1209 Towanda Ave, Bloomington, IL 61701

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Listing date Nov 1, 2024

Source Crexi

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Overview

The property, formerly a post office building, currently houses a Dollar General, a barber shop, and a coffee shop kiosk. The former post office space comprises 37,700 square feet and is currently vacant. Dollar General occupies 15,088 square feet with a lease extending through February 2025, including an extension option. The barber shop and coffee kiosk operate on month-to-month leases, occupying 512 and 350 square feet, respectively. The property benefits from ample parking and visibility on Towanda Avenue. The entire property is located within a Tax Increment Financing (TIF) District. The total property size is 54,429 square feet.

Suggested Use

Real Estate Agency Law Firm Building Supply Accounting Firm Food Market Auto Parts Store HVAC Service Grocery & Convenience Store Hotel & Motel Grocery & Convenience Store

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

Location Insight

• Map
• Local Demand

City

Bloomington

County

McLean

State

Illinois

Longitude

-88.96691

Latitude

40.4895841

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FAQs

What type of property is this?

Retail space - Retail property with existing tenants and redevelopment potential.

Where is this retail space located?

The property is located at 1209 Towanda Ave Bloomington, IL.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: Large Vacant Space: 37,700 sq. ft. former post office space available for immediate use.; Income‑Generating Tenant: Dollar General occupies 15,088 sq. ft. with a lease through Feb. 2025 and an extension option.; High Visibility on Towanda Ave.