Redevelopment Opportunity - IHOP - Bloomington, IL
Land | 1 acres
Marketing description
Surmount is pleased to present the exclusive listing for a former restaurant located at 2109 East Empire Street, Bloomington, IL 61704. The site consists of approximately 4,600 rentable square feet of building space situated on an estimated 1-acre parcel. The property is currently vacant, presenting a unique opportunity for an owner-user or investor to reposition or re-lease the space at market terms.
Investment highlights
Second-Generation Restaurant Conversion | This former restaurant provides an excellent opportunity for restaurant operators or investors to capitalize on existing infrastructure, including a commercial-grade kitchen, plumbing, and dining layout. The property is well-suited for immediate lease-up or minimal retrofit, reducing upfront capital requirements for repositioning.
Dense Retail Corridor with Anchor Tenants | Located directly within the Bloomington Commons and Eastland Commons corridor, the site benefits from adjacency to national retailers such as Lowe’s, Kohl’s, Outback Steakhouse, AT&T, T-Mobile, and Bath & Body Works. This synergy supports daily consumer traffic and increases long-term tenant demand.
Flexible Reuse or Redevelopment Potential | With over an acre of land and high visibility along E Empire Street, the parcel presents flexibility for retail, QSR, or mixed-use redevelopment. The layout and access make it ideal for multiple end-user types, with strong visibility and dual access points from N Williamsburg Dr and Empire St.
Premier Retail Hub with 20,000+ ADTC Exposure | The property sits along E Empire Street, one of Bloomington’s main commercial thoroughfares, with over 20,000 vehicles passing daily. This prime frontage provides strong visibility for future tenants and supports long-term leasing stability.
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