Market News

AXIS 360 Brokers Sale of 2206 Cottage as Blended Investment and Owner-User Transaction

Bloomington, IL — AXIS 360 Commercial Real Estate Specialists is pleased to announce the sale of 2206 Cottage, a multi-tenant commercial property structured as a blended investment and owner-user transaction.

Bloomington, IL — The former IHOP restaurant at 2109 E. Empire Street in Bloomington has been sold by the restaurant’s corporate owner to local operators Cedric and Anthony Riley, who plan to transform the property into the second regional location of Smoking Notes BBQ.

Choice Thrift has signed a lease for approximately 4,500 square feet at 1701 E. Empire Street, Suite 305 in Bloomington Commons, with the nonprofit retailer expected to open later this year.

The former Sugar Mama’s bakery space at 115 W. Jefferson St., Suite 105, in Downtown Bloomington has been leased to Bayleaf & Butterscotch, a thoughtfully curated coffee shop and bakery concept known for high-quality beverages, fresh baked goods, and a warm neighborhood atmosphere.

Bank of Springfield (BOS) has acquired the former Talbots retail property at 1515 E. Empire St. in Bloomington in an off-market transaction.

Greg Yount of AXIS 360 Commercial Real
Estate Specialists represented Deneen Brothers Farms, LLC (Seller) in the $6.6M sale
of 37 acres of development land in Empire Business Park, Bloomington, Illinois to The
Carle Foundation.

Meghan O’Neal-Rogozinski, CCIM and Mike O’Neal of AXIS 360 Commercial Real Estate Specialists represented the buyer in the acquisition of the former Jo-Ann Fabrics building at 1719 E. Empire St. in Bloomington Commons, Bloomington, Illinois. The property is 21,828 sq.ft. and sold for $2.7 million.

1015 S. Mercer Avenue Medical Office Building Reaches Full Occupancy
with Gibson Area Hospital Lease Gibson Area Hospital to occupy remaining 13,000 SF in 30,000 SF.

X-Golf Springfield, IL is now welcoming guests at Southwest Plaza,
located at 3201 S. Veterans Parkway in Springfield, occupying 9,000 square feet. The venue
held a soft opening on Feb. 14, 2026, and regular operating hours will be announced soon.

19,600-SF multi-tenant office building changes hands in discreet, off-market transaction