3010 E Empire St - Restaurant FOR SALE


Bloomington, IL 61704
$6,184,012 USD
812-320-8483
3010 E Empire St, Bloomington, IL for Sale
$6,184,012 USD
Restaurant - FOR SALE
1/4
null | 6.63% Cap Rate

3010 E Empire St
Bloomington, IL 61704


HIGHLIGHTS

  • This Site Reports Extremely High Performing Sales – See Agents for Details
  • Biaggi’s is Rated the Number One Italian Restaurant in the Bloomington - Normal Area on Trip Advisor
  • Ideal Demographics for Tenant: $127,077 Average Household Income Within 3 Miles | 5-Mile Daytime Population is 146,409

OVERVIEW

Built-To-Suit for Biaggi’s Ristorante Italiano in 2019 | Corporate Tenant Relocated in Order to Keep Up with Customer Demand | Mission Critical Location for Biaggi’s – Flagship Site with Corporate Test Kitchen | Number One Performing Site in Biaggi’s Corporate Chain Operational History of 25 Years in Bloomington Market | Biaggi’s Ristorante Italiano Maintains Industry-Leading Average Unit Volumes | Biaggi’s Has 16 Locations in Eight States This Site Reports Extremely High Performing Sales – See Agents for Details | Biaggi’s is Rated the Number One Italian Restaurant in the Bloomington - Normal Area on Trip Advisor 15-Year Absolute NNN Lease to be Signed at Close of Escrow with Corporate Guarantee from a Successful and Experienced Multiple Concept Operator College Town: 4 Miles from Illinois Wesleyan University (1,526 Students) | 5 Miles from Illinois State University (21,546 Students) 3 Miles from State Farm Mutual Insurance Company Headquarters | Employs over 15,000 People in the Area Three Miles from Shoppes at College Hill Lifestyle Retail Center Complex | 5M Visitors Annually | Top 7% of Community Shopping Centers Nationwide and Top 5% Statewide in Foot Traffic per Placer.ai | #1 Community Shopping Center in 50 Miles Prime Location on E Empire Street and Airport Road (29,150 Combined VPD) | 7.5 Miles from I-55 Interchange (60,500 Combined VPD) and I-74 Interchange (53,000 Combined VPD) Ideal Demographics for Tenant: $127,077 Average Household Income Within 3 Miles | 5-Mile Daytime Population is 146,409

FOR SALE DETAILS

PRICE

$6,184,012 USD

PRICE/SF

$426 USD /SF

CAP RATE

6.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

Commercial

APN/PARCEL ID

15-31-355-007

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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