Corner Multi-Parcel Investment

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30770388
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Status: Pending/Contingent
Building Size (RSF): 12,129 SF
Gross Land Area: 1.96 Acres
Sale Price: $1,325,000
Unit Price: $109.24 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/5/2023

Overview / Comments

Zoned mixed-use corridor, this 1.96 acre commercial property is located at a lighted intersection on the corner of W. 3rd and Cory Lane. Property sale includes 3 parcels containing 3 total buildings: (2002) Retail +/- 2,450 SF; (2006) Retail +/- 3,613 SF; (2008) Warehouse +/- 6,066 SF. Ideal for retail or a larger redevelopment of corner area. Lots will not be subdivided.

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 53-05-31-400-004.000-005
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: W. 3rd St.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Average
Year Built: 1980
Roof Type: Arched
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Private paved & gravel lot
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Mixed-Use Corridor
Water Service: Municipal
Sewer Type: Municipal
Legal Description: (2002) 013-53270-00 PT SE SE 31-9-1W .861 A; PLAT 13 (2006) 013-53280-00 PT S1/2 SE 31-9-1W; .587 A; Plat 14 (2008) 013-53290-00 PT SW SE 31-9-1W .507 A; PLAT 12

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,583 76,690 116,929
Median Age: 29.08 28.46 31.05
Households: 4,136 28,884 46,287
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