2907 Empire St Bloomington, IL 61704

Property Details for 2907 Empire St

Year built

2017

Construction

FRAME

Property size

18,000 SF

Property type

Commercial real estate

APN

21-01-227-001

APU

2101227001

Description

This exceptional 15,000-square-foot Class A corporate hangar facility, built in 2017, is situated on a 0.86-acre lot at Bloomington's Central Illinois Regional Airport (CIRA). The property includes 12,000 square feet of pristine aircraft storage space featuring a 28' x 100' powerlift hydraulic door, 27' clear height at the eaves (34'10" at the peak), floor drains, a "Big Ass Fan," LED lighting, full insulation, and four 300K BTU gas-fired heaters. An apron snow melt system ensures year-round accessibility. The hangar also boasts an 8' x 10' drive-in door, an 80-gallon air compressor, and a shower in the mechanical room. A fully sprinklered NFPA 13 wet system (1400 gallons per minute capacity), 225 Amp 120V 3-phase power, and a diesel backup generator provide comprehensive safety and reliability. The facility features a controlled access/security system. The 3,000-square-foot office space is tastefully appointed with two large individual offices, one double office, a fully equipped breakroom/kitchenette, foyer, storage and data rooms, multi-stall restrooms, and a modern lounge/waiting area. Designed to accommodate two Cessna Citations or similar aircraft (tail height under 28'), this hangar offers direct runway access. The property is subject to a long-term ground lease with CIRA, expiring October 31, 2046, with two five-year renewal options. CIRA approval is required for all buyers and lease assignment. The property's APN is 21-01-227-001 and is zoned P3 - Airport District. The asking price is $2,300,000 ($153.33/sq ft). CIRA, established in 1934, serves commercial and private aviation, including FedEx air cargo, and offers 24/7/365 operation with a CAT II approach. The airport boasts two runways and is conveniently located near hotels, restaurants, and retail/office buildings. Bloomington-Normal is home to numerous major corporations, including State Farm, Growmark, Afni, Country Financial, Rivian, Bridgestone/Firestone, Ferrero USA, Illinois State University, and Illinois Wesleyan University.

Location Insight

City

Bloomington

County

Mclean

State

Illinois

Longitude

-88.9273

Latitude

40.4882

CBSA code

14010

CBSA name

BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments