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    506 Iaa Dr Bloomington, IL 61701

    For Lease
    $36 SF/Yr ($10,836 /Mo)

    Retail space with visibility on Veteran’s Parkway in Bloomington, IL.

    Property size:
    3,612 SF
    Lot size:
    1.09 Acres

    Property Features for 506 Iaa Dr

    General Information

    Size
    3,612 SF
    Lot size
    1.09 Acres

    Source: GreatStreet Realty Partners, LLC Agent Brendan Watt

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

    Overview

    Retail Space on Veteran's Parkway

    Pad sites and small shop space, totaling 3,612 square feet, are available with visibility to Veteran’s Parkway. The location is anchored by Dick’s, PetSmart, HomeGoods, Ashley Furniture, and Five Below, and is directly across from The Eastland Mall. Bloomington is home to State Farm’s Headquarters, employing 14,731 individuals, and Country Financial, employing 1,972 individuals. The real estate is un-encumbered with no restrictions from neighboring tenants. A large 30’ monument sign is available facing Veteran’s Parkway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Black Brothers Plumbers Plumber Lovesac Furniture Store Chicken Salad Chick Caterer Sleep Number Mattress Store

    Suggested Use

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

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

    Similar Places Nearby

    Eastland Mall, Bloomington Commons, Eastland Commons Shopping Center, Eastland Square Shopping Center, Prospect Center

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.9541071
    Latitude
    40.4895875

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    FAQs

    What type of property is this?
    Shopping center - Retail space with visibility on Veteran’s Parkway in Bloomington, IL.
    Where is this shopping center located?
    The property is located at 506 Iaa Dr Bloomington, IL.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: - Rare visibility to Veteran’s Parkway.; - Anchored by Dick’s, PetSmart, HomeGoods, Ashley Furniture, and Five Below. Also directly across from The Eastland Mall.; - Located in Bloomington, home to State Farm Headquarters and Country Financial.
    (847) 981-8090
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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
    506 Iaa Dr Bloomington, IL 61701
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