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    1005 Bloomington Rd Champaign, IL 61821

    Sponsored
    For Sale
    $1,290,000

    High-Visibility Retail Center, 100% Occupied

    Property size:
    4,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,350 square foot shopping center presents a compelling investment opportunity in Champaign, Illinois. Built in 2007, this single-story property boasts 100% occupancy with three inline units: World Finance (1,450 SF), Boost Mobile (1,500 SF), and Star Fox Liquor (1,500 SF). Each unit offers a flexible floor plan, catering to diverse tenant needs. The property features ample on-site parking and a prominent pylon sign for maximum visibility from the high-traffic Bloomington Road (12,100 CPD) and its proximity to North Prospect Avenue (21,600 CPD). Situated on a substantial 19.27-acre lot (APN: 41-20-10-427-004) in a prime North Champaign location, near I-74 and the North Prospect retail corridor, this NNN-leased property offers a strong, stable income stream. The asking price is $1,290,000, representing a 5.60% cap rate and a pro-forma cap rate of 5.76%. The property's current pro-forma NOI is $74,250, with a remaining lease term of five years. The property is zoned CG. This is a rare opportunity to acquire a fully occupied, high-performing retail asset in a thriving market.

    Property Features for 1005 Bloomington Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    4,350 SF
    Lot Size
    839,516,634 SF

    Building Details

    Year Built
    2007
    Stories
    1

    HighLights

    • $1,290,000 asking price for a 4,350 SF shopping center in Champaign, IL.
    • NNN lease, multi‑tenant, 100% occupancy with 5 years remaining lease term.
    • $296.55 price per square foot, 5.60% cap rate, and a pro‑forma cap rate of 5.76%.
    • $74,250 pro‑forma NOI.
    • Built in 2007, single‑story building on a 19.27‑acre lot (APN: 41‑20‑10‑427‑004), CG zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    StarFox Liquor Liquor Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2609279
    Latitude
    40.1330444

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    FAQs

    What type of property is this?
    Lifestyle center - High-Visibility Retail Center, 100% Occupied
    Where is this lifestyle center located?
    The property is located at 1005 Bloomington Rd Champaign, IL.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: $1,290,000 asking price for a 4,350 SF shopping center in Champaign, IL.; NNN lease, multi-tenant, 100% occupancy with 5 years remaining lease term.; $296.55 price per square foot, 5.60% cap rate, and a pro-forma cap rate of 5.76%.
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    1005 Bloomington Rd Champaign, IL 61821
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    Champaign, IL 61821
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1005 Bloomington Rd Champaign, IL 61821
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