903 Iaa DrBloomington, IL 61701

Property Details for 903 Iaa Dr

Year built

1986

Construction

FRAME

Lot size

1.10 AC

Property size (Sq ft)

5,150 SF

Property type

Commercial real estate

APN

14-35-126-002

APU

1435126002

Description

This exceptional 1.1-acre redevelopment opportunity is located in Bloomington, Illinois, at 903 IAA Dr, zip code 61701. The property boasts a prominent location along North Veterans Parkway and IAA Drive, just south of East Vernon Avenue/General Electric Road. The site includes a 5,484 square foot vacant building, formerly a Lone Star Steakhouse, and an existing asphalt parking lot. Priced at $1,150,000 ($209.70/sq ft), this property presents a unique chance to capitalize on a high-traffic area. The site benefits from its proximity to major retail destinations, including the Shoppes at College Hills (anchored by Target, Von Maur, and Hobby Lobby), located just half a mile south. Furthermore, it's conveniently situated 2 miles north of OSF St. Joseph Hospital and State Farm Corporate Headquarters (employing over 14,000), and within 3 miles of the Central Illinois Regional Airport, served by four major airlines offering various domestic flight options. Bloomington, a twin city with Normal, boasts a combined population of approximately 170,000, situated in a highly productive agricultural region with a diverse economy including universities, hospitals, a convention center, and numerous national retailers and banking institutions. This property offers significant potential for various commercial uses.

• Alternative Use

  Use

  Valuation

  Residential

  $1,064,370

  Hospitality

  $974,958

  Educational

  $811,153

  Medical

  $839,050

  Retail

  $1,261,794

Location Insight

City

Bloomington

County

Mclean

State

Illinois

Latitude

40.5016

Longitude

-88.9539

CBSA code

14010

CBSA name

BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].