Former Post Office Retail
For Sale
Contact for pricing
Pending
1209 Towanda Ave, Bloomington, IL 61701
Retail property with existing tenants and redevelopment potential.
Property Size54,429 SF
Days on Market658
Property Features for 1209 Towanda Ave
General Information
Standard status
Pending
Size
54,429 SF
Property subtype
Retail
Zoning
B-1
Occupancy
30%
Lease Type
NNN
Investment Type
Value Add
Building Details
Units
4
Tenancy
Multi
Listing Agency:
SVN Core 3
(331) 452-6860
Listed By:
Jill Spratt · License #471.022624
Source:
Crexi
Added: Nov 1, 2024
Changed: Aug 8
Last Checked: Jul 24 at 6:26AM
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 SVN Core 3
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 54%
Shops & Services 34%
Home Improvements & Furnishings 12%
DICK'S Sporting Goods
Apparel
43,917 visits/mo
0.5 miles
PetSmart
Shops & Services
18,286 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
9,524 visits/mo
0.2 miles
DSW Designer Shoe Warehouse
Apparel
7,564 visits/mo
0.4 miles
Dollar General
Shops & Services
5,643 visits/mo
0.1 miles
Demographics for 61701, IL
34,497
Population
18,038
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
11.0 sq mi
ZIP Area
3,136
Density / Sq Mi
$55,882
Median Household Income
$37,674
Median Earnings
$873
Median Rent
$138,600
Median Home Value
Market
Vacancy Rate% for Retail 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?
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.
