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

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.