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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1603-1605 Morrissey Dr Bloomington, IL 61704

23,181 SF 2.32 ac lot
Property ID
Property summary
AI-generated overview

Morrissey Crossing, a Class B retail pad strip center in Bloomington, Illinois, presents exceptional lease opportunities. Located at 1603-1605 Morrissey Drive, this property boasts high visibility from Veterans Parkway, a major thoroughfare. The center offers a total of 23,181 square feet of retail space, with multiple tenancy options available. Units range from a minimum of 1,500 square feet to a maximum contiguous space of 19,465 square feet. Currently, 27,563 square feet is vacant, presenting significant potential for new businesses. The property sits on a 2.32-acre lot (APN 21-15-203-008) and is zoned B-1. Ample parking is available for customers and employees. Recent improvements include fresh paint throughout the center. This location offers excellent access and exposure, making it an ideal choice for retailers seeking a high-traffic area in McLean County. The property's strategic placement at the southwest corner of Veterans Parkway and Morrissey Drive ensures strong visibility and convenient access for customers. This is a rare opportunity to secure prime retail space in a thriving Bloomington location. Contact us today to learn more about available spaces and lease terms.

Property profile
Verified
Property type Retail properties & Spaces
Total area 23,181 SF
Lot 2.32 ac (101,059 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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