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Office

502 S Morris Ave

502 S Morris Ave, Bloomington, IL 61701

Listing Price: $1,500,000

Cap Rate
7.59%
Gross SF
17,562
Rentable SF
17,562
Price/Gross SF
$85.41
Lot Size
1.49 acres
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present 502 South Morris Avenue, a multi-tenant office property located in Bloomington, Illinois. This property is approximately 17,562 square feet and is fully occupied by four tenants. There are approximately 70 parking spaces onsite. Bloomington is considered the heart of central Illinois and is the county seat of McLean County, the largest county in Illinois. Bloomington sits approximately 125 miles southwest of the city of Chicago, 155 miles northeast of St. Louis, Missouri and 64 miles northeast of Springfield, Illinois, the state capital. Bloomington is the largest of the two municipalities in the Bloomington-Normal metropolitan area and intersected by Interstates 39, 55, 74, US highways 51 and 150 and Illinois State Route 9. The Bloomington-Normal area is serviced by Greyhound buses, Amtrak trains and the Central Illinois Regional Airport.

Investment Highlights

  • Well-Maintained
  • Fully-Occupied - High Historical Occupancy 
  • Potential Upside in Rent 
  • Ample On-Site Parking

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

Listing Price: $1,500,000

Cap Rate
7.59%
Gross SF
17,562
Rentable SF
17,562
Price/Gross SF
$85.41
Lot Size
1.49 acres
Year Built
1970

Investment Highlights

  • Well-Maintained
  • Fully-Occupied - High Historical Occupancy 
  • Potential Upside in Rent 
  • Ample On-Site Parking

Investment Overview

Marcus & Millichap is pleased to present 502 South Morris Avenue, a multi-tenant office property located in Bloomington, Illinois. This property is approximately 17,562 square feet and is fully occupied by four tenants. There are approximately 70 parking spaces onsite. Bloomington is considered the heart of central Illinois and is the county seat of McLean County, the largest county in Illinois. Bloomington sits approximately 125 miles southwest of the city of Chicago, 155 miles northeast of St. Louis, Missouri and 64 miles northeast of Springfield, Illinois, the state capital. Bloomington is the largest of the two municipalities in the Bloomington-Normal metropolitan area and intersected by Interstates 39, 55, 74, US highways 51 and 150 and Illinois State Route 9. The Bloomington-Normal area is serviced by Greyhound buses, Amtrak trains and the Central Illinois Regional Airport.

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

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