903 IAA Dr, Bloomington, IL
5,484 SF restaurant on 1.1 acres for sale.
- Added:
- Jun 5, 2024
- Days on Market:
- 753
- Last Refresh:
- May 20 at 10:04 pm
Property Features for 903 IAA Dr
General Information
- Standard status
- Active
- Size
- 5,484 SF
- Lot size
- 1.10 Acres
- Property subtype
- RETAIL
Listing office Byrne Company (214) 343-6996
Listing date Jun 5, 2024
Source Moodyscre
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 Byrne Company
HighLights
- 1.1‑acre tract of land
- Fronting along North Veterans Parkway and IAA Drive
- Located just south of East Vernon Avenue/General Electric Road
- Located in Bloomington, Illinois
- Existing 5,484 square foot restaurant building
- Asphalt parking lot
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.7k | $18.00 |
| − Vacancy | −$8.6k | −$1.57 |
| EGI | $90.1k | $16.43 |
| − OpEx | −$22.5k | −$4.11 |
| NOI | $67.6k | $12.33 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- HomeCook Personal Chef — 1404 ridgeport ave, bloomington, il 61704
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- McLean
- State
- Illinois
- Longitude
- -88.9539
- Latitude
- 40.5016
