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Investment Highlights

  • Long standing tenants
  • Location suited for seamless logistics
  • Fully leased, multi-tenant industrial asset
  • Former IRS building

Executive Summary

Presenting a prime investment opportunity at 2402 E. Empire Street in Bloomington, Illinois, this approx. 225,000-square-foot multi-tenant industrial distribution facility is situated on a spacious 13.30 acre site. Originally constructed in 1985 and substantially renovated in 2009, the masonry and precast concrete building offers a highly functional layout featuring 18.5’ to 26’ clear heights 16 dock-high doors, 2 drive-in doors, and approximately 15% office finish. The parking ratio is approximately 2 spaces per 1,000 sq ft. There is ample surface parking of approximately 450 spaces. The property boasts excellent visibility and logistics potential, with proximity to I-55, I-74, I-39, and the Central Illinois Regional Airport. As an investment, the asset is 100% occupied by three professional tenants operating primarily under net leases. With recent capital improvements including a TPO roof overlay in 2018 and 2020, this fully leased facility offers stable, in-place cash flow with contractual annual rent escalations, making it a highly attractive, institutional-quality industrial asset.

Attachments

SVN - Brochure

Property Facts

Price $19,070,240 CAD
Price Per SF $85.27 CAD
Sale Type Investment NNN
Cap Rate 6.93%
Property Type Industrial
Property Subtype
Distribution
  • Industrial Manufacturing
  • Industrial Warehouse
Building Class B
Lot Size 13.30 AC
Rentable Building Area 223,634 SF
No. Stories 1
Year Built/Renovated 1985/2009
Parking Ratio 2.01/1,000 SF
No. Dock-High Doors/Loading 16
No. Drive In / Grade-Level Doors 2
Zoning B-1
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
14-36-376-031
Land Assessment
$513,646 CAD
Improvements Assessment
$1,713,908 CAD
Total Assessment
$2,227,554 CAD
  • Listing ID: 40306677

  • Date on Market: 2026-04-27

  • Last Updated:

  • Address: 2402 E Empire St, Bloomington, IL 61704

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