1006 Jc PkwyBloomington, IL 61705

  • Other commercial real estate
  • 13,760 SF
For Sale
$1,500,000 View listing

Property Details for 1006 Jc Pkwy

Year built
2005
Construction
FRAME
Lot size
1.26 AC
Property size (Sq ft)
13,760 SF
Property type
Other commercial real estate
APN
20-01-200-054
APU
2001200054

Description

This exceptional retail opportunity is located on a high-traffic Walmart pad in Bloomington, Illinois, at the lighted intersection of JC Parkway and W. Market Street (Rt. 9), providing convenient access from I-74/I-55 Exit 160. The 13,760 square foot building, constructed in 2005, offers multiple units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 6,000 square feet. Spaces are available in both finished and unfinished conditions, with one fully built-out, turnkey former salon space. A Cookies Cannabis Dispensary is already established as an anchor tenant, occupying endcap units. The property sits on 1.26 acres of land (APN: 20-01-200-054) and is zoned B1. This prime location benefits from significant economic drivers, including the presence of major employers like State Farm, Country Financial, Rivian Automotive, and Illinois State University, creating a strong and diverse local economy. Furthermore, the area boasts a thriving college community with several universities nearby, contributing to a robust consumer base. The property's strategic location along a major travel route to Rivian Automotive and the planned development of a QuickTrip truck stop in 2023 further enhance its investment potential. This is a rare opportunity to establish a business in a high-growth area with strong demographics and excellent visibility. The property is under new ownership, and they are eager to negotiate favorable lease terms.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,843,833
    Hospitality
    $2,604,936
    Educational
    $2,167,276
    Medical
    $2,241,812
    Retail
    $3,371,318
1006 Jc Pkwy, Bloomington, Illinois
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Location Insight

City
Bloomington
County
Mclean
State
Illinois
Latitude
40.4875
Longitude
-89.0405
CBSA code
14010
CBSA name
BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,360
$107,828
$61,665
$169,493
-
$323,484
$184,995
$508,479

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