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Property profile

1005 Bloomington Rd Champaign, IL 61821

OFF-MARKET
Lifestyle centers
4,350 SF 19272.65 ac lot Built 2007

Property summary

AI-generated overview

This exceptional 4,350 square foot shopping center presents a compelling investment opportunity in Champaign, Illinois. Built in 2007, this single-story property boasts 100% occupancy with three inline units: World Finance (1,450 SF), Boost Mobile (1,500 SF), and Star Fox Liquor (1,500 SF). Each unit offers a flexible floor plan, catering to diverse tenant needs. The property features ample on-site parking and a prominent pylon sign for maximum visibility from the high-traffic Bloomington Road (12,100 CPD) and its proximity to North Prospect Avenue (21,600 CPD). Situated on a substantial 19.27-acre lot (APN: 41-20-10-427-004) in a prime North Champaign location, near I-74 and the North Prospect retail corridor, this NNN-leased property offers a strong, stable income stream. The asking price is $1,290,000, representing a 5.60% cap rate and a pro-forma cap rate of 5.76%. The property's current pro-forma NOI is $74,250, with a remaining lease term of five years. The property is zoned CG. This is a rare opportunity to acquire a fully occupied, high-performing retail asset in a thriving market.

Property profile

Verified
Property type Lifestyle centers
Year built 2007
Total area 4,350 SF
Lot 19272.65 ac (839,516,634 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

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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