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    Bloomington Rd & Hagan Rd Champaign, IL 61821

    For Sale
    Contact for pricing

    High-traffic retail storefront, 57,581 SF, vacant.

    Property size:
    57,581 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 57,581-square-foot retail property, situated at the prominent intersection of Bloomington Road and Hagan Road in Champaign, Illinois (zip code 61821), presents a unique investment opportunity. The property is strategically located adjacent to a Home Depot, ensuring high visibility and foot traffic. Its prime location just off the intersection of I-74 and Prospect Avenue offers excellent exposure to a large volume of vehicles, further enhanced by two traffic signals directly at the property. This location places the property on Champaign's most successful retail corridor, providing unparalleled access to a dense consumer base. The property's classification as both a storefront and shopping center allows for diverse leasing options and potential development. The property is currently vacant, offering a blank canvas for a new tenant or a redevelopment project. The surrounding area boasts a strong retail presence, with major national retailers such as Target, Ashley Furniture, Sam's Club, Ross Dress for Less, Best Buy, Meijer, AMC Theatres, Walmart, Kroger, Office Depot Office Max, HomeGoods, Costco Wholesale, Hobby Lobby, Kohl's, Dick's Sporting Goods, Barnes & Noble, and many more located nearby. This property is offered for sale and presents a compelling opportunity for investors seeking a high-visibility retail location in a thriving market. The property is a NNN lease type.

    Property Features for 0 Bloomington Rd & Hagan Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    57,581 SF

    HighLights

    • Highly visible Champaign‑Urbana location adjacent to The Home Depot.
    • Prime location at I‑74 and Prospect Ave. with two traffic signals.
    • Exceptional I‑74 visibility on Champaign's premier retail thoroughfare.
    • Strong tenant mix including Target, Ashley Furniture, Sam's Club, Ross, Best Buy, Meijer, AMC Theatres, Walmart, Kroger, Office Depot, HomeGoods, Costco, Hobby Lobby, Kohl's, Dick's Sporting Goods, and Barnes & Noble.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2755305
    Latitude
    40.1393147

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail storefront, 57,581 SF, vacant.
    Where is this lifestyle center located?
    The property is located at Bloomington Rd & Hagan Rd Champaign, IL.
    What are key features of this property?
    This property features: Highly visible Champaign-Urbana location adjacent to The Home Depot.; Prime location at I-74 and Prospect Ave. with two traffic signals.; Exceptional I-74 visibility on Champaign's premier retail thoroughfare.
    Request Owner's contact information
    Bloomington Rd & Hagan Rd 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
    Bloomington Rd & Hagan Rd Champaign, IL 61821
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