571 Bloomfield Ave, Montclair, NJ 07042 - Photo 1

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$3,000,000 -$500,000 (-14.29%) Price Reduced

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Property Description

Restaurant has 10 year lease with 2 five-year options, which is now in its second year. Commercial lease has 3% increases built in every year. The six apartments rent easily due to the phenomonal location. Seller is very motivated. Bring all offers.

Full Property Details

Full Property Details for 571 Bloomfield Ave

General

Price: $3,000,000
Taxes: $37,512 (2025)
Status: Active
Type: Business
Source: Garden_State
MLS ID: 4016337
Updated: 7/17/2026
Added to Site: 128 day(s) ago

Business

Includes: Building & Land

Rooms

Bathrooms

Total Bathrooms: 6
Restrooms: 8

Additional Information

Equipment: Appliances, Fire Alarm, Kitchen Area, Refrigeration Unit, Restrooms - Private, Restrooms - Public, Smoke Detector, Sprinkler System

Parking

Total Spaces: 50
Parking: Parking Lot-Shared

Location

County: Essex
Driving Directions: Corner of Bloomfield Ave and Maple Plaza; one block west of Park Street.
Location Details: Business District

Heating & Cooling

Cooling Type: Central Air Conditioning, Window A/C(s)
Heating Type: Electric Baseboard
Heating Fuel: Electric

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Electric, Natural Gas, Cable TV Available, Garbage Included, Internet Available

Structural Information

Construction: Brick/Block, Metal Frame
Exterior Const.: Brick/Block, Composition Shingle
Basement: Yes
Basement Desc.: Finished-Partially
Roof: Flat
Ceiling Height: 10
Door Dimensions: 7
Stories in Building: 3
Square Feet: 10,000
Aprox. Leasable: 10,000 Sq. Ft.
Year Built: 1928
Remodeled/Updated: 2025

Unit Information

1 Bedroom Units: 4
2 Bedroom Units: 2
Units w/Full Bath: 6

Lot Features

Lot Size: 25X101 IRR
Zoning: Mixed Use

Financial Considerations

Price Per Sq. Ft.: $350
Assessment Amount: $1,066,900
Land Assmt: $346,600
Tax Amount: $37,512
Tax Year: 2025
Pays Utilities: Tenant

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Income & Expenses, Leases, Survey Available
APN: 1613-02210-0000-00004-0000-
Block: 2210
Lot Number: 4

Listed by Village Square Realtors

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Schools

Schools serving 571 Bloomfield Ave

School District:Montclair Town School District

Name	Grades	Distance
Hillside Elementary School, Montclair, NJ 54 Orange Road, Montclair, NJ 07042	3-5	0.2 mi
Charles H Bullock School 55 Washington Street, Montclair, NJ 07042	K-5	0.6 mi
Edgemont Elementary School 20 Edgemont Road, Montclair, NJ 07042	K-5	1 mi
Renaissance Middle School 176 North Fullerton Avenue, Montclair, NJ 07042	6-8	0.5 mi
Glenfield Middle School 25 Maple Avenue, Montclair, NJ 07042	6-8	0.8 mi
Mt Hebron Middle School 173 Bellevue Ave, Montclair, NJ 07042	6-8	1.9 mi
Montclair High School 100 Chestnut Street, Montclair, NJ 07042	9-12	0.6 mi
Nishuane Elementary School 32 Cedar Avenue, Montclair, NJ 07042	PK-2	1.1 mi
Watchung Elementary School, Montclair, NJ 14 Garden Street, Montclair, NJ 07042	K-5	1.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 571 Bloomfield Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/17/2026

Price Reduced

$3,000,000

-14.29%

MLS

3/12/2026

Listed

$3,500,000

66.67%

MLS

1/20/2022

Sold

$2,100,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 571 Bloomfield Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$40,201

$1,066,900

—

2023

$38,686

$1,066,900

—

2022

$37,566

$1,066,900

—

2021

$36,413

$1,066,900

—

2019

$35,389

$1,066,900

—

2018

$34,770

27%

$1,066,900

52%

2017

$27,482

$700,000

—

2016

$26,978

$700,000

—

2015

$24,682

$700,000

—

2013

$23,107

—

$700,000

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 571 Bloomfield Ave

571 Bloomfield Ave, Montclair, NJ 07042 (MLS# 4016337) is a Business property. 571 Bloomfield Ave is currently listed for $3,000,000 and was received on March 12, 2026. Want to learn more about 571 Bloomfield Ave? Do you have questions about finding other Business real estate for sale in Montclair? You can browse all Montclair real estate or contact a Coldwell Banker agent to request more information.

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571 Bloomfield Ave Montclair, NJ 07042