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Marcus & Millichap Sells Bloomington Commons Retail Center In Bloomington For $13.4M

Property Image
SOLD
$13,400,000
Sean Sharko
Austin Weisenbeck

Illinois

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Retail132,966 SF
Sold 08/25/2025
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Bloomington Commons Retail Center In Bloomington For $13.4M

1701 East Empire Street

See Similar Deals
Retail132,966 SF
Sold 08/25/2025
Sean Sharko
Austin Weisenbeck
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:132,966 SF
Transaction Type:Sale

The property asset is a grocery-anchored retail center known as Bloomington Commons, located at 1701 East Empire Street in Bloomington. The transaction closed for $13.4 million, encompassing a total area of 132,966 square feet, which translates to a price per square foot of $101.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,400,000
  • Square Footage: 132,966
  • Address: 1701 East Empire Street
  • Market: Bloomington
  • PPSF: $101

The deal involved brokers Sean Sharko and Austin Weisenbeck from Marcus & Millichap. The retail center is anchored by Schnucks, which has a 10-year lease renewal. The transaction represents the sale by a local developer to a West Coast doctor, marking his first acquisition in the Midwest.

Players

Austin Weisenbeck
Marcus & Millichap
Austin Weisenbeck
51 deals$308.4M volume
BROKER
Sean Sharko
Marcus & Millichap
Sean Sharko
76 deals$407.7M volume
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Austin Weisenbeck & Sean Sharko DATE: 08/25/2025 ADDRESS: 1701 East Empire Street MARKET: Bloomington ASSET TYPE: Retail BROKERS: Sean Sharko (@Srshsrko) & Austin Weisenbeck - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $13,400,000 SF: 132,966 ~ PPSF: $101 NOTE: Marcus & Millichap sold Bloomington Commons, a 132,966-square-foot grocery-anchored retail center in Bloomington, for $13.4 million. The property, anchored by Schnucks with a 10-year lease renewal, was sold by a local developer to a West Coast doctor making his first Midwest acquisition.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,607.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,522.84
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