Two-Tenant Corner Retail
For Sale
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1601 E College Ave, Normal, IL 61761
Two-tenant retail restaurant property on a premier corner with 100% occupancy by Chipotle and Blaze Pizza.
Property Size5,311 SF
Days on Market121
Property Features for 1601 E College Ave
General Information
Standard status
Active
Size
5,311 SF
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
CBRE - Oak Brook
Listed By:
Michael Kaider · License #IL 475154630
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 10:29AM
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 CBRE - Oak Brook
Investment Insights
Based on property information with market context.
This 5,311-square-foot two-tenant retail restaurant property is offered as a 100% fee interest. The building is currently 100% occupied by Chipotle and Blaze Pizza, and Chipotle has recently secured a 10-year extension.
Located at the corner of Veterans Parkway and College Avenue in Bloomington-Normal, the property sits on an outlot to Shoppes at College Hills, an open-air lifestyle center anchored by Von Maur, Hobby Lobby, and Target. It is also located just over two miles east of Illinois State University, which had an estimated enrollment of 21,000 students for the 2022–2023 academic year.
The current tenant lineup and in-place occupancy support a straightforward, stabilized retail investment at a prominent corner setting within a broader retail destination.
Located at the corner of Veterans Parkway and College Avenue in Bloomington-Normal, the property sits on an outlot to Shoppes at College Hills, an open-air lifestyle center anchored by Von Maur, Hobby Lobby, and Target. It is also located just over two miles east of Illinois State University, which had an estimated enrollment of 21,000 students for the 2022–2023 academic year.
The current tenant lineup and in-place occupancy support a straightforward, stabilized retail investment at a prominent corner setting within a broader retail destination.
Key Highlights
- 5,311 SF two‑tenant retail restaurant property offered with 100% fee interest
- 100% occupied by Chipotle and Blaze Pizza
- Chipotle secured a 10‑year extension
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
1M
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Apparel 17%
Shops & Services 16%
Superstores 11%
Target
Superstores
112,517 visits/mo
0.2 miles
Chick-fil-A
Dining
67,154 visits/mo
0.1 miles
T.J. Maxx
Apparel
62,315 visits/mo
0.3 miles
Portillo's
Dining
43,206 visits/mo
0.3 miles
McDonald's
Dining
40,572 visits/mo
0.0 miles
Demographics for 61761, IL
53,045
Population
22,037
Households
2.4
Avg Household Size
28
Median Age
52%
College-Educated
98%
High-School Grad
42.6 sq mi
ZIP Area
1,245
Density / Sq Mi
$66,642
Median Household Income
$28,606
Median Earnings
$976
Median Rent
$200,900
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?
Conventional restaurant - Two-tenant retail restaurant property on a premier corner with 100% occupancy by Chipotle and Blaze Pizza.
Where is this conventional restaurant located?
The property is located at 1601 E College Ave Normal, IL.
What are key features of this property?
This property features: 5,311 SF two‑tenant retail restaurant property offered with 100% fee interest; 100% occupied by Chipotle and Blaze Pizza; Chipotle secured a 10‑year extension
