1209 Towanda Ave - Retail FOR SALE


Bloomington, IL 61701
$2,600,000 USD
309-590-7900
1209 Towanda Ave, Bloomington, IL for Sale
$2,600,000 USD
Retail - FOR SALE
1/13
null | Request Cap Rate

1209 Towanda Ave
Bloomington, IL 61701


HIGHLIGHTS

  • 54,429 SF Former Post Office, Barber Shop, and Dollar General
  • 307 SF Coffee Kiosk
  • Dollar General has a NNN leasehold through February 28, 2025 with a renewal option to follow
  • Great Visibility and Ample Parking
  • Entire Property is in a Tax Increment Financing District
  • Zoned B-1 General Commercial District

OVERVIEW

SVN Core 3 is proud to introduce the former Bloomington Post Office building that currently houses Dollar General, a Barber Shop, and a Coffee Shop Kiosk. The post office occupied 37,700 sq. ft., which is now vacant. Dollar General occupies 15,088 sq. ft., with a lease that runs through Feb. 2025 and an extension option to follow. The Barber Shop and Coffee Kiosk are both currently on month- to-month leases. The barber shop occupies 512 sq. ft., and the coffee kiosk has 350 sq. ft. This property houses ample parking and great visibility on Towanda Ave. The entire property is in a Tax Increment Financing (TIF) District.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1209 Towanda Ave

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-34-480-032

ASK ABOUT THIS PROPERTY

Carrie TrollSVN | Core 3More Info
309-590-7900

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Carrie TrollSVN | Core 3More Info
309-590-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.