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503 N East St 4,300 - 38,400 SF of Retail Space Available in Bloomington, IL 61701
Highlights
- Five-story historic building with full basement
- Located in Downtown Bloomington within the Downtown TIF District
- Surrounded by multiple City parking lots
- Potential to lease entire building or divide into smaller units
- Excellent visibility and easy access from North East Street
- Adjacent to the City’s “Downtown for Everyone” redevelopment project
Space Availability (6)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 8,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 8,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor | 8,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 3rd Floor | 4,300 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 4th Floor | 4,300 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 5th Floor | 4,300 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
Basement
1st Floor
There are many different options for lease options on this building. There are opportunities to rent the entire building or just a floor or two.
- Can be combined with additional space(s) for up to 17,000 SF of adjacent space
2nd Floor
The first and second floor are more finished than the top three floors offering less buildout and a more turnkey oppurtunity depending on your business needs
- Can be combined with additional space(s) for up to 17,000 SF of adjacent space
3rd Floor
Each floor is 4,300 SF. There is an industrial elevator that is connected to a loading dock.
4th Floor
5th Floor
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 38,400 SF | Gross Leasable Area | 38,400 SF |
| Max. Contiguous | 17,000 SF | Year Built | 1897 |
| Property Type | Retail |
| Total Space Available | 38,400 SF |
| Max. Contiguous | 17,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 38,400 SF |
| Year Built | 1897 |
About the Property
Located in the heart of downtown Bloomington, this five-story historic building with a full basement offers flexible leasing options and excellent visibility. The property can be leased in its entirety or divided into multiple units to accommodate smaller tenants and a variety of uses. Situated within the Downtown TIF District, it provides strong redevelopment potential and access to city incentives. Several city parking lots surround the building, offering convenient access for tenants and visitors. The property sits directly next to the City’s “Downtown for Everyone” project and is within walking distance of restaurants, offices, and retail stores. With its central location, easy access, and adaptable layout, 503 N East Street is well-suited for office, retail, or mixed-use tenants looking to locate in downtown Bloomington.
Nearby Major Retailers
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503 N East St
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