Listed by Sands Investment Group
$2,300,000
Hamilton Road IOS - Bloomington, IL
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 13,465
Cap Rate 5.2%
NOI $119,602
Occupancy 100%
Tenancy Single
Brand/Tenant Hamilton Road IOS
Lease Type Net
Lease Term 2
Lease Expiration 01/31/2027
Remaining Term 0.5
Rent Bumps Yes
Lease Options 1 x 1 Year Option
Price per SqFt $171
Year Built 1994
Year Renovated 1995
Buildings 1
Acreage 1.430
Investment Type Net Lease
Lease Commencement 02/01/2025
13,465 SF IOS Asset – Bloomington, IL | Road Expansion Upside
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 13,465 SF Hamilton Road Industrial Outdoor Storage (IOS) property located at 1716 E Hamilton Road in Bloomington, Illinois. The property sits on 1.43 acres and features a highly functional IOS configuration with yard exposure, multiple roll-up doors, and clear heights up to 18 feet, making it well-suited for a variety of industrial and service-oriented uses. Its layout supports both indoor and outdoor operational needs, a key driver of demand within today’s industrial market.
Investment highlights
- The property consists of 13,465 SF situated on 1.43 acres, offering a highly functional industrial outdoor storage configuration with yard exposure, multiple roll-up doors, and clear heights up to 18 feet.
- Improvements include 4,703 SF of warehouse, 5,020 SF of shop/parts, and 3,742 SF of retail/office, providing flexibility for equipment dealers, service operators, and IOS users seeking indoor/outdoor functionality.
- The property fronts E Hamilton Road, which is currently undergoing a major widening and connectivity project, including over 4,000 linear feet of new roadway, enhancing access, visibility, and long-term site desirability.
- Bloomington is a stable Central Illinois market with a population of approximately 79,000 residents and has been recognized as a Top 25 Best Places to Live in the U.S., supporting long-term tenant demand.
- Strategically located between Peoria, 40 miles to the west, Springfield, 65 miles to the southwest, and Champaign, 50 miles to the east, the property offers strong regional connectivity that supports service-oriented industrial and equipment users.
- Offered at $2,300,000 (5.20% CAP) on in-place income, the property provides investors the ability for immediate cash return with a mark-to-market value-add component.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,602.00
$9,966.83/mo
Valuation Metrics
0
DSCR
5.2%
Cap Rate
5.2%
ROI
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