1804 Towanda Barnes Rd
Industrial | 8.30% CAP | 18,076 SqFt
Marketing description
Terrific opportunity to acquire a 5.56-acre flex, warehouse, and mini-storage property located within the Bloomington-Normal MSA. With 18,076 sq. ft. of total building area across three income-producing structures, this property is ideal for investors seeking diversified revenue streams with stable rental demand and long-term growth potential. OR, like the current owner, an ideal opportunity for a user to operate its own business out of the available 6500-9,000 +/- sq. ft. while using the additional rental income to significantly offset overall ownership costs.
The property includes two upgraded flex buildings, a fully leased storage facility, and 88 rentable parking spaces, plus six additional regular income streams.
Ownership is offering the sale of the LLC, providing an additional layer of tax optimization potential for the buyer.
Investment highlights
Total Land Area: 5.56 acres
Total Building Area: 18,076 sq. ft.
Income Streams:
Two rentable flex buildings (7,896 sq. ft. + 3,780 sq. ft.)
38 mini-storage units
88 rentable parking spaces
ME Gaming, Prairie Built Barns, Maddox Farm Stand, Indian Food Truck, Lamar Billboards leases
Mixed zoning: 0.46 acres, City of Bloomington B1 zoning (Parcel 15-30-480-002) 5.1 acres, McLean County C zoning (Parcel 15-30-400-011)
Updated mechanicals, Led lighting, and high-speed fiber
LLC sale option for buyer tax benefits
Well and septic in place; New lift station installed approximately 5 years ago
Asphalt Driveway
ADT security equipment interior/exterior, including a 1 Terabit SVR recorder
Eligible for annexation into the City of Bloomington for access to city sewer and water, while currently benefiting from County tax rates and regulations
Building #1 — 7,896 sq. ft. Flex Building
Uses: Retail | Warehouse | Light Industrial
Configuration: 3 units
1,536 sq. ft. retail suite —Gaming and potential additional retail
6,360 sq. ft. warehouse—Available
(2) new 5-ton commercial HVAC units (2020)
LED lighting throughout
Metronet fiber installed (2020)
Building #2 — 3,780 sq. ft. Flex Building
This building offers recent accessibility improvements and efficient utility systems, ADT security equipment for both interior and exterior, including a 1 Terabit SVR recorder
Units: 2 suites
1,000 sq. ft.—Leased
2,780 sq. ft.—Available
ADA-compliant restroom (2021)
New HVAC system (2022)
LED lighting
10’ overhead door
Building #3 — 6,400 sq. ft. Mini-Storage Facility
The mini-storage facility provides stable, low-maintenance income and continues to see consistent demand in the Bloomington-Normal market. With rents remaining the same for several years, the property offers immediate upside potential through updating rates to current market levels.
Dimensions: 160' x 40'
Total Units: 38
15 units per side (30 total)
8 end units
Additional Income: 88 rentable parking spaces
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