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

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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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