Flex Space with Outdoor
For Sale
Contact for pricing
1716 E Hamilton Rd, Bloomington, IL 61704
Industrial property combining enclosed space with an outdoor storage yard and multiple roll-up doors.
Property Size13,465 SF
Lot Size1.43 Acres
Price / SF$170.81
Days on Market91
Property Features for 1716 E Hamilton Rd
General Information
Standard status
Active
Size
13,465 SF
Lot size
1.43 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Additional Details
Outdoor Storage
Yes
Clear Height
18 ft
Building Details
Year Built
1994
Year Renovated
1995
Buildings
1
Tenancy
Single
Listing Agency:
Sands Investment Group
Listed By:
Andrew Ackerman · License #GA 311619
Source:
Crexi
Added: Jul 18
Changed: Oct 7
Last Checked: Oct 16 at 6:52AM
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 Sands Investment Group
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Investment Insights
Based on property information with market context.
This flex space property provides 13,465 square feet of enclosed industrial area on a 1.43-acre site. The configuration combines indoor operations with outdoor storage, supported by multiple roll-up doors and clear heights reaching 18 feet. Built in 1994, the property is designed around practical industrial functionality.
Located at 1716 E Hamilton Road in Bloomington, Illinois, the site offers yard exposure and accommodates both enclosed and exterior operational needs. The layout is suited to industrial and service-oriented uses requiring a combination of building space and outdoor storage capacity.
Located at 1716 E Hamilton Road in Bloomington, Illinois, the site offers yard exposure and accommodates both enclosed and exterior operational needs. The layout is suited to industrial and service-oriented uses requiring a combination of building space and outdoor storage capacity.
Key Highlights
- 13,465 SF flex space property on 1.43 acres
- Industrial outdoor storage configuration with yard exposure
- Multiple roll‑up doors support loading and access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,917
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,258,340
$2.3M
Cap Rate 7%
$1,613,100
$1.6M
Cap Rate 9%
$1,254,633
$1.3M
Market Conditions
NOI Build-Up for 13,465 SF
Gross rent
$140.6K $10.44/SF
− Vacancy
−$7.7K −$0.57/SF
EGI
$132.8K $9.87/SF
− OpEx
−$19.9K −$1.48/SF
NOI
$112.9K $8.39/SF
Area
McLean County, IL
Vacancy
5.50%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,258,340
Cap Rate 7%
$1,613,100
Cap Rate 9%
$1,254,633
Alternative Uses
Best Use
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,917 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $92,990 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$2.81M
$2.46M – $3.27M
NOI $196,481 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property combining enclosed space with an outdoor storage yard and multiple roll-up doors.
Where is this flex space located?
The property is located at 1716 E Hamilton Rd Bloomington, IL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 13,465 SF flex space property on 1.43 acres; Industrial outdoor storage configuration with yard exposure; Multiple roll‑up doors support loading and access
