1005 Bloomington Rd Champaign, IL 61821
- Lifestyle centers
- 4,350 SF
- 19,272.65 lot acres
Current Use by Public Records
- StarFox Liquor / Liquor Store
Property Details for 1005 Bloomington Rd
- Year built
- 2007
- Lot size
- 19,272.65 lot acres
- Property size
- 4,350 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2609
- Latitude
- 40.133
