507 Hershey Rd Bloomington, IL 61704-3744

Property Details for 507 Hershey Rd

Year built

2000

Construction

FRAME

Lot size

0.83 lot acres

Property size

7,800 SF

Property type

Commercial real estate

APN

21-01-153-002

APU

2101153002

Description

This exceptional 7,800 square foot, single-story retail/office building in Bloomington, Illinois, presents a unique investment opportunity. Located on a high-traffic section of Hershey Road, this Class B property boasts four suites, with 3,080 square feet currently vacant. The minimum divisible space is 1,548 square feet, ideal for a variety of businesses. Built in 2000, the building sits on a sizable 36,000 square foot lot and is zoned B1. The vacant space, a former dental office, features plumbing in each room, making it particularly suitable for medical or salon/spa uses. The property benefits from its prime location within a thriving business district, surrounded by professional offices, medical facilities, banks, restaurants, and service providers. Bloomington-Normal's robust economy, driven by major employers like State Farm, Country Financial, Illinois State University, and Rivian Automotive, ensures a strong tenant pool. The area's vibrant college community and consistently high rankings for livability and economic opportunity further enhance the property's appeal. This is a rare chance to acquire a well-situated commercial property in a highly desirable market. The building's size and layout offer flexibility for various business needs, making it an attractive investment for both owner-occupiers and investors seeking a stable, high-growth market.

Location Insight

City

Bloomington

County

Mclean

State

Illinois

Longitude

-88.9426

Latitude

40.485

CBSA code

14010

CBSA name

BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments