1711 General Electric Rd., Bloomington, IL

Office for Sale - 54 acres


Agent Info

AJ Thoma III, CCIM, SIOR
Coldwell Banker Commercial Devonshire Realty

Property Info

CIMLS#1151127
Location
  1711 General Electric Rd.
  Bloomington IL 61702
UpdatedNovember 16th, 2023
TypeOffice
PriceUpon Request
Land54 acres

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) and Cushman & Wakefield (CW) are proud to offer for Sale this exceptional Class A Corporate Office Complex located in Bloomington IL. The complex is comprised of three interlinked buildings: ISB, CSB, and Link Building.

The ISB was built in 1966 and completely renovated around 1990 and further renovated in 2018 – 2019 at a cost of approx. $18.4 million. The first floor of the property serves multiple uses including file storage, shipping/receiving, and multiple employee training rooms and facilities. The second floor serves primarily as office and training space for various departments.

The CSB was built in 1990 and has been updated over the last 10 years at a cost of approx. $2.3 million. The 2nd floor received renovations in 2001 to the cost of $12 million. There are 3 floors (including the below grade level) of Class A office space. The typical floor plate is approx. 50,000 SF and consists of perimeter offices/conference rooms with open cube seating, restrooms, and multipurpose rooms in the interior.

The two main buildings are connected by the Link building which houses the main entrance, cafeteria, and the food services program.

The current owner is willing to lease back the facility as they make their transition through 12/31/2026. Leaseback numbers will be based on the purchase price.


Financials