Downtown Bloomington Investment Opportunity

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30854025
Property Subtypes: Day Care Facility
Building Size (RSF): 8,326 SF
Sale Price: $1,795,900
Unit Price: $215.70 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/27/2023

Overview / Comments

Prime investment opportunity situated near the IU Stadium, positioned at the coveted intersection of North Walnut and 15th St. This exceptional property boasts a spacious 4/10ths-acre parcel of land adorned with a meticulously renovated building spanning over 8000 square feet. Currently under lease to the Bloomington Center for Growing Culturally, the base lease is set to conclude on October 30th, 2025. Recent enhancements have significantly elevated the property's value, including the installation of four brand-new AC units, a partial roof replacement, and the successful conversion of drop ceiling lights to energy-efficient LED lighting. Moreover, an alternative investment property encompassing 4/10ths of an acre stands as an enticing prospect for those seeking diverse investment avenues.

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 53-05-33-204-123.000-005
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1961
Legal Description: 013-39880-00 KENWOOD LOTS 105 & 106

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,147 75,430 115,874
Median Age: 22.32 27.67 31.11
Households: 7,493 29,156 45,932


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