Streator Retail Center Investment
For Sale
$5,800,000
1800 North Bloomington Street, Streator, IL 61364
197,359 SF retail center in Streator, Illinois for sale.
Property Size197,359 SF
Price / SF$29.39
Days on Market253
Property Features for 1800 North Bloomington Street
General Information
Standard status
Active
Size
197,359 SF
Property subtype
Retail
Building Details
Year Built
1981
Listing Agency:
(773) 251-7342
Listed By:
Reid Bennett, CCIM
(773) 251-7342
Source:
Svnchicago
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 1 at 3:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reid Bennett, CCIM
Investment Insights
Based on property information with market context.
This 197,359 square foot retail center, comprised of 21 units within 2 buildings, presents a prime investment opportunity. Constructed in 1981 and renovated in 2000, the property has undergone numerous recent upgrades, including new roofs (except for the area over spaces 23-28 and space 8), resurfaced parking lots, new water main installations, and modern LED lighting installed 5-7 years ago and recently updated last year. The parking lot was completely milled and resurfaced approximately 7 years ago. A new water main was installed along with new fire hydrants around the center 5 years ago, and sprinkler risers and systems were upgraded 5 years ago. Most occupied spaces have been completely gutted and remodeled with the new tenants. Occupancy has increased from 20% at the time of purchase in 2015 to over 80%. The property is situated in the northern section of Streator, along the west side of Bloomington Street (SR-23). The surrounding neighborhood features commercial and service uses along the thoroughfares, with residential improvements along interior collector streets. The neighborhood is a rural area with single-family homes, small apartment buildings, and apartment complexes. The location is approximately twelve miles east of Interstate 39 and fifteen miles south of Interstate 80. The property is located in a Qualified Census Tract for both NMTC and Opportunity Zone benefits, offering a strategic investment prospect.
Key Highlights
- High Occupancy Rate: Over 80% occupancy shows strong income potential.
- Strategic Location: Qualified Census Tract for NMTC and Opportunity Zone benefits offer tax advantages.
- Recent Upgrades: New roofs, resurfaced parking lots, water main installations, and modern LED lighting.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61364, IL
18,449
Population
9,251
Households
2
Avg Household Size
43
Median Age
13%
College-Educated
90%
High-School Grad
157.3 sq mi
ZIP Area
117
Density / Sq Mi
$57,147
Median Household Income
$37,866
Median Earnings
$810
Median Rent
$97,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 197,359 SF retail center in Streator, Illinois for sale.
Where is this shopping center located?
The property is located at 1800 North Bloomington Street Streator, IL.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: High Occupancy Rate: Over 80% occupancy shows strong income potential.; Strategic Location: Qualified Census Tract for NMTC and Opportunity Zone benefits offer tax advantages.; Recent Upgrades: New roofs, resurfaced parking lots, water main installations, and modern LED lighting.
