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1804 N Towanda Barnes Rd 18,076 SF Retail Building Bloomington, IL 61705 $4,536,740 CAD ($250.98 CAD/SF) 8.32% Cap Rate



EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
18,076 SF
Building Class
C
Year Built
1994
Price
$4,536,740 CAD
Price Per SF
$250.98 CAD
Cap Rate
8.32%
NOI
$377,679 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
5.56 AC
Zoning
C - Commercial (county)
Parking
50 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
76’ on Towanda Barnes Rd
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $282,501 CAD | |
| Land Assessment | $46,780 CAD | Total Assessment | $329,281 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$46,780 CAD
Improvements Assessment
$282,501 CAD
Total Assessment
$329,281 CAD
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1804 N Towanda Barnes Rd
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