Suite A | Professional Office | LEASE / SALE

$1,550,000

1615 Commerce Parkway, Bloomington, IL 61704

For Sale / Lease

Office

Active

Last Updated: 10/03/2024

Details:

Building Size: 18,350 sqft

Lease Type: Modified Gross

Year Built: 1993

Parking Spots: 70

Offered by

Meghan O'Neal-Rogozinski

Commercial broker, owner

AXIS 360 Commercial Real Estate Specialists

Request Info to Unlock

Description:

This professional office building is currently occupied by University of Illinois Extension office. Suite B is 10,291 SF for a potential buyer to occupy or Tenant to Lease as a standalone unit.

U of I has some remaining lease term and can provide a new owner an opportunity to offset occupancy costs while getting settled into the building. New owner can work with U of I on future tenancy needs.

The immediate area to this property has had a lot of activity with a new co-working office space, remodeling of a neighboring property by Ferrero for a new lab, an expansion of Auto House, positive change of ownership of several properties, along with the opening of Barrel House Restaurant. Large investments are taking place in this trade area, which is keeping up with the community at large. Good things happening in Bloomington/Normal right now. This is a great opportunity to be part of that growth.