1209 Towanda Ave - 1209 Towanda Ave
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1209 Towanda Ave - 1209 Towanda Ave
53,650 SF Specialty Building Offered at $2,600,000 in Bloomington, IL 61701
Investment Highlights
- 54,429 SF Former Post Office, Barber Shop, and Dollar General
- Dollar General has a NNN leasehold through February 28, 2025 with a renewal option to follow
- Entire Property is in a Tax Increment Financing District
- 307 SF Coffee Kiosk
- Great Visibility and Ample Parking
- Zoned B-1 General Commercial District
Executive Summary
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.
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.
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Property Facts
| Price | $2,600,000 | Lot Size | 5.60 AC |
| Price Per SF | $48 | Building Size | 53,650 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1970 |
| Property Subtype | Post Office | Parking Ratio | 4.66/1,000 SF |
| Building Class | C |
| Price | $2,600,000 |
| Price Per SF | $48 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 5.60 AC |
| Building Size | 53,650 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 4.66/1,000 SF |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $627,953 | |
| Land Assessment | $389,963 | Total Assessment | $1,017,916 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$389,963
Improvements Assessment
$627,953
Total Assessment
$1,017,916
zoning
| Zoning Code | B-1 |
| B-1 |
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1209 Towanda Ave - 1209 Towanda Ave
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