Landmark West
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: |
30826372 |
| Property Subtypes: |
Free-Standing Building, Mixed Use
|
| Status: |
Pending |
| Building Size (RSF): |
8,400 SF
|
| Sale Price: |
$1,250,000 |
| Unit Price: |
$148.81 PSF |
| Ceiling: |
9 ft. |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Landmark West |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/1/2023 |
Overview / Comments
|
Fully leased mixed-use property located half-way between downtown and I69.
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$23,590 (Annual) |
| Gross Operating Income |
$151,596 (Annual) |
| Actual or Proforma Year |
Actual |
Current Tenants
| Tenant Business Name |
Apple Tree Staffing |
| Is Renting? |
Yes |
| Annual Revenue |
$22,692 (Annual) |
| Suite Number |
1781 |
| SF of Space Occupied |
1,200 SF |
| Current Rent |
$19 PSF (Annual) |
| Lease Expiration |
5/2024 |
| Escalations |
Yes |
| Options |
Yes |
| Tenant Notes |
Gross rent reported |
| Tenant Business Name |
Anderson Medical Products |
| Is Renting? |
Yes |
| Annual Revenue |
$72,000 (Annual) |
| Suite Number |
1787 |
| SF of Space Occupied |
4,800 SF |
| Current Rent |
$15 PSF (Annual) |
| Lease Expiration |
12/2024 |
| Escalations |
yes |
| Options |
yes |
| Tenant Notes |
Gross rent reported |
| Tenant Business Name |
Dr Kevin Powers |
| Is Renting? |
Yes |
| Annual Revenue |
$56,908 (Annual) |
| Suite Number |
1791 |
| SF of Space Occupied |
2,400 SF |
| Current Rent |
$24 PSF (Annual) |
| Lease Expiration |
5/2025 |
| Escalations |
Yes |
| Options |
Yes |
| Tenant Notes |
Gross rent reported |
Additional Details
| Nearest MSA: |
Bloomington |
| County: |
Monroe |
| Taxing Authority: |
Monroe County |
| Tax ID/APN: |
530806101006.009 |
| Zoning: |
MC - MIXED USE CORRIDOR |
| Retail Clientele: |
General, Family, Business |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
West 3rd St |
| Site Description: |
Stop-light corner at W 3rd and Landmark Ave. |
| Area Description: |
Commercial retail/office |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
1995 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick, Vinyl Siding, Wood Frame |
| Total Parking Spaces: |
32 |
| Parking Type: |
Surface |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Zoning Description: |
Mixed Use |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
3rd St Bus Prk Ph1, Pt of Lot 1 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,497 |
80,815 |
115,783 |
| Median Age: |
28.67 |
28.8 |
30.91 |
| Households: |
4,165 |
30,765 |
45,819 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
|
