Renwick Village Center Lot C-2

Retail-Commercial for Sale
Catylist Listing ID: 30748110
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad
Building Status: Proposed
Building Size (RSF): 5,227 SF
Gross Land Area: 0.12 Acres
Sale Price: $250,000
Unit Price: $47.83 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/31/2023

Overview / Comments

The Renwick Village Center is the cornerstone of the Renwick community at the Southeast corner of Moores Pike and Sare Road. Renwick consists of 361 dwelling units.
The Village Center itself consists of three primary concepts:
1. The Terraces of Renwick
The Terraces feature 22 townhomes each with outdoor private living space and attached two-car garages.
2. The City Flats at Renwick
The City Flats at Renwick is a multi family development consists of 103 dwelling units. Product consists of one, two and three bedroom units with parking underneath the buildings. Amenities include swimming pool, fitness center, internet café, and access to bike and pedestrian trails.
3. Renwick Village Center Commercial
The Commercial component Village Center is a stunning commercial destination including retail, office and residential uses. As the cornerstone of The Renwick community, The Village Center offers a unique opportunity of ownership for commercial buildings as well as leasing for professional office, retail, or possibly mixed use residential / commercial uses.
C-2: Location will accommodate a building of approximately 4,200 square feet in a two story design with 8 dedicated off street parking spaces or a larger building footprint without adding the off street parking. A build to suit for an Owner of Tenant is available!

Plus 110 Common Area Parking Spaces on Site!

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 53-08-10-111-002.201-009
Retail Clientele: General, Business
Property Visibility: Excellent
Highway Access: TRANSPORTATION/ACCESSIBILITY: It is important to note Sare Road/College Mall Road (11,500 ADT) and Moores Pike (14,000 ADT) is a signalized intersection that supports a major flow of commuter traffic to and from Indiana University and other places of employment. The Village Center has four entrances Rock Creek Drive from the south and Queensway from the west via roundabout on Moores Pike the other directly from Sare Road. Sare road will be widened to accommodate left turns and right turns into the site. 69.9% of the market area drives to work, 3.4% work at home and the average travel time to work is 16 minutes, compared to the US average of 25 minutes. Approximate travel times to major midwestern cities from the site Indianapolis 45 minutes via I-69, Chicago 4 hours, Cincinnati 3.5 hours Louisville, 2.3 hours, Nashville 5 hours and St. Louis 5 hours.
Airports: Bloomington Regional Airport and Indianapolis International Airport
Site Description: Renwick Village Center Commercial The Commercial component Village Center is a stunning commercial destination including retail, office and residential mixed uses. As the cornerstone of The Renwick community, The Village Center offers a unique opportunity of ownership for commercial buildings as well as leasing for professional, retail, mixed use residential / commercial uses.
Area Description: Renwick Village center is located at the corner of Sare Road/College Mall Road and Moores Pike. Sare Road is a major north/south corridor servicing substantial existing residential developments just south of the Renwick Community in southeast Bloomington, Indiana, Monroe County. This site services a six-county area that includes Monroe, Brown, Morgan, Owen, Green and Lawrence counties. Bloomington is Indiana’s seventh-largest incorporated metropolitan area, a position it has held for several years among the state's cities. The education level is substantially higher than state or national averages, reflecting the presence of Indiana University, a robust state university, and numerous scientific, technical and professional establishments. Of all Monroe County adults over age 25, 40% have a BA or higher degree, ranking the county second in Indiana and placing it in the top 2% of all counties in the nation.
Total Number of Buildings: 7
Number of Stories: 2
Typical SF / Floor: 2,500 SF
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Block, Brick
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Satellite
Interior Description: Proposed to be built to a vanilla shell.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 015-26693-01 Renwick Phase 3 Section 1 Lot 201

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,786 80,296 99,949
Median Age: 33.87 28.09 29.94
Households: 5,267 31,046 39,419

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