Shopping Centers in Bloomington, Illinois offer a unique investment opportunity for those looking to capitalize on the city's growing economy. With a population of around 170,000 in the Bloomington-Normal metropolitan area, the demand for retail and commercial spaces is on the rise. Shopping Centers in Bloomington can represent a range of investments, from small strip malls to large retail complexes, offering a variety of options for investors. The city's strong infrastructure, including Interstate 55, Interstate 74, and U.S. Route 51, makes it an attractive location for businesses and consumers alike. Additionally, the presence of major employers such as State Farm Insurance and Country Financial contributes to the city's economic stability. With amenities like Miller Park Zoo, the Bloomington Ice Center, and the Den at Fox Creek golf course, Bloomington is a great place to live, work, and visit. The city's rich history and cultural attractions, including the Illinois Shakespeare Festival and the McLean County Arts Center, also make it an attractive destination for tourists and locals alike.
Currently, there are 3 Shopping Centers for sale in Bloomington, offering a range of investment opportunities. The average price per square foot for these properties is $64 USD, with an average size of 43,242 square feet. The largest property available is 62,317 square feet. In addition to Shopping Centers, Bloomington also offers a range of other investment opportunities, including Restaurants, Specialty Properties, Land, and Office Properties. For example, Restaurants in Bloomington can benefit from the city's growing food scene, with popular establishments like Beer Nuts and Dairy Queen. Specialty Properties, such as the Bloomington Center for the Performing Arts, offer unique investment opportunities in the city's cultural sector. Land investments in Bloomington can range from residential developments to commercial projects, taking advantage of the city's growing population. Office Properties, such as those in the downtown area, offer opportunities for businesses to establish themselves in the heart of the city. With its diverse economy and range of investment opportunities, Bloomington is a great place to consider investing in a Shopping Center or other commercial property.
What is the average cap rate for shopping centers in Bloomington?
The average cap rate for shopping centers in Bloomington is 10.48%, making it an attractive investment opportunity for those looking to capitalize on the city's strong retail sector, which is supported by a diverse range of local businesses, major employers like State Farm and Country Financial, and a population of around 170,000 in the Bloomington-Normal metropolitan area.
