Two-Story Multi-Suite Office
For Sale
$575,000
702 Bloomington Road, 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$75.94
Days on Market45
Property Features for 702 Bloomington Road
General Information
Standard status
Active
Size
7,572 SF
Property subtype
Commercial
Occupancy
61%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$72,060
Office Units
32
Taxes and HOA fees
Annual Taxes
$10,054
Amenities
on-site parking
security fencing
lobby and reception area
Building Details
Building Size
7,572 SF
Year Built
1971
Buildings
1
Stories
2
Units
32
Tenancy
Multi
Listing Agency:
eXp Realty-Champaign
Listed By:
J Leman · License #475184798
(888) 574-9405
Source:
Fishmangroup
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 26 at 8:24AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
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
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 Road Champaign, IL.
What is the asking price?
The asking price for this property is $575,000.
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
