Industrial Properties in Bloomington, Illinois, offer a unique investment opportunity for those looking to capitalize on the city's growing economy. With a diverse range of industries, including insurance, financial services, and food manufacturing, Bloomington provides a stable foundation for industrial investments. Industrial Properties in Bloomington can represent a variety of investments, from warehouses and manufacturing facilities to distribution centers and logistics hubs. The city's strategic location, with access to major highways and a regional airport, makes it an attractive location for businesses looking to expand their operations. Additionally, Bloomington's highly educated workforce, with a strong presence of Illinois Wesleyan University, provides a skilled labor pool for industrial businesses. The city's amenities, such as the Bloomington Ice Center and the Den at Fox Creek golf course, also contribute to its appeal as a place to live and work. With its rich history and cultural attractions, including the Miller Park Zoo and the Illinois Shakespeare Festival, Bloomington is a great place to visit and do business.
Bloomington's Industrial Properties market offers a range of options, with 6 listings currently available. The average price per square foot for Industrial Properties in Bloomington is $79 USD, with an average size of 71,953 square feet. The largest Industrial Property available in Bloomington is 323,666 square feet. In addition to Industrial Properties, Bloomington also offers a range of other commercial properties, including Warehouses, with their proximity to major highways and transportation hubs making them ideal for logistics and distribution operations. Land is also available for development, with opportunities for businesses to build custom facilities. Apartment Buildings are another option, with a range of properties available for investors looking to capitalize on the city's growing rental market. Commercial Real Estate, including office buildings and retail spaces, rounds out the city's commercial offerings. With its diverse economy and range of commercial properties, Bloomington is an attractive location for businesses and investors alike.
What is the average price per square foot for industrial properties in Bloomington?
The average price per square foot for industrial properties in Bloomington is $79 USD.
How do location and transportation access affect industrial property values?
In Bloomington, Illinois, the location and transportation access of industrial properties significantly impact their values, with proximity to major highways, airports, and rail connections being key factors in determining their worth.
- Industrial properties located near Interstate 55, Interstate 74, and U.S. Route 51, which provide easy access to major markets, tend to have higher values due to their convenience and logistical advantages.
- The presence of the Central Illinois Regional Airport (BMI) and the Bloomington-Normal Amtrak station also boosts the value of nearby industrial properties, as they offer connections to major cities and facilitate the transportation of goods and people.
- Additionally, industrial properties situated in areas with lower traffic congestion and easier access to utilities, such as water and electricity, may command higher prices due to their increased desirability and functionality.
