1605 General Electric Rd Bloomington, IL 61704
- Commercial land
- 1.82 lot acres
Current Use by Public Records
- Quick-Brite / Cleaning Service / Carpet Cleaning Service
- Barr Painting / Corporate Office
Property Details for 1605 General Electric Rd
- Lot size
- 1.82 lot acres
- Property type
- Commercial land
- APN
- 14-35-226-008
- APU
- 1435226008
Description
This exceptional 26.12-acre development opportunity is ideally situated in Bloomington, Illinois, on General Electric Road. The property comprises three parcels: a significant 21.16-acre tract and two smaller parcels of 1.82 and 3.15 acres, respectively. Boasting approximately 800 feet of frontage on General Electric Road, the larger parcel offers a depth of roughly 1200 feet, while the smaller parcels have a depth of approximately 990 feet. The land is zoned M-1, Restricted Manufacturing District, presenting versatile development potential. Its location offers convenient access to Veterans Parkway/Business I-55/Historic Route 66, placing it within easy reach of major transportation arteries and a thriving commercial corridor featuring numerous retailers, office spaces, and corporate headquarters, including two shopping malls. The Central Illinois Regional Airport (CIRA) is less than 2.5 miles away. The property's history includes a single residential structure, previously used by a General Electric plant supervisor. The seller is open to subdividing the parcels for qualified buyers. This prime location, combined with its size and zoning, makes this an exceptional investment opportunity in a rapidly growing area, strategically positioned between Chicago, St. Louis, and Indianapolis. The APN numbers are 14-35-226-007, -008, and -002.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Mclean
- State
- Illinois
- Longitude
- -88.944
- Latitude
- 40.5012
- CBSA code
- 14010
- CBSA name
- BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA
