For Sale
$1,290,000

1005 Bloomington Rd Champaign, IL 61821

High-Visibility Retail Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 4,350 square foot shopping center presents a compelling investment opportunity in Champaign, Illinois. Built in 2007, this single-story property boasts 100% occupancy with three inline units: World Finance (1,450 SF), Boost Mobile (1,500 SF), and Star Fox Liquor (1,500 SF). Each unit offers a flexible floor plan, catering to diverse tenant needs. The property features ample on-site parking and a prominent pylon sign for maximum visibility from the high-traffic Bloomington Road (12,100 CPD) and its proximity to North Prospect Avenue (21,600 CPD). Situated on a substantial 19.27-acre lot (APN: 41-20-10-427-004) in a prime North Champaign location, near I-74 and the North Prospect retail corridor, this NNN-leased property offers a strong, stable income stream. The asking price is $1,290,000, representing a 5.60% cap rate and a pro-forma cap rate of 5.76%. The property's current pro-forma NOI is $74,250, with a remaining lease term of five years. The property is zoned CG. This is a rare opportunity to acquire a fully occupied, high-performing retail asset in a thriving market.

Highlights

  • $1,290,000 asking price for a 4,350 SF shopping center in Champaign, IL.
  • NNN lease, multi-tenant, 100% occupancy with 5 years remaining lease term.
  • $296.55 price per square foot, 5.60% cap rate, and a pro-forma cap rate of 5.76%.
  • $74,250 pro-forma NOI.
  • Built in 2007, single-story building on a 19.27-acre lot (APN: 41-20-10-427-004), CG zoning.

Property Details for 1005 Bloomington Rd

Property type
Lifestyle centers, Power centers
Square Feet
4,350 SF
Year Built
2007
Stories
1
Lot Size (sq. ft)
839,516,634 SF

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.1330444
Longitude
-88.2609279
1005 Bloomington Rd, Champaign, Illinois

FAQs

What type of property is this?
Lifestyle center - High-Visibility Retail Center, 100% Occupied
Where is the lifestyle center located?
The property is located at 1005 Bloomington Rd Champaign, IL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: $1,290,000 asking price for a 4,350 SF shopping center in Champaign, IL.; NNN lease, multi-tenant, 100% occupancy with 5 years remaining lease term.; $296.55 price per square foot, 5.60% cap rate, and a pro-forma cap rate of 5.76%.
How can I contact the broker?
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1005 Bloomington Rd
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