Hwy Exit Development Opportunity I-55/I74
Multiple lots available in growing Highway Intersection of W. Bloomington
Marketing description
This is a strong commercial area with six (6) hotels on the west side of I-74/55 totaling 420 rooms, with an additional five (5) hotels that are located immediately east of I-74/55 adding 406 rooms for a total of 837 rooms in the immediate area of the interstate interchange.
There are two large truck stops (TA and Pilot), which service over-the-road truckers. The area also offers abundant shopping and dining options including a Wal-Mart Supercenter, a newly expanded Aldi grocery store, and multiple national chain restaurants, Steak & Shake, Bob Evans, Wendy's, McDonald's, Arby's, Popeye’s, Culver's, and so much more.
This subdivision is located en route to the west side industrial community with Rivian Automotive just a few minutes away.
Strong Economic Drivers:
Bloomington-Normal is a desirable market with a diversified economy. Bloomington is the county seat of McLean County, IL and the world headquarters to State Farm Insurance (14,500 employees) and Country Financial (2,025 employees), Other major employers that provide industry diversification, Illinois State University (3,940 employees), Rivian Automotive (7,500 employees), and OSF Healthcare (1,286 employees), others include Nussbaum Transportation, Beer Nuts Brand Snacks, and McLean County is one of the most productive agricultural areas in the nation, which attracted Brandt Industries to the community.
The twin cities are serviced by four major railroad lines and Amtrak, as well as air transportation at the Central Illinois Regional Airport, which services commuter, corporate, and private aircraft.
Strong College Community Demographics:
Normal is home to Illinois State University (20,784 students) and Heartland Community College (5,280 students). The community also boasts higher education at Illinois Wesleyan University in Bloomington with 1,649 students. All of the higher ed institutions have been on a growth trajectory, adding engineering programs, growing their business incubators, healthcare programs and more.
Strong National Recognition:
Bloomington Ranks #64 in Best Places to Live in the US in 2022
Bloomington-Normal is ranked in the top 10 among “Most Livable College Towns in America” Strategistico, 2022
Bloomington-Normal is ranked in the top 20 among “Most Livable Small Cities in the U.S.”
Bloomington-Normal is ranked #3 in Illinois among “Start-Up City Rankings”
Bloomington-Normal is ranked #1 among the "Happiest City in America"
This growing west side sector provide for great development opportunities, call for more information today.
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