NNN Commercial Property with
For Sale
$1,250,000
3612 W Bloomington Rd, Champaign, IL 61822
Gated commercial compound with leased improvements, a separate residence, outdoor storage area, and room for future expansion.
Property Size7,800 SF
Lot Size10.00 Acres
Price / SF$119.73
Days on Market12
Property Features for 3612 W Bloomington Rd
General Information
Standard status
Active
Size
7,800 SF
Lot size
10.00 Acres
Occupancy
100%
Net Operating Income
$90,000
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$90,000
Land Use
commercial, residential
Amenities
gated entry
detached garage
unfinished basement
four-season room
Building Details
Year Built
1961
Buildings
1
Building Size
7,800 SF
Tenancy
Single
Listing Agency:
RE/MAX REALTY ASSOCIATES-CHA
(217) 352-5700
Listed By:
Diane Dawson · License #475126019
Source:
Bktchicago
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 29 at 12:35PM
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 RE/MAX REALTY ASSOCIATES-CHA
Investment Insights
Based on property information with market context.
This NNN commercial property includes approximately 10 acres, a 10,440-square-foot commercial building, and a separate multi-level residence. The commercial structure is arranged as three units, each with its own utilities, entrances, and bathrooms. A brick-and-concrete fence creates a gated entry, while substantial parking and open areas support outdoor storage, workspace, and potential expansion. The residence contains four bedrooms, 1.5 bathrooms, 2,500 square feet, a detached 2.5-car garage, a four-season room, laundry room, and unfinished basement storage. Interior improvements include replacement windows, updated flooring, fresh paint, and a renovated kitchen with stainless appliances.
The property fronts US Rt. 150 between Mahomet and Champaign, with access to Champaign, Mahomet, I-74, and Staley Rd. Mature trees border the site, which also adjoins a 95-acre prairie restoration. The commercial occupancy is structured under a triple-net lease through 10/31/2026, with the tenant responsible for property taxes, insurance, utilities, and maintenance.
The property fronts US Rt. 150 between Mahomet and Champaign, with access to Champaign, Mahomet, I-74, and Staley Rd. Mature trees border the site, which also adjoins a 95-acre prairie restoration. The commercial occupancy is structured under a triple-net lease through 10/31/2026, with the tenant responsible for property taxes, insurance, utilities, and maintenance.
Key Highlights
- Approximately 10 acres along US Rt. 150 between Mahomet and Champaign
- 10,440‑square‑foot commercial building divided into 3 separately serviced units
- Triple‑net lease in place through 10/31/2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,077
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,461,540
$1.5M
Cap Rate 7%
$1,043,957
$1.0M
Cap Rate 9%
$811,967
$812.0K
Market Conditions
NOI Build-Up for 10,440 SF
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.
Gross rent
$127.8K $12.24/SF
− Vacancy
−$10.9K −$1.04/SF
EGI
$116.9K $11.20/SF
− OpEx
−$43.8K −$4.20/SF
NOI
$73.1K $7.00/SF
Area
Champaign County, IL
Vacancy
8.50%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,461,540
Cap Rate 7%
$1,043,957
Cap Rate 9%
$811,967
Alternative Uses
Best Use
Mixed Use
$1.04M
$913.5K – $1.22M
NOI $73,077 @ 7.0% cap · market cap 5.85%
Second Best
Flex RnD
$820.1K
$717.6K – $956.8K
NOI $57,410 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,040 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 61822, IL
25,091
Population
11,923
Households
2.1
Avg Household Size
38
Median Age
58%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
234
Density / Sq Mi
$97,044
Median Household Income
$55,385
Median Earnings
$1,265
Median Rent
$264,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Gated commercial compound with leased improvements, a separate residence, outdoor storage area, and room for future expansion.
Where is this nnn property located?
The property is located at 3612 W Bloomington Rd Champaign, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 10 acres along US Rt. 150 between Mahomet and Champaign; 10,440‑square‑foot commercial building divided into 3 separately serviced units; Triple‑net lease in place through 10/31/2026
