken Wilber Of Wilber Group Acquires Office Building In Bloomington For $1.5M

Property Image
SOLD
$1,500,000
Meghan O’Neal-Rogozinski
Laura Pritts

Illinois

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Office13,840 SF
Sold 06/02/2025
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Property Image
SOLD

Ken Wilber Of Wilber Group Acquires Office Building In Bloomington For $1.5M

421 Detrolt Drive

See Similar Deals
Office13,840 SF
Sold 06/02/2025
Meghan O’Neal-Rogozinski
Laura Pritts
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$108
Total Square Footage:13,840 SF
Transaction Type:Sale

An office building located at 421 Detroit Drive in Bloomington was sold for $1,500,000. This property has a total area of 13,840 square feet, translating to a price per square foot of $108.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,500,000
  • Address: 421 Detroit Drive
  • Market: Bloomington
  • Square Footage: 13,840
  • Price Per Square Foot: $108
  • Buyer: Ken Wilber - Wilber Group
  • Brokers: Laura Pritts & Meghan O’Neal-Rogozinski - AXIS 360 Commercial Real Estate Specialists

The transaction involved Ken Wilber, who represented Wilber Group, an insurance claims recovery firm. Laura Pritts and Meghan O’Neal-Rogozinski of AXIS 360 acted as brokers in the deal, with Pritts representing the seller and O’Neal-Rogozinski advising Wilber on the transaction.

Players

Meghan O’Neal-Rogozinski
AXIS 360 Commercial Real Estate Specialists
Meghan O’Neal-Rogozinski
8 deals$11M volume
BROKER
Laura Pritts
AXIS 360 Commercial Real Estate Specialists
Laura Pritts
2 deals$2.8M volume(309) 824-0507
BROKER

Details

SOLD
IMAGE: Ken Wilber, Meghan O’Neal-Rogozinski & Laura Pritts DATE: 06/02/2025 ADDRESS: 421 Detrolt Drive MARKET: Bloomington ASSET TYPE: Office BUYER: Ken Wilber - Wilber Group (@TheWilberGroup) BROKERS: Laura Pritts & Meghan O’Neal-Rogozinski (@MeghanRogozinski) - AXIS 360 Commercial Real Estate Specialists (@Axis360cre) SALE PRICE: $1,500,000 SF: 13,840 ~ PPSF: $108 NOTE: AXIS 360 brokered the $1.5 million sale of a 13,840-square-foot office building at 421 Detroit Drive in Bloomington to Wilber Group, an insurance claims recovery firm. Laura Pritts represented the seller, while Meghan O’Neal-Rogozinski advised Wilber on the deal.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
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