903 Iaa Dr Bloomington, IL 61701

Property Details for 903 Iaa Dr

Year built

1986

Construction

FRAME

Lot size

1.10 lot acres

Property size

5,150 SF

Property type

Commercial real estate

APN

14-35-126-002

APU

1435126002

Description

This exceptional 1.1-acre redevelopment opportunity is located in Bloomington, Illinois, at 903 IAA Dr, zip code 61701. The property boasts a prominent location along North Veterans Parkway and IAA Drive, just south of East Vernon Avenue/General Electric Road. The site includes a 5,484 square foot vacant building, formerly a Lone Star Steakhouse, and an existing asphalt parking lot. Priced at $1,150,000 ($209.70/sq ft), this property presents a unique chance to capitalize on a high-traffic area. The site benefits from its proximity to major retail destinations, including the Shoppes at College Hills (anchored by Target, Von Maur, and Hobby Lobby), located just half a mile south. Furthermore, it's conveniently situated 2 miles north of OSF St. Joseph Hospital and State Farm Corporate Headquarters (employing over 14,000), and within 3 miles of the Central Illinois Regional Airport, served by four major airlines offering various domestic flight options. Bloomington, a twin city with Normal, boasts a combined population of approximately 170,000, situated in a highly productive agricultural region with a diverse economy including universities, hospitals, a convention center, and numerous national retailers and banking institutions. This property offers significant potential for various commercial uses.

Location Insight

City

Bloomington

County

Mclean

State

Illinois

Longitude

-88.9539

Latitude

40.5016

CBSA code

14010

CBSA name

BLOOMINGTON, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments