Corporate Office Complex for Sale

SaleInvestmentOffice ±392,535 SF
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1711 General Electric Rd
Bloomington, IL 61704
Price: Negotiable
Building Size: ±392,535 SF
Lot Size (acre): ±54.44 Acres
Parking: 1,334 Total Spaces (surface)
Zoning: M-1, Restricted Manufacturing District
RE: $750,955.58 – 2022 payable 2023
Year Built: ISB – 1966 CSB – 1990

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.


Area Description

The Office Complex is located on the east central side of Bloomington-Normal just off Veteran’s Parkway/Business I-55/Historic Route 66 on General Electric Road. Veteran’s Parkway is the main north/south throughfare running through Bloomington-Normal in McLean County. Local, regional, and national retailers and office users line Veteran’s Parkway including 2 malls, numerous power centers, Corporate HQ’s, and freestanding office and retail buildings. Central Illinois Regional Airport (CIRA) is less than 2.5 miles directly south. Bloomington-Normal is 134 miles southwest of Chicago, 162 miles northeast of St. Louis, and 175 miles northwest of Indianapolis.