Downtown Multi-Tenant Office

Office for Sale
Catylist Listing ID: 30743039
Property Subtypes: Executive Suites, Coworking, Mixed Use, Flex Space, Office Building, Research & Development
Building Size (RSF): 4,000 SF
Gross Land Area: 0.20 Acres
Sale Price: $689,000
Unit Price: $172.25 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 4,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/28/2021

Overview / Comments

+/- 4,000 SF downtown multi-tenant office building for sale. Building lays on .2 acres and hosts a private parking lot with 12 spaces for tenants. Currently fully leased. Recent improvements to the building and landscaping including new flooring, paint, plumbing improvements, and curb replacements.

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 530532413066000005
Zoning: MIXED-USE DOWNTOWN
Property Located Between: N. Madison & N. Rogers
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,000 SF
Year Built: 1990
Roof Type: Arched
Construction/Siding: Stone
Exterior Description: Stone and Wood.
Parking Description: Private, paved lot & paid street parking
Total Parking Spaces: 12
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Mixed-Use Downtown
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 013-10490-00 ORIGINAL; PLAT; 151

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,840 88,740 113,878
Median Age: 25.29 28.94 30.85
Households: 8,317 34,832 45,040

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