Acquisition Date: September 2017
Bloomington Commons is a 188,250 square foot regional grocery anchored shopping center occupied by Schnucks Grocery, Toys R Us/Babies R Us, Barnes & Noble, JoAnn Fabrics and Chuck E Cheese located in Bloomington, Illinois. The property is located at the epicenter of the Bloomington-Normal retail corridor and at the busiest intersection in Bloomington; Veterans Highway and Empire Street, with combined daily traffic counts of 60,000 vehicles per day. The surrounding area features virtually every major national retailer and contains over two million square feet of retail space. Neighboring national retailers include Walmart Supercenter, Sam’s Club, Lowe’s, Home Depot, Menards, HyVee, Kroger, Jewel Osco, Dick’s Sporting Goods and many more including Eastland Mall directly across the street (Kohl’s, JCPenney, Bergner’s and Sears) and Shoppes at College Hills Mall (Target, Von Maur and Hobby Lobby).
The Veterans Highway corridor also features the region’s largest employers including State Farm Insurance’s 99-acre world headquarters. Additionally, the Bloomington-Normal area features two of Illinois’ largest universities: Illinois State University (20,500+ enrollment and 3,300+ employees) and Illinois Wesleyan University (2,100+ enrollment). These academic institutions bring thousands of visitors and students to the area every year, in addition to the permanent population. Within a one-mile radius of the center, the estimated daytime population is over 61,000 people, and over 150,000 people within a three-mile radius. Additionally, the Bloomington-Normal trade area draws customers from over 25 miles away in every direction and has tremendous demographics with average household incomes of over $80,000 and over 215,000 people located within the trade area. The shopping destinations, businesses, and universities help make McLean County one of the fastest growing counties in Illinois.