Two-Story Office
For Sale
Contact for pricing
702 Bloomington Rd, Champaign, IL 61820
Multi-suite executive center with an upgraded lobby, hallway lighting, carpeting, and painted interior finishes.
Property SizeContact for details
Days on Market143
Property Features for 702 Bloomington Rd
General Information
Standard status
Active
Property subtype
Office
Occupancy
60%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$750,000
Office Units
32
Amenities
lobby/foyer entrance
security fencing
Building Details
Year Built
1971
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Guth & Associates
(217) 355-2545
Listed By:
Jill Guth · License #IL 471.020488
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 2:54PM
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 Guth & Associates
Investment Insights
Based on property information with market context.
This two-story office property contains approximately 32 suites arranged across multiple offices on each level, along with restrooms and a lobby and foyer entrance. The building was constructed in 1971 and is currently operated as a coworking executive center. Reported improvements include replacement HVAC compressors, a newer roof, security fencing, refreshed lobby areas, updated corridor lighting, carpeting, and interior painting.
The property is located at 702 Bloomington Road in Champaign, with access to Interstate 74 through Prospect Avenue and Neil Street. Parking is available on the west and north sides of the building. Occupancy is currently 60%, and most leases run for one year, with numerous long-term tenants also in place. The building can support continued multi-suite use, owner occupancy, or a single-tenant configuration.
The property is located at 702 Bloomington Road in Champaign, with access to Interstate 74 through Prospect Avenue and Neil Street. Parking is available on the west and north sides of the building. Occupancy is currently 60%, and most leases run for one year, with numerous long-term tenants also in place. The building can support continued multi-suite use, owner occupancy, or a single-tenant configuration.
Key Highlights
- Approximately 32 office suites across a two‑story building
- Built in 1971 with replacement HVAC compressors and a newer roof
- Updated lobby, hallway lighting, carpeting, and painted interior finishes
Property Analytics
Property Profile
Current Use
Lease Details
32
Office units
60%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
Business Placement
Demographics for 61820, IL
40,822
Population
18,672
Households
2.2
Avg Household Size
25
Median Age
55%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
6,919
Density / Sq Mi
$31,031
Median Household Income
$14,828
Median Earnings
$1,077
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Multi-suite executive center with an upgraded lobby, hallway lighting, carpeting, and painted interior finishes.
Where is this office building located?
The property is located at 702 Bloomington Rd Champaign, IL.
What are key features of this property?
This property features: Approximately 32 office suites across a two‑story building; Built in 1971 with replacement HVAC compressors and a newer roof; Updated lobby, hallway lighting, carpeting, and painted interior finishes
