Freestanding Furniture Retail
For Sale
Contact for pricing
Pending
1519 N Veterans Pkwy, Bloomington, IL 61704
Single-tenant retail building occupied by a furniture gallery with a proposed long-term NNN leaseback.
Property Size19,606 SF
Lot Size1.50 Acres
Days on Market140
Property Features for 1519 N Veterans Pkwy
General Information
Standard status
Pending
Size
19,606 SF
Lot size
1.50 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Savills Los Angeles (Downtown)
Listed By:
Ryan Knowles · License #CA 02042188
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 4:22AM
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 Savills Los Angeles (Downtown)
Investment Insights
Based on property information with market context.
The property is a freestanding, single-tenant retail facility operated as a La-Z-Boy furniture gallery. The building contains 19,606 square feet and sits on a 1.5-acre parcel at 1519 N Veterans Pkwy in Bloomington, Illinois.
At closing, the current franchisee intends to lease the premises under a 15-year NNN agreement. The proposed lease includes 2% annual rent increases and is structured as a sale-leaseback for the existing retail operation.
At closing, the current franchisee intends to lease the premises under a 15-year NNN agreement. The proposed lease includes 2% annual rent increases and is structured as a sale-leaseback for the existing retail operation.
Key Highlights
- 19,606‑square‑foot freestanding retail building
- 1.5‑acre parcel in Bloomington, IL
- Single‑tenant La‑Z‑Boy furniture gallery
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
607k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 20%
Superstores 19%
Dining 18%
Shops & Services 18%
Target
Superstores
112,517 visits/mo
0.4 miles
T.J. Maxx
Apparel
62,315 visits/mo
0.5 miles
Hy-Vee
Groceries
60,587 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
40,336 visits/mo
0.4 miles
Von Maur
Apparel
39,109 visits/mo
0.4 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 - Single-tenant retail building occupied by a furniture gallery with a proposed long-term NNN leaseback.
Where is this retail space located?
The property is located at 1519 N Veterans Pkwy Bloomington, IL.
What are key features of this property?
This property features: 19,606‑square‑foot freestanding retail building; 1.5‑acre parcel in Bloomington, IL; Single‑tenant La‑Z‑Boy furniture gallery
