1804 N Towanda Barnes Rd - Garden Center FOR SALE


Bloomington, IL 61705
$3,250,000 USD
309-824-0507
1804 N Towanda Barnes Rd, Bloomington, IL for Sale
$3,250,000 USD
Garden Center - FOR SALE
1/19
null | 8.32% Cap Rate

1804 N Towanda Barnes Rd
Bloomington, IL 61705


OVERVIEW

Terrific opportunity to acquire a 5.56-acre flex, warehouse, and mini-storage property located within the Bloomington-Normal MSA. With 18,076 sq. ft. of total building area across three income-producing structures, this property is ideal for investors seeking diversified revenue streams with stable rental demand and long-term growth potential. OR, like the current owner, an ideal opportunity for a user to operate its own business out of the available 6500-9,000 +/- sq. ft. while using the additional rental income to significantly offset overall ownership costs. The property includes two upgraded flex buildings, a fully leased storage facility, and 88 rentable parking spaces, plus six additional regular income streams. Ownership is offering the sale of the LLC, providing an additional layer of tax optimization potential for the buyer.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

8.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Garden Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

5.56 AC

LAND SF

242,194 SF

ZONING

C

APN/PARCEL ID

15-30-400-011,15-30-480-002

ASK ABOUT THIS PROPERTY

Laura PrittsAXIS 360 Commercial Real Estate SpecialistsMore Info
309-824-0507

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Laura PrittsAXIS 360 Commercial Real Estate SpecialistsMore Info
309-824-0507

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