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Property profile

0 Bloomington Rd & Hagan Rd Champaign, IL 61821

OFF-MARKET
Lifestyle centers
57,581 SF

Property summary

AI-generated overview

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 profile

Verified
Property type Lifestyle centers
Total area 57,581 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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