Corner Retail Lot w/ Parking

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30704449
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related
Status: Pending/Contingent
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.73 Acres
Sale Price: $750,000
Unit Price: $187.50 PSF
Ceiling: 15.5 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2022

Overview / Comments

Located at a signaled intersection on two heavily traveled streets, this retail location is an ideal location for any business wanting excellent visibility and easy access. Building could be divided into two suites or be owner occupied. The building features two overhead doors into warehouse type space with 15.5 foot ceilings, 2retail/office areas, two restrooms, and second level office space. Property includes three parcels, with one easement on Lot 152 Plat 152A for the billboard. Purchase does not include use of the billboard.

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 530805200009000009
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: W. Patterson & W 2nd St.
Property Visibility: Excellent
Largest Nearby Street: W 2nd St.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1999
Roof Type: Flat
Construction/Siding: Metal Siding
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Private, paved lot. Not lined so parking spot total is an average.
Sprinklers: None
Heat Type: Natural Gas, Suspended Radiant Heaters, Other
Heat Source: Central, Ceiling Units, Radiant
Air Conditioning: Engineered System
Zoning Description: Mixed-Use Corridor
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Billboard on Lot not available for owner use. 015-37130-00 Seminary Part Lot 152 Plat 152A
Legal Description: 015-65180-01 Seminary Part Lot 151 0.2783 A Plat 151H 015-37130-01 Seminary Part Lot 152 Plat 152C 015-37130-00 Seminary Part Lot 152 Plat 152A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,983 80,288 113,878
Median Age: 26.29 28.27 30.85
Households: 9,699 31,145 45,040
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