Multi-Building Retail
For Sale
Contact for pricing
Pending
1601 Morrissey Dr, Bloomington, IL 61704
Four-building retail portfolio with direct frontage to a high-traffic parkway and existing long-term tenant income.
Property SizeContact for details
Days on Market142
Property Features for 1601 Morrissey Dr
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
24,200 vehicles/day
Road Access
Yes
Listing Agency:
GreatStreet Realty Partners LLC
(312) 605-8535
Listed By:
Brendan Watt · License #475158512
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Aug 29 at 5:01PM
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 GreatStreet Realty Partners LLC
Investment Insights
Based on property information with market context.
This value-add retail portfolio consists of four separate buildings with various unit sizes and current occupancy. The property is positioned for investors looking to build toward stabilization, with existing income in place supported by long-term tenants.
The retail buildings provide direct frontage to Veteran’s Parkway, which carries 24,200+ vehicles per day (CPD). The offering also includes the potential to parcel off portions of the property, subject to further details.
Further information on configurations, available sizes, and occupancy is available upon request.
The retail buildings provide direct frontage to Veteran’s Parkway, which carries 24,200+ vehicles per day (CPD). The offering also includes the potential to parcel off portions of the property, subject to further details.
Further information on configurations, available sizes, and occupancy is available upon request.
Key Highlights
- Four‑building retail portfolio with direct frontage to Veteran’s Parkway with 24,200+ CPD
- Existing income in place with long‑term tenants
- Property includes 4 buildings with various sizing and occupancy
Property Analytics
Property Profile
Current Use
Lease Details
24,200 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
104k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 35%
Hotels & Casinos 15%
Beauty & Spa 3%
Starbucks
Dining
17,811 visits/mo
0.1 miles
Double Tree by Hilton
Hotels & Casinos
15,248 visits/mo
0.3 miles
Panera Bread
Dining
13,576 visits/mo
0.3 miles
Dollar Tree
Shops & Services
11,536 visits/mo
0.0 miles
Shell
Shops & Services
10,363 visits/mo
0.2 miles
Demographics for 61704, IL
37,129
Population
16,529
Households
2.2
Avg Household Size
38
Median Age
58%
College-Educated
97%
High-School Grad
19.0 sq mi
ZIP Area
1,954
Density / Sq Mi
$93,107
Median Household Income
$59,072
Median Earnings
$1,094
Median Rent
$242,000
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?
Retail space - Four-building retail portfolio with direct frontage to a high-traffic parkway and existing long-term tenant income.
Where is this retail space located?
The property is located at 1601 Morrissey Dr Bloomington, IL.
What are key features of this property?
This property features: Four‑building retail portfolio with direct frontage to Veteran’s Parkway with 24,200+ CPD; Existing income in place with long‑term tenants; Property includes 4 buildings with various sizing and occupancy
