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    1209 Towanda Ave Bloomington, IL 61701

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    For Sale
    $2,600,000

    Former post office with Dollar General and other tenants.

    Property size:
    54,429 SF

    Property Features for 1209 Towanda Ave

    General Information

    Size
    54,429 SF

    Building Details

    Year built
    1961

    Source: Jill Spratt Agent Jill Spratt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bloomington Retail Property For Sale

    The property, formerly a post office building, currently houses a Dollar General, a barber shop, and a coffee kiosk. The former post office space is 37,700 square feet and is currently vacant. Dollar General occupies 15,088 square feet with a lease running through February 2025, including an extension option. The barber shop occupies 512 square feet, and the coffee kiosk has 307 square feet; both are currently on month-to-month leases. The entire property is located in a Tax Increment Financing (TIF) District and is zoned B-1 General Commercial District. The property has ample parking and good visibility on Towanda Avenue, north of East Empire Street directly off of Towanda Avenue. The total property size is 54,429 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bloom's Coffee Bar Coffee Shop Dollar General Dollar Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Eastland Mall, Empire Crossing, Eastland Commons Shopping Center, Lakewood Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.96691
    Latitude
    40.4895841

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    FAQs

    What type of property is this?
    Shopping center - Former post office with Dollar General and other tenants.
    Where is this shopping center located?
    The property is located at 1209 Towanda Ave Bloomington, IL.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Anchor tenant **Dollar General with NNN lease through February 2025 and renewal option.**; - Located in a Tax Increment Financing (TIF) District.; - **Great visibility on Towanda Ave and ample parking.**
    (217) 722-3584
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    Bloomington, IL 61701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1209 Towanda Ave Bloomington, IL 61701
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