Two-Story Multi-Tenant Office
New
For Sale
$625,000
702 Bloomington Road, Champaign, IL 61820
Commercial Sale, Champaign, IL
Property SizeContact for details
Lot Size0.56 Acres
Days on Market3
Property Features for 702 Bloomington Road
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
Located on Bloomington Road near the intersection of Hagan.
Subdivision
Champaign, Savoy
Standard status
Active
APN
412001376010
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 2 INTERSTATE INDUSTRIAL PARK 1
Tax Annual Amount
10055
Legal Description
LOT 2 INTERSTATE INDUSTRIAL PARK 1
Utilities
Cooling system
Central Air
Building Details
Year built
1971
Floors in Building
2
Number of units
32
Building materials
Block
Listing Agency:
eXp Realty-Champaign
(888) 574-9405
Listed By:
J Leman · License #475184798
(217) 778-5320
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 17 at 10:06AM
MLS# 12752854
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story office building contains approximately 32 individual office suites arranged for multi-tenant executive office or coworking use. The layout includes private offices, restrooms, a lobby, and reception area, with central air serving the property. The building was constructed in 1971 and occupies 0.56 acres. On-site parking is positioned along the west and north sides of the property.
Property improvements include HVAC compressor replacements, a newer roof, security fencing, updated lobby finishes, improved hallway lighting, new carpeting, and fresh interior paint. Current occupancy is approximately 61 percent, and most leases are structured for one year. The Bloomington Road location provides access to Interstate 74 through Prospect Avenue and Neil Street. The property is also suited to continued executive-office or coworking operations, an owner-user configuration, or a single-tenant lease strategy.
Property improvements include HVAC compressor replacements, a newer roof, security fencing, updated lobby finishes, improved hallway lighting, new carpeting, and fresh interior paint. Current occupancy is approximately 61 percent, and most leases are structured for one year. The Bloomington Road location provides access to Interstate 74 through Prospect Avenue and Neil Street. The property is also suited to continued executive-office or coworking operations, an owner-user configuration, or a single-tenant lease strategy.
Key Highlights
- Approximately 32 individual office suites
- Two‑story office building constructed in 1971
- 0.56‑acre property with on‑site parking
Property Analytics
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Current Use
Lease Details
32
Office units
61%
Occupancy
Multi-tenant
Tenancy
Yes
Highway 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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Executive office center with private suites, shared reception areas, central air, and on-site parking.
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 $625,000.
What are key features of this property?
This property features: Approximately 32 individual office suites; Two‑story office building constructed in 1971; 0.56‑acre property with on‑site parking
