507 Hershey RdBloomington, IL 61704

Property Details for 507 Hershey Rd

Year built

2000

Construction

FRAME

Lot size

0.83 AC

Property size (Sq ft)

7,800 SF

Property type

Commercial real estate

APN

21-01-153-002

APU

2101153002

Description

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.

Location Insight

City

Bloomington

County

Mclean

State

Illinois

Latitude

40.485

Longitude

-88.9426

CBSA code

14010

CBSA name

BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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