Two-Story Multi-Suite Office
New
For Sale
$625,000
702 Bloomington Rd, Champaign, IL 61820
The property operates as an executive office center with private suites, a lobby, and reception space.
Property Size7,572 SF
Price / SF$82.54
Days on Market2
Property Features for 702 Bloomington Rd
General Information
Standard status
Active
Size
7,572 SF
Occupancy
61%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$72,060
Office Units
32
Amenities
on-site parking
security fencing
lobby and reception area
Building Details
Year Built
1971
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
eXp Realty-Champaign
Listed By:
J Leman · License #475184798
(217) 778-5320
Source:
Realtopiare
Added: Oct 4
Last Checked: Oct 4 at 2:14PM
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 eXp Realty-Champaign
Investment Insights
Based on property information with market context.
Built in 1971, this 7,572-square-foot office property has two floors and approximately 32 individual suites. Its current executive office and coworking layout includes private offices, restrooms, and a lobby with reception space. Improvements include HVAC compressor replacements, a newer roof, security fencing, refreshed lobby finishes, updated hallway lighting, new carpeting, and interior paint. Parking is available along the west and north sides of the building.
The Bloomington Road property connects to Interstate 74 through Prospect Avenue and Neil Street. Occupancy is approximately 61 percent, and several existing leases are below prevailing market rates. Most leases run for one year, alongside established long-term tenants. The building may continue in its current office-center format, serve an owner-user, or be considered for a single-tenant lease.
The Bloomington Road property connects to Interstate 74 through Prospect Avenue and Neil Street. Occupancy is approximately 61 percent, and several existing leases are below prevailing market rates. Most leases run for one year, alongside established long-term tenants. The building may continue in its current office-center format, serve an owner-user, or be considered for a single-tenant lease.
Key Highlights
- 7,572‑square‑foot office building constructed in 1971
- Two stories with approximately 32 individual office suites
- Approximately 61 percent occupancy
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
32
Office units
61%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - The property operates as an executive office center with private suites, a lobby, and reception space.
Where is this office building located?
The property is located at 702 Bloomington Rd Champaign, IL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 7,572‑square‑foot office building constructed in 1971; Two stories with approximately 32 individual office suites; Approximately 61 percent occupancy
