2203 Empire StBloomington, IL 61704

For Sale
$4,900,000

High-yield investment opportunity, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A office building, located at 2203 & 2205 E. Empire in Bloomington, Illinois (61704), presents a compelling investment opportunity. The property boasts a total of 53,366 square feet across two addresses, situated on a 5.34-acre lot (APN: 21-02-226-005 & -006) and zoned B-1. Currently operating at 100% occupancy with a modified lease structure and multi-tenancy, this asset offers a strong, stable income stream. The asking price is $4,900,000, representing a 7.81% cap rate. The building's prime location offers high visibility and traffic counts, situated on a signalized intersection and conveniently close to Veteran’s Parkway, E. Empire (Route 9), and the Central Illinois Regional Airport (CIRA). The property benefits from excellent historical performance, credit tenants, and low vacancy rates. It is well-maintained and professionally managed, ensuring a smooth and efficient operation. This is a rare opportunity to acquire a high-performing, fully leased Class A office building in a desirable location. Further information is available upon request.

Highlights

  • Prime location near Veteran's Parkway, Route 9, and CIRA.
  • Professionally managed with excellent tenant retention.
  • Strong historical performance with creditworthy tenants and low vacancy rates.
  • High visibility and significant traffic counts.
  • Corner lot at a signalized intersection.
  • Broker co-op opportunity.

Property Details for 2203 Empire St

Property type
Other office properties, Office space
Square Feet
53,366 SF
Class
A
Lot Size (sq. ft)
232,610 SF

Location Insight

City
Bloomington
County
McLean
State
Illinois
Latitude
40.4874824
Longitude
-88.9447534
2203 Empire St, Bloomington, Illinois
Leaflet | © OpenStreetMap contributors

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at support@realmo.com and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.
2203 Empire St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size Select options
Please enter message