1006 Jc PkwyBloomington, IL 61705

For Sale
$1,500,000

Value-add shopping center, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This 13,760 square foot, single-story shopping center in Bloomington, IL, presents a compelling value-add investment opportunity. Located at 1006 J C Pkwy, this multi-tenant property boasts a prominent location just off the I-74/I-55 interchange, less than five minutes from Rivian Automotive and downtown Bloomington. Currently at 21% occupancy, the seven-unit center is anchored by a Cookies cannabis dispensary and enjoys a shadow anchor position near a Walmart. Built in 2005, the property sits on a 1.26-acre lot and is zoned B1. The strong economic drivers of Bloomington-Normal, including major employers like State Farm, Country Financial, Rivian Automotive, and Illinois State University, contribute to a robust market. The area's thriving college community and its national recognition as a desirable place to live further enhance the investment potential. The property's NNN lease structure offers a passive income stream. Detailed financial information, including NOI and lease terms, is available upon request. This is an exceptional opportunity to capitalize on the growth and stability of a dynamic market. The property offers significant upside potential through increased occupancy and lease rate adjustments. This is a rare chance to acquire a well-situated retail center in a high-growth area.

Highlights

  • $1,500,000 asking price for a value-add retail shopping center.
  • 13,760 square feet on a 1.26-acre lot in Bloomington, IL.
  • Multi-tenant property with 7 units and 21% occupancy.
  • NNN lease type, single-story building constructed in 2005, with B1 zoning.
  • Shadow-anchored by Walmart and anchored by a Cookies cannabis dispensary, located near I-74/I-55 interchange and Rivian Automotive.

Property Details for 1006 Jc Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
13,760 SF
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
54,886 SF
Units
7

Location Insight

City
Bloomington
County
McLean
State
Illinois
Latitude
40.4875287
Longitude
-89.0408849
1006 Jc Pkwy, Bloomington, Illinois

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1006 Jc Pkwy
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