507 Hershey RdBloomington, IL 61704

For Lease
$16/SF/YR

7,800 SF Multi-Tenant Retail/Office

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 7,800 square foot, single-story retail/office building in Bloomington, Illinois, presents a unique investment opportunity. Located on a high-traffic section of Hershey Road, this Class B property boasts four suites, with 3,080 square feet currently vacant. The minimum divisible space is 1,548 square feet, ideal for a variety of businesses. Built in 2000, the building sits on a sizable 36,000 square foot lot and is zoned B1. The vacant space, a former dental office, features plumbing in each room, making it particularly suitable for medical or salon/spa uses. The property benefits from its prime location within a thriving business district, surrounded by professional offices, medical facilities, banks, restaurants, and service providers. Bloomington-Normal's robust economy, driven by major employers like State Farm, Country Financial, Illinois State University, and Rivian Automotive, ensures a strong tenant pool. The area's vibrant college community and consistently high rankings for livability and economic opportunity further enhance the property's appeal. This is a rare chance to acquire a well-situated commercial property in a highly desirable market. The building's size and layout offer flexibility for various business needs, making it an attractive investment for both owner-occupiers and investors seeking a stable, high-growth market.

Highlights

  • 7,800 SF single-story retail/office building in Bloomington, IL.
  • High-traffic Hershey Road location; Class B property.
  • Four suites, 3,080 SF currently vacant; minimum divisible space 1,548 SF.
  • Built in 2000; 36,000 SF lot; B1 zoning.
  • Vacant suite (former dental office) has in-room plumbing, ideal for medical or salon/spa use.

Property Details for 507 Hershey Rd

Property type
Other retail properties, Individual retail properties
RSF (Rentable sq. ft)
7,800 SF
Class
B
Year Built
2000
Buildings
1
Stories
1

Unit(s) available at that property

Space
Suite D
Size
1,548 SF
Rate per SF
$16

Location Insight

City
Bloomington
County
Mclean
State
Illinois
Latitude
40.4849264
Longitude
-88.9428145
507 Hershey Rd, Bloomington, Illinois

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507 Hershey Rd
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